cover image: Royal Commission on Indian Finance and Currency  Minutes of Evidence of Indian Finance and Currency

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Royal Commission on Indian Finance and Currency Minutes of Evidence of Indian Finance and Currency

1913

We knew that a very big scheme of education was in the air and we had estimates prepared in the Secretariat which have never been published which indicated the enormous call upon us in the near future: lt was the same with sanitation and medical advancement ; and the same with the improwiment of the police. [...] The Comptroller-General devotes a. great deal of time and labour to this question of the movement of the funds in the most economical way.hut the whole tendency since I have been associated with the finance department; has been to increase the balance. [...] If that is so it has always s e to the Government of India that to esta a practice of loans to the market during the season of high ' balances would tend to encourage the banks to red.fiCe pro tanto their own provision of funds that is to s4 there would not be an aggregate addition to the loana le capital in the market. [...] There have been some discussions in the past between the Government of India and the Home Government on that but what we are most concerned with is the practical question of what ought to be done now ?—There again the View of the Government of India is no doubt familiar to the Commission. [...] As regards the location of the main portion of the reservoir or reserve have you any objections to offer to the practice of holding it in London P—During the time of less confident relations between Calcutta and London I think the Government of India rather favoured the view of many critics in India that it would be a good thing to have the gold under our lock and key so to speak as when it wen
government politics public policy
Pages
168
Published in
United Kingdom
SARF Document ID
sarf.143547
Segment Pages Author Actions
Frontmatter
i-iv James Meston view
Minutes of Evidence taken Before the Royal Commission on Indian Finance and Currency
1-162 James Meston view
Backmatter
i-ii James Meston view