§ Major POLEasked the Secretary of State for India the total contraction of currency by the Government of India against sterling securities that has taken place during the present financial year; and if he will give figures showing the 54W total contraction of the currency against sterling securities in each year since 1926?
§ Mr. BENNThe net withdrawals of sterling securities from the Paper Currency Reserve in each of the financial years since 1926–27 were as follow. I give the figures in millions of pounds sterling:
1926–27 … 23.4 1927–28 … 3.8 1928–29 … Minus 2.6 1929–30 (9 months). … 9.5