And this feeling was very natural. (c) Excluding balances in Gold Standard Reserve. And in the second place, the Secretary of State’s method of selling exchange results in his dealing exclusively with the Exchange Banks and financial houses, and not directly with the trading public. 3. But this may be very far from the retail shop of the buyer who bought those goods to sell them again in the country. Some of those deposits too are of a peculiar and very distinct nature. All the material facts relative to the English revenue, and the English expenditure, are exceedingly well known; and the amount of the coming payments to and from this account are always, except in war times, to be calculated with wonderful accuracy.
” Lord Rothschild, Sir John Lubbock (Lord Avebury), Sir Samuel Montagu (the late Lord Swaythling) all gave evidence before the Committee that any system without a visible gold currency would be looked on with distrust. On the other hand, India is probably more willing than the Bank of Austria–Hungary to supply gold on demand.