§ Sir F. WISEasked the Under-Secretary of State for India if he can give the note circulation and reserves of gold. silver, securities, and bills of exchange against the notes for the 22nd of May, 1924, and the same date for 1923 in India?
§ Mr. RICHARDSThe statistics required are given in the Table below:
22nd May, 1924. 22nd May, 1923. Lakhs of rupees. Lakhs of rupees. Reserves against note issue: Gold in India 2,232 2,432 Silver in India 7,629 8,325 Government of India securities 5,753 5,753 British Government securities 1,400 585 Bills of exchange 800 — Gross note circulation 17,814 17,095
§ Sir F. WISEasked the Under-Secretary of State for India the variations of the Indian bank rate during the last 12 months?
§ Mr. RICHARDSThe changes in the Indian bank rate during the last 12 months have been as follow:
1923. Per cent. 31st May … … 6 7th June … … 5 28th June … … 4 15th November … … 5 29th June … … 6 20th December … … 7 1924. 3rd January … … 8 14th February … … 9 10th April … … 8 29th May … … 7