U.S. RENDERED SERVICE TO INDIA.
• LONDON, Aug. 23. That the United States helped India this year ovtjr one of the most serious financial crises m the history of the British Empire, is the statement made by Sir James Meßton, financial member of the Viceroy's Council. "Probably few people_ m America," be said, "realise how vital to In dja and India's shai^e m tho war, was the legislation passed m Washington releasing layge quantities of silver fott- use m alleviating the currency situation there. For this action, India as well aa the British Empire and the Allies, owe a debt of gratitude to the United States, which it" is hard to Over-estimate). "
Sir James explained that the American legislation to which he referred was the Pittman Act, which provides for the withdrawal of dollars m silver held m reserve by tha United States <i$ security for certain note issues,
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https://paperspast.natlib.govt.nz/newspapers/PBH19181022.2.51.11
Bibliographic details
Poverty Bay Herald, Volume XLV, Issue 14741, 22 October 1918, Page 5
Word Count
148U.S. RENDERED SERVICE TO INDIA. Poverty Bay Herald, Volume XLV, Issue 14741, 22 October 1918, Page 5
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