§ MR. R. DUNCAN (Lanarkshire, Govan)
I beg to ask the Secretary of State for India if he can state approximately the gain-to the Revenue in the last financial year due to the coinage of rupees and other silver pieces as token money.
§ THE SECRETARY OF STATE FOR INDIA (MR. MORLEY, Montrose Burghs)
The profit on the coinage of rupees is not treated as Revenue: it has hitherto been transferred to the Gold Standard Reserve; and in future one half will continue to be so transferred, the other half being used for capital expenditure on railways. The amount of the profit in 1906–7 was approximately £4,000,000. The profit on other coinage, which is treated as Revenue, amounted in 1906–7 to £254,000.† See (4) Debates, clxxv, 1066-7.
§ MR. R. DUNCAN
Are there any signs of an extension of the currency of the rupee beyond their own border?