The Archive · 1927

India and Silver

The off-take of silver at Bombay hus, during recent weeks, been comparatively" small, averaging—100) Uars a day. During this time of the year the off-take should average double that quantity. It remains te be seen whether the consumption silver will improve, now that the holidays are passed and favourable crops have been gathered.

The persistent rumour about the ale in, New York of 2,000 bars silver by the Indian Governmen faas ¢o far found no confirmation may be considered as unfounded.

The discussion of the Reserve! Bonk Bill, which was defeated on September 19 at Simla, may core up again in January. Whether it wi for-not, as well as the composition fof its principal features, depends!

Text read from the printed page and cleaned; old type leaves the occasional error.

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