HC Deb 21 September 1931 vol 256 c1253
6. Major POLE

asked the Secretary of State for India whether he can give information showing the total contraction of the currency in India since the 31st March, 1925?

Sir S. HOARE

The total net contraction of the currency in India from 1st April, 1925, to 31st March, 1931, was Rs.101 ½ crores. Since March, 1931, net contraction of the currency has amounted to a further Rs.25 crores approximately.

Mr. MILLS

Can the right hon. Gentleman say if that coincides with the adoption of the gold standard in India?

Sir S. HOARE

That point does not arise out of the question. If the hon. Member wishes to ask a question on the subject, I must ask him to put it on the Paper.