HC Deb 08 October 1924 vol 177 cc522-3W

asked the Under-Secretary of State for India the amount of gold that India has bought in Britain in 1924, and also the amount that India has bought in New York in 1924?


Figures distributing Indian gold imports among countries of origin are available only for the first seven months, January to July, of 1924. During this period of gold imports valued at approximately Rs. 17 crores, the value of the imports from the United Kingdom and Natal* was Rs. 11¾ crores, approximately. During the same period no gold was imported into India from the United States.

*The Natal figures are included as it is understood that South African gold is bought through London.

August imports of gold (the latest month for which statistics are available), amounted to Rs. 4 crores, but, as explained above, the details of distribution among countries are not yet to hand. It is understood that some gold was bought for India in New York a few weeks ago, but details are not yet available. The above figures concern imports on private account, no Government purchases having been made in the period.

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