The Age Of Stars

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Viceroy: Lord Elgin

The Age Of Stars

Silver rupee, Presidency Banks, and money drawn on India from London.

Vol. XXIVThe edition of 1898 · Crown Rule18 records
Viceroy
Lord Elgin
Secretary of State
Lord George

Bank of Bengal rate

8.06%

+0.14 pts on 1897

Bank of Bombay rate

8.29%

+0.42 pts on 1897

Bank of Madras rate

7.8%

−0.18 pts on 1897

Council Bills

₹28.08 cr

+103.3% on 1897

Indian exchange and coinage

Indian Currency Committee (Fowler)

Appointed 1898; reported 1899. Recommended the establishment of a gold standard for India with a gold currency and a fixed gold parity, and the creation of a gold reserve in London out of the profits of coinage. Its appendices (Financial and Statistical Tables, Appendix II) carry the Home Charges, sterling debt, exchange and bullion tables used in this file.

VerifiedOfficial record. Source: Indian Currency Committee 1898 (Fowler), Report and Index and Appendices, HMSO 1899 (archive.org)

Banking

2 items

Indian currency; the gold-standard question

Fowler Committee

Committee on Indian Currency 1898: minutes of evidence (India Office sittings 23 May 1898), analysis, final report 1899

VerifiedOfficial record. Source: dli.ministry.17191; india.history.resource.117708; reportfromcommit0008grea

Home Charges / drain

Naoroji submissions

Dadabhai Naoroji's two statements to the Indian Currency Committee of 1898, the drain arithmetic in primary form

VerifiedOfficial record. Source: statementsubmitt00naor; statementiisubmi00naor

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