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

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

_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

An examination of the chart shows that the Indian Money Market enjoys years of high and low average rates respectively, just as other markets do. This unwillingness was due to a variety of causes. An idea prevails (as I believe) at the Bank of England that they ought not to advance during a panic on… Poursuivre la lecture Gillan) and for 1911–12 (written by mr