Proposed New Measure Dropped by Government New Delhi, Feb. 6.
Speaking in the Legislative Assembly to-day Sir Basil Blackett, the Finance Member of the Govern ment, said that the Government bowed to the ruling of the Chair with regard to the Reserve Bank Bill. It had not been aware that its proposal to proceed with a new DAL would be regarded as irregular. The new bill was published to enable the people to be acquainted with the Government proposals. The old bill, accordingly, would be considered this week.
Government Defeated by One Vote Feb. 8.
In the discussion to-day of the Reserve Bank Bill in the Legislative! Assembly, Sir Basil Blackett, the Finance Member of the Government, repeated his previous _warniny against the Assembly trying to force unacceptable amendments on the Government. He said that in no circumstances would the Government support a bank whose directors were selected by the Legislature.
Subsequently an amendment to delete the provision for the election of three of the directors by the Legislature, one of whom was to present commerce and industry, defeated. Later, however, division en Clause 8 providing for the appointment of the directorate, resulted in {9 votes being east for and 49 against, but beta: the result sas bawled to the Pees mated "hat one of the menibers who had refused to vote in the lob4' had changed his mind and wished ro vats against the clause, The Fresident allowed the vote, ard th. turned the ables against the Govern. whether the Iouse weed the Lith ard the House adjoorzede The Measure Dropped Feb. 3.
The Government has decided to @rop the Reserve Bank Bill alto-ether.
'This decision ends for the! present the hopes of transferring the control of Indian finance from England to India, for which Sir Bani' Blackett has worked very The action of the Opposition in wrecking the Bill is largely attributced to the excitement caused by the arrival of the Simon Commission.
understood that Sir Basil Balekett has declined the request of several members of the Executive Council to introduce a new Bill.
Sir Basil is leaving India shortly on a visit to China and Japan—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.