INDIAN CURRENCY.
GOLD STANDARD RESERVE.
By Telegraph Press A i lion—Copyright.
1 Received March 6. 10.55 p.m.)
London, March 6. The Indian Currency Commission recommends that a gold standard reserve should be kept in London, at least half in actual gold. The commission does not encourage the use of gold in India, holding that rupees and notes are a more suitable currency. Indian sentiment and desires for a mint would be no objection provided that the coin minted is a sovereign.
The commission also advises the appointment of an expert commission to examine the question of a State or central bank in India.
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New Zealand Herald, Volume LI, Issue 15551, 7 March 1914, Page 7
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103INDIAN CURRENCY. New Zealand Herald, Volume LI, Issue 15551, 7 March 1914, Page 7
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