§ 1. Sir FREDRIC WISEasked 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:
Crores | |
Rs. | |
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 |