cover image: Report of the Controller of the Currency

Premium

20.500.12592/nwqkgc

Report of the Controller of the Currency

1925

The settlement of the German Reparations problem by the London Agreement in August 1924 and the consequent adoption of the Dawes Plan not only laid the foundations for the reconstrution of the trade of Central Europe but also removed one of the main sources of friction between the Allied Governments. [...] The average balance at the Imperial Bank of India was' considerably higher than in the preceding year largely owing to the stoppage of the sale of Treasury Bills the abnormal distribtion through the year of the remittances to the Home Treasury and the necessity for providing additional currency during the busy season to meet the needs of trade. [...] During the year 1924-25 the variations in the size of the balance were more marked because the bulk of the remittances to the Home Treasury during the years 1923-21 and 1921-25 were made at an earlier period of the year than was normal before the war. [...] From the beginning of November the amount of silver coin in the Reserve began to decrease but the corresponding decrease in the note circulation was balanced by the issues of notes against British Treasury Bills deposited in the Paper Currency Reserve in England and against internal bills of exchange deposted in the Reserve in India the net result being that athe end of the year the total [...] The following statement compares the cash balances of cash balances the Imperial Bank of India in the last week of each month of 7fmtpleerial the year with the corresponding figures for 1923-24 and Bank of 1922-23 (In lakhs of Rupees.) Cash balances of the Imperial Bank of India in the last week of 1922-23.
commerce industry
Pages
87
Published in
India
SARF Document ID
sarf.140672
Segment Pages Author Actions
Cover
i-ii H Denning view
Frontmatter
i-ii H Denning view
Introductory
1-2 H Denning view
I. India’s Foreign Trade
2-7 H Denning view
II.—Price of Silver Exchange and Remittances to the Secretary of State
8-13 H Denning view
III.—The Government Balances and Reserves
13-19 H Denning view
IV.—Money Conditions in India
19-25 H Denning view
V.—The Public Debt
25-32 H Denning view
VI.—Demand for the Various forms of Currency
32-36 H Denning view
VII.—The Note Circulation and Miscellaneous Matters Connected with Currency Notes and Coinage
36-44 H Denning view
Appendix
45-48 H Denning view
Statement
49-73 H Denning view
Index to the Report
i-iv H Denning view

Related Topics

All