§ 8. Sir GEORGE SCOTT ROBERTSONasked when and how many times during the last twelve months has the price of Council Bills fallen to 1s. 3 15–16d.; and how long is it, anterior to such date, since Council Bills were sold for less than is. 4d the rupee?
§ Mr. C. ROBERTSBills were sold at 1s. 3 15–16d. on six occasions during June and July of last year. They had been sold at 1s. 3 31–32d. once in June and twice in March in the same year. Before 29th March, 1913, they had not been sold below 4d. since 7th June, 1911.
§ Sir G. SCOTT ROBERTSONCan my hon. Friend state the highest price which a purchaser of Council Bills finds it profitable to pay in London at ordinary times rather than ship gold to India?
§ Mr. C. ROBERTSIt depends upon a number of varying circumstances, but believe the price might range to about ls. 41–16d.