HC Deb 23 July 1907 vol 178 cc1324-5
MR. CLAUDE HAY

To ask the Secretary of State for India whether, as the profit on the rupee coinage is at present not more than £4,000,000 sterling per annum, and that one-half of the profit is to be expended on the construction of new railways mileage in India, one-half of the estimated profit on the numbers of Indian rupees which are and have been imported and absorbed in East and Central Africa might similarly be employed in building railways in East and Central Africa.

(Answered by Mr. Secretary Morley.) I am unable to admit that the fact that the inhabitants of East Africa for their own convenience use Indian rupees gives them any claim to participate in the advantages derived by the Government of India from the profits of its own coinage.