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Reports of Currency Committees

1931

The extent twhich the financial position of the Government of India is affected by exchange is emphasised in the following passages of the recently published statement of Sir David Barbour: Sir D. Barbour on the situation.— The immediate cause of our finacial difficulties and the cause which by comparison and for the time being dwarfs all others is the fall in the gold value of silver w [...] It must be remembered as pointed out by the Gold and Silver Commission that the effect of throwing a large quantity of silver upon the silver market is not to be measured by the proportion which that quantity bears to the whole stock of silyer in the world but by the proportion which it bears to the stock of silver in the world after deducting from that stock the very large amount of siver m [...] Though upon the whole the Government have not been compelled to impose increased taxation in order to discharge their liabilities whilst the fall in exchange has been in progress certain alterations have been made in the taxation of the country—some in the direction of remission others of an increase—with the net result that the amount of theincrease has not greatly exceeded the amount of the re [...] Effect on the remittance of produce.—In estimaing the effect upon the people of India of its being necessary to raise an increased number of rupees to meet the sterling remittances of the Government of that country it must be borne in mind that the extent of the burthen imposed upon the people of India by these remittances is measured by the quantity of produce which they represent for it is [...] It has indeed been alleged that the fall in the gold price of certain Indian products is to be attributed to the fall in the value of the rupee butthis allegation is strongly controverted; and having regard to the phenomena presented in the case of Indian products not greatly open to competition and to the necessary effect of competition in the case of those which are within the sphere of its i
commerce industry
Pages
475
Published in
India
SARF Document ID
sarf.143630
Segment Pages Author Actions
Frontmatter
i-viii unknown view
Report of the Indian Currency Committee 1893
1-58 unknown view
Report of the Indian Currency Committee 1898
59-102 unknown view
Royal Commission on Indian Finance and Currency 1914
i-184 unknown view
Annexe to Report of Royal Commission on Indian Finance and Currency
185-234 unknown view
Report of Committee on Indian Exchange and Currency 1919
i-324 unknown view
Royal Commission on Indian Currency and Finance 1926
i-457 unknown view

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