HC Deb 26 April 1926 vol 194 c1631

asked the Under-Secretary of State for India the amount of gold coin and bullion and the notes in circulation in the Indian currency returns to date?

The UNDER-SECRETARY of STATE for INDIA (Earl Winterton)

On the 15th April the figures were as follow:

Gold coin and bullion valued at the present statutory ratio 22.3
Gross note circulation 138.6

I am circulating in the OFFICIAL REPORT a copy of the currency return from which these figures are extracted.

Following is the return promised:

Note Circulation and Form of the Indian Paper Currency Reserve on 15th April, 1926.

The Note circulation was Rs. 18,858 lakhs.

The Reserve against it was held in the following form:

Lakhs of Rs.
Silver coin and bullion in India 8,416
Gold coin and bullion in India 2,232
Securities (Government of India) 5,711
Securities (British Government) 2,499
Total 18,858

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