HC Deb 12 March 1903 vol 119 c581

I beg to ask the Secretary of State for India whether information has been obtained from India enabling him to state in round numbers how many sovereigns have been paid into the Indian Treasuries for Land Revenue, Customs, or other fiscal payments, since gold coin was made legal tender at the rate of fifteen rupees; also, for the same period, what number of sovereigns have been paid out at the same rate by the departments for the local purchases of materials, stores, salaries, interest, and other State obligations.


Since gold was made legal tender in India £25,282,000 has been received in gold by the Government of India, and £18,825,000 has been issued—viz., £7,000,000 shipped to England and £11,825,000 issued to the public. I am not able to give figures showing the nature of the several transactions in which gold has been used; but I will inquire of the Government of India whether any record has been kept from which any classification of the nature that the hon. Member desires could be prepared.