§ SIR EDWARD SASSOON (Hythe)I beg to ask the Secretary of State for India, whether he would state the total amount of gold reserve accumulated in India and in England under the provisions of the Indian Currency Act; and whether the reserve held here is included in the weekly statements of the Bank of England.
§ THE SECRETARY OF STATE FOR INDIA (Lord G. HAMILTON,) Middlesex, EalingThe gold in the Currency Reserve under the provisions of the Indian Currency Act was on the 7th of this month £6,957,000 in India and none in England. There is also £800,000 in the Cold Reserve Fund in India, which is not held under that Act. When gold is held in England under the Currency Act it is excluded from the weekly statements of the Bank of England.