HC Deb 26 March 1914 vol 60 c569W

asked the Under-Secretary of State for India what portion of the bills and transfers in India sold by the India Office during the last twelve months, realising £30,700,000, represented the Home charges; for what purpose was the balance required; and, if to purchase silver bullion, how much is accounted for under that head?


Of the sum of £31,200,000 (approximately) now expected to be realised by the sale of Council drafts in 1913–14, £21,650,000 is the amount budgeted for towards meeting Home charges (on account of revenue, capital and miscellaneous purposes) in 1913–14; £1,415,700 represents additional Home expenditure in 1913–14 on capital account, including discharge of debt; £4,528,200 represents payments for silver purchased; and £2,150,000 a remittance from India of profits on the coinage of rupees to be added to the Gold Standard Reserve. The balance is to be used towards meeting the Secretary of State's general requirements after the 31st March, 1914.