HC Deb 05 May 1914 vol 62 cc113-4
9. Mr. RUPERT GWYNNE

asked at what date and under what circumstances the India Office changed the Gold Standard of India into the Gold Exchange Standard; and was the Government of India or the Indian mercantile community consulted regarding this change in the currency policy of India?

Mr. C. ROBERTS

So far as a change has taken place in the direction mentioned it has been the outcome of a gradual development since 1893, of which the history is summarised in paragraphs 13 to 51 of the Report of the Royal Commission on Indian Finance and Currency. Correspondence at various stages with the Government of India and Indian mercantile bodies will be found among the Papers laid before the Commission.

Mr. R. GWYNNE

Are we to assume that the correspondence shows that the Indian Government and the mercantile community concur in the present system?

Mr. C. ROBERTS

I think I might direct the hon. Member to the Papers. They are published.