The maximum absorption in the october to december quarter was 11·39 lakhs in 1905–6, and the

This is due to the fact that the Government Treasuries, the Presidency Banks, and possibly other banks and large merchants, use the notes as a convenient method of avoiding the custody of large quantities of silver during the slack season when rupees are not wanted. When, therefore, we are considering to what extent the Government… Poursuivre la lecture The maximum absorption in the october to december quarter was 11·39 lakhs in 1905–6, and the

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The effect of these successive changes has been to make the old system of circles virtually

Mr. Mr. Accordingly, in every panic these sums are sure to be called in from the bill-brokers; they were wanted to be used by their owners in time of panic, and in time of panic they ask for them. The government of the Bank should be improved in a manner to be explained. His time… Poursuivre la lecture The effect of these successive changes has been to make the old system of circles virtually

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‘the demand in this case arose in the most effective of all ways

_Jhang. During the eventful weeks in November 1907, when the Bank of England rate stood at 7 per cent, the Bank of Bengal rate did not rise above 6 per cent. What part of this total is employed for ornament, what part for hoarding, what part is melted down, and what part is left truly… Poursuivre la lecture ‘the demand in this case arose in the most effective of all ways

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