 | American periodicals - 1899 - 862 pages
...undertake to give gold for rupees without limit," say the committee, "but you must make your gold reserve freely available for foreign remittances whenever the exchange falls below specie point ; you must make it available under such conditions as the circumstances of the time may render desirable.... | |
 | Asia - 1899 - 926 pages
...some measure of support from the committee, who are of opinion that the Government of India should not be bound by law to part with its gold .in exchange for rupees or for merely internal purposes, and regard "as the principal use of a gold reserve that it should be freely available for foreign remittances... | |
 | Alakh Dhari - Currency question - 1915 - 280 pages
...special reserve, entirely apart from the Paper Currency Reserve and the ordinary Treasury Balances We regard it as the principal use of a Gold Reserve...whenever the exchange falls below specie point ; and the Governemnt of India should make its Gold available for this purpose when necessary, under such conditions... | |
 | S. V. Doraiswami - Banks and banking - 1915 - 276 pages
...wisdom, of the recommendation of the Committee of 1898 that the principal use of a Gold Keserve is that it should be freely available for foreign remittances whenever the exchange falls below specific point. But it is fair to add that the Committee of 1898 themselves seem to have believed that... | |
 | George Findlay Shirras - Banks and banking - 1920 - 528 pages
...the result of this recommendation. The use of this reserve was thus stated in a following paragraph : Although the Government of India should not, in our...its gold available for this purpose, when necessary, under such conditions as the circumstances of the time may render desirable. For example, the Government... | |
 | Brij Narain - Currency question - 1922 - 592 pages
...reserve was to be used for maintaining, exchange in the manner explained in the following, passage: — " Although the Government of India should not, in our opinion, be bound in law to part with its gold in exchange for rupees, or for merely internal purposes, we regard it... | |
 | Bhimrao Ramji Ambedkar - Currency question - 1923 - 368 pages
...reserve, entirely apart from the paper-currency reserve and the ordinary Treasury balances " [and be made freely available for foreign remittances whenever the exchange falls below specie point]. Taking the two recommendations of the Committee together, where is the departure ? What the Government... | |
 | Brij Gopal Bhatnagar - Currency question - 1924 - 154 pages
...Treasury Balances." The use to be made of this reserve is indicated in the following passage : — " Although the Government of India should not, in our...should be freely available for foreign remittances when the exchange falls below specie point, and the Government of India, should make its gold available... | |
 | Chandulal Nagindas Vakil, Sumant Khanderao Muranjan - Currency question - 1927 - 576 pages
...willing toimpose a legal obligation on the Government to give gold for rupees, but they observed that " we regard it as the principal use of a gold reserve...its gold available for this purpose, when necessary, under such conditions as the circumstances of the time may render desirable".1 With reference to the... | |
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... freely available for foreign remittances whenever the exchange falls below specie point ; and the Government of India should make its gold available for this purpose, when necessary, under such conditions as the circumstances of the time may render... 
