Viceroy: Lord Curzon
Silver rupee, Presidency Banks, and money drawn on India from London.
Bank of Bengal rate
5.34%
−0.57 pts on 1899
Bank of Bombay rate
5.34%
−0.54 pts on 1899
Bank of Madras rate
5.87%
−0.18 pts on 1899
liquidated
Final liquidation of the Agra Bank, the Indian successor of Agra and Masterman's.
ReportedPeer-reviewed. Source: Wikipedia, 'Agra Bank' (accessed 2026-09-29), citing Stuart Muirhead and Edwin Green, Crisis Banking in the East (Ashgate, 1996) - the monograph itself was NOT seen (en.wikipedia.org)
Gold Standard Reserve (London)
The India Office Ways and Means show gold remitted from India to England for the Gold Reserve Fund of £3,967,362 (1900-01), £1,001,995 (1901-02), £497,207 (1902-03) and £3,997,128 (1903-04), Indian gold physically moving to London.
VerifiedOfficial record. Source: Statistical Abstract 39th number, table 72 (dsal.uchicago.edu)
Madras, Bombay, NW Provinces, Punjab
Madras and Bombay revenue settled directly with the ryot (cultivator) on a periodically revised assessment; North-Western Provinces and Punjab settled village-by-village (mahalwari) under Regulation IX of 1833 and the Punjab Land Revenue Act 1871/1887. Assessment revised at 20-30 year intervals, in principle to one-half of the 'net assets'.
ReportedOfficial record. Source: Report of the Indian Taxation Enquiry Committee 1924-25 (Todhunter), dli.ministry.20954
