HC Deb 23 November 1893 vol 18 c1544
MR. LABOUCHERE (Northampton)

I beg to ask the Secretary of State for War whether the pay of English regiments serving in India is sent from England to India; and, if so, which Government—Indian or English—gets the advantage of the exchange; and, if the English, in what way it is credited to this Government?

* MR. CAMPBELL-BANNERMAN

The British Government has nothing to do with the pay of a regiment serving in India, which is a charge on Indian revenues, and is fixed in sterling money, but issued in India in rupees at the current official rate of exchange. The result, therefore, of a fall or rise in the exchange value of the rupee is that the European soldier receives a larger or smaller number of rupees, the difference affecting the Indian Exchequer.