HC Deb 22 January 1913 vol 47 c435W
Mr. FIELD

asked the Under-Secretary of State for India whether he is aware that the Stock Exchange speculation in 1893, based on the Anglo-Indian rupee legislation of that year, ended in a financial panic with a depreciation of securities on the London Stock Exchange of £72,000,000, and that a bear operation in 1894 between New York and London in the exchanges caused the Indian Government to lose over £1,000,000 sterling in their exchange estimates; and whether he will, with the Board of Trade, initiate legislation in order to protect India and Britain in the future from these bull and bear gambling operations in silver and in the exchange?

Mr. H. BAKER

I am unable to verify the statements made in the first and second parts of the question. As regards the third part, I would refer the hon. Member to the answers that I gave on 10th December and 7th January.