The "Times of India"? thus comments upon a recent banking amalgamation:—The big London joint stock banks are turning their gaze to the profitable business in the Indian money and exchange markets and the vast resources of the London money market will uow be more at the disposal of India. But the difficulty in the way of the employment of London's resources for the benefit of India is the keeping of the official exchange standard of India at 2/0 gold for the rupee, whilst the actual rate is near }d.... The London joint stock banks will find the exploitation of the Indian money and exchange markets difficult until the movements of money to and from London are rendered automatic as before the war."
Text read from the printed page and cleaned; old type leaves the occasional error.