New Delhi, Feb. 10.
The Legislative Assembly to-day passed a resolution in favour of the adjournment of the Reserva Bank Bill die.
The Opposition attacked the Government for an hour over its failure with the Bill, Mr, Jamnadas Mehta said that the country would heave a sigh of relief at the death of the Bill, The pundit, Mr, Malaviya, eriticized the present financial whereby, he declared, three hundred millions of people are subject to the control of one man six hundred miles distant.
Mr. Lajpatrai said that the Government should be warned by thiel lesson not to try to rule the country by officials and nominated members against the will of the people.
—Reuter.
Bombay, Feb. 10.:
Following the Government's withdrawal of the Reserve Bank Bill there was considerable specula tion to-day in Imperial Bank shares, which rose 100 points.
There is no doubt that commercial circles in India want a reserve bank and that the opportunity of India to attain financial autonomy has been sacrificed to political motives.
Text read from the printed page and cleaned; old type leaves the occasional error.