HC Deb 22 July 1907 vol 178 c1133

To ask the Secretary of State for India if he will state the amount of silver rupees coined during 1906 on which the seignorage profit of £4,000,000 sterling was realised; and the average price per ounce at which the metal was purchased.

(Answered by Mr. Secretary Morley.) In the financial year 1906–7 (in which a net profit of £4,000,000 was realised on the coinage of rupees) the number of rupees coined, excluding the recoinage of old rupees, was 227,670,000 (i.e., 22 crores 76¾lakhs=£15,180,000). The aver age price per ounce at which silver was purchased during the year was 31.332 pence.