The Indian Review A Monthly Periodical Devoted to the Discussion of all Topics of Interest October 1933

These may be stated as firstly the hoarding habit which denied the money market the use of the full resources of the country in gold and silver and coin; and secondly the absence of the banking habit which would ensure the smooth circulation of the media of exchange. [...] It has been found fiecessary for the Government to insist on the maintenance of separate registers of shareholders for the various regions of the country to make allotments of the capital and to provide for the disposal of that part of the allotment which is not taken up by the people of that part of the country. [...] 2. In consideration of the performance by the Imperial Banket India on behalf of the Reserve Bank of India of the functions which the Imperial Bank of IndiaOCIOBER 194] THE RESERVE BANK BELL 637 was performing on behalf of the Governor-General in Cotno11 at the places reffrred to in Clause 1 before the coining into force of the Reserve Bank of India Act 1933 the lieserve Bank of India shall pay [...] The following is a summary of the amendments to the Constitution which the Ministers demand in their Memorandum : The removal of the Officers of State and their substitution by Ministers and Executive Committees of the Council ;"640 THE INDIAN REVIEW [ OCTOBER 1938 The strengthening of the position of the Board of Minister% by enabling them to initiate and carry out their financial politics ; Alt [...] The reconstitution of the Public Services Commission ; The deletion of the provision for obtaiing the prior sanction of the Governor in the case of bills motions resolutions or votes affecting officers in the Public Service ; and The curtailment of the special powers of the Governor.