§ Mr. HANCOCKasked the Under-Secretary of State for India what the imports of gold and silver into India, and
IMPORTS INTO INDIA OF GOLD AND SILVER COIN AND BULLION AND THE IMPORT DUTY THEREON. Calendar Year. Gold. Silver. Value of Imports on Government and Private Account*. Value of Import on Government and Private Account. Amount of Import Duty.† Lakhs of rupees. Lakhs of rupees. Rupees. 1917 … … … … 31,79 24,34 19,07,940 1918 … … … … 3,80 52,44 860 1919 … … … … 14,53 51,84 2,470 1920 … … … … 54,93 5,58 800 1921 … … … … 10,81 17,11 — 1922 … … … … 30,20 19,23 — * There has been no import duty on gold. From 29th June, 1917, to 21st June, 1920, all gold imported into India was subject to acquisition by Government at a stated price, based on the exchange value of the rupee. † Import duty at the rate of 4 annas per ounce was levied on silver coin and bullion imported on private account except current silver coin of the Government of India and antique silver coins and medals, during 1917, 1918, 1919 and 1920 to 2nd February, 1920, when the duty was abolished. The import of silver on private account was prohibited, except under licence, from 3rd September, 1917, to 2nd February, 1920.