§ MR. WEIR (ROSS and Cromarty)I beg to ask the Secretary of State for India if he will state why bank notes issued by the Government of India are not cashed at their face value at the Government currency offices throughout India.
§ THE SECRETARY OF STATE FOR INDIA (Lord G. HAMILTON,) Middlesex, EalingCurrency notes are by law payable only at the office from which they are issued, or at the Presidency town of the Presidency within which that office of issue is situated. This restriction is maintained because, if the currency notes of all circles could be cashed at any one of the currency offices throughout India, it would entail the locking up of much larger balances than at present.