§ SIR WILLIAM HOULDSWORTHI beg to ask the Secretary of State for India if any gold has been deposited at the Bank of England under the recent Act passed in India for the issue of currency notes in exchange for gold deposited in London?
§ THE SECRETARY OF STATE FOR INDIANo gold has been deposited in the Bank of England under the recent Act, but I have reason to believe that the passing of the Act had the effect of improving the financial situation, and was by no means ineffective.