It appears that the Indian Tres sury: has silently acquiesced in the discontinuance of silver sales long: us the present low levels prevail. The discussion of this important topic was brought up once more in the Indian Legislative Assembly on September 4, when Mr. N. C. Kelkar asked the followin pertinent questions:
(a) Will Government state the amount of silver sold by them India and Englaid in the years 1927, 1928 and 19292 (b) Will Government state when ther the amount realized from time to time by the sale: of silver in India or England, was in each case used for the immediate purpose of baying "gold bullion" or otherwise building up the Gold serve? If so, what was the amount -of gold or gold security died to the reserve in each ease by each purchase?
After drawing tention to the answer given to similar questions two previous occasions, the Minister of Finance, Sir George Total note June 1927. vast August 22, 3920" i672
This means that the note issue has been expanded by about 13% crores, the holdings in gold has been increased by two crores, and the holdings in silver have been increased by just over three crores.
Asked whether he would give the undertaking to invest all future proceeds from the sale of silver for purchasing gold bullion, and not gold securities, Sir George Schuster replied that it was very difficult for him to give a categorical undertaking of that kind.
A.D. 1866 in the Hongkong mint, where; altogether, about. 2,- (000,000 coins were struck. As the Piece was three grains lighter than the Mexican dollar, the Chinese mercantile community did not wel come the venture, a fact which in-Guced the Hongkong Government to dismantle the mint and sell it to
Text read from the printed page and cleaned; old type leaves the occasional error.