HC Deb 09 December 1912 vol 45 cc70-1W

asked the Under-Secretary for India whether he is aware that gambling in options and futures of silver has been carried on in London since 1888, and in Calcutta and Bombay during the past ten years; and whether he can state that, since these systems have been introduced, its value has been solely regulated by the gambling operations of bulls and bears in England and in India in ficititious silver with a result of over 50 per cent, depreciation in its price?


The Secretary of State is not in a position to say whether operations in silver properly to be described as gambling have been carried on in London, Calcutta, and Bombay for the periods stated. He is inclined to doubt whether the price of silver can have been solely regulated for so considerable a period by such operations.