§ MR. R. CRAWFORDsaid, he wished to ask the Secretary of State for India whether he has under his consideration any plans or proposals for authorizing and regulating, by means of a bank or otherwise, the issue of promissory notes payable on demand in India?
§ SIR CHARLES WOODsaid, that the question was one which had been for some time discussed in India, and last year a despatch was received from thence making some suggestiens on the subject. Those suggestions, however, were not exactly such as he could approve of, and before adopting any measure of the kind it was determined that nothing should be done till a report is received from Mr. Wilson, than whom no one is more conversant with the subject, and who has recently been sent to India for the purpose of giving his able assistance in all financial and commercial matters. He could not, therefore, say that he was prepared with any measure for the purpose of establishing a paper currency in India, although he readily admitted that it was exceedingly desirable to do so.
§ On Motion that the House at its rising do adjourn till Monday next:—