cover image: Report on Currency and Finance for the Year 1940-41

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Report on Currency and Finance for the Year 1940-41

1941

With the intensification of hostilities and the extension of the war zone controls of prices wages and profits steep enhancements in taxation with consequent reduction in private incomes regulation of production and rationing of consumption and direct and indirect control of investment and savings became the dominant features of the world economic situation. [...] 3. The United Kingdom.-A review of economic conditions in the United Kingdom during the year is largely a survey of the economic and financial effort called forth by the war."The rise in the daily war expenditure from £4.7 millions in the first month of the war to £7 millions in March 1940 and further to about £14 millions at the end of the year under review shows the magnitude of the burden impos [...] In the sphere of banking one of the outstanding features of the year was the reduction in the advances and bills of the scheduled banks owing principally to the loss of important European markets. [...] During the year under review however the intensification and extension of the war brought into play factors such as the loss of the European markets control of inaportsand exports and scarcity of freight the combined effect of which was to neutralise the gains of the previous year almost wholly in the case of imports. [...] Balance of Trade in Merchandise of British Irdia and Direction of Trade.— The following table shows the more important changes in the direction of Indian trade and the balance of trade with important countries and groups during the last three years.
commerce industry
Pages
124
Published in
India
SARF Document ID
sarf.141034
Segment Pages Author Actions
Frontmatter
i-viii unknown view
I. General Features of the Year
1-5 unknown view
II. Trade
6-12 unknown view
III. Bullion
12-15 unknown view
IV. Exchange and Remittance
15-16 unknown view
V. Exchange Control
16-22 unknown view
VI. Public Finance
22-27 unknown view
VII. Government Balances and Reserves
27-29 unknown view
VIII. Public Debt
29-34 unknown view
IX. Currency
34-39 unknown view
X. Miscellaneous Matters Connected With Coinage and Currency
40-43 unknown view
XI. Money and Banking
44-48 unknown view
XII. Annual Accounts of the Reserve Bank of India
48-56 unknown view
Statements
57-102 unknown view
Index
103-108 unknown view

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