§ 11. Mr. TOUCHEasked the Secretary of State for the Colonies whether any rupees for circulation in East Africa are coined in that Colony or in England or are they all coined in India; and how is the profit on coinage dealt with?
Mr. HARCOURTNone are coined in East Africa or in England. As stated by 336 the Under-Secretary of State for India on the 9th October, in reply to the hon. Member for Hertford, rupees are coined in India to meet the requirements of that country and not directly for exportation, but the Indian rupee circulates in parts of East Africa and passes, in the course of trade, from India to those countries and from them to India. The profit on coinage is dealt with by the Indian Government.
§ Mr. TOUCHEDoes East Africa get any part of the profit?
§ Mr. TOUCHEDoes it go to the gold standard reserve in India?