The Government announces the removal of restrictions on gold bullion and foreign coin from June 2ist and the introduction of legislation altering the value of the sovereign from 15 to 10 rupees.
Pending the alteration, the Gov. ernment are demonetizing the sovereign which, however, will continue at the exchange rate of 15 rupees for 21 days. The Government have also notified that "reverse councils'? which is the Indian juivalent of India Council bills will be altered on June 24 to 23 19/32 pence per rupee for immediate rates and 23 11/32 pence for deferred rates.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.