cover image: Report of the Controller of the Currency for the Year 1931-32

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Report of the Controller of the Currency for the Year 1931-32

1932

This fall was completely neutralised in the case of countries which adhered to sterling by the fall in the cross rate which weakened to 3'24 dollars on the 1st December the lowest point reached and finally closed round 3.40 at the end of the month.3 6. The large exports of gold from India now began to exercise influence nfluence and this together with the effect of the new tariff on the Briti [...] From various indications it is probable that in the latter part of the year as a result of the abandonment of the gold standard and the general improvement in the political situation the flight of capital from India dwindled materially. [...] Owing to the abandonment of the gold standard in September the net fall in the price of India's staple exports was not so large as in the previous year as will be seek from the table below which gives the index numbers of the chief eort commodities as calculated by the Director General of Commercial Intelligence and Statistics in Calcutta. [...] As in the case of gold the export of silver was stimulated by the abandonment of the gold standard in September and the consequent increase in the rupee and sterling price of the metal. [...] On the 27th June the Prime Minister announced in the House of Commons that the British Government would lend their assistance to the Indian Government if necessary to support their credit and currency during the period of uncertainty created by the discussions as to the future constitution of the country.
commerce industry
Pages
118
Published in
India
SARF Document ID
sarf.146727
Segment Pages Author Actions
Cover
i-ii J. B. Taylor view
Introductory
1-5 J.B. Taylor view
I.—Foreign Trade
5-8 J.B. Taylor view
II.—Bullion
8-11 J.B. Taylor view
III.—Exchange and Remittances to the Secretary of State
11-13 J.B. Taylor view
IV.—The Government Balances and Reserves
13-19 J.B. Taylor view
V.—Money Conditions in India
19-21 J.B. Taylor view
VI.—The Public Debt.
21-26 J. B. Taylor view
VII.—Demand for the Various forms of Currency
26-29 J.B. Taylor view
VIII.—The Note Circulation and Miscellaneous Matters Connected with Currency Notes and Coinage
29-36 J.B. Taylor view
Appendix
37-44 J.B. Taylor view
Statements
45-100 J.B. Taylor view
Index to the Report
i-iv J.B. Taylor view
Backmatter
i-i J.B. Taylor view

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