was held in the Presidency Bank of Bengal, Calcutta. Presidency Banks of Bengal, Bombay and Madras were transferred as from January 27, 1921. (a) Figures not available. (e) 6 months, July-December. China Loan of £25,000,000. Indian Govern ment bought £5,500,000 silver. Failure of Indian Specie Bank. Civil War in Mexico. Outbreak of Great European War and conse quent disorganization of Money and Stock markets. Record home coinage of Silver. Bank rate reached 10 per cent in August. Continuation of Great War. Heavy coinage Armistice with Enemy Countries signed on British subsidiary coinage reduced to 500 fine. Heavy Continental sales of demonetised silver. Latin Union dissolved. Value of Rupee fixed at 11:30016 grains gold. Worldwide depression in trade. Indian Silver Import duty remitted. Continental sales continue. British Mint commences selling surplus silver from debased coinage. Financial crisis in China. Sales of surplus silver by Mint, and Continental sales continue. Great increase in Indian demand for Gold. Heavy fall in the German Mark. Sterling exchange on New York appreciates. Continued depressio: in Trade. (b) Figures for ten months, January to October, for which statistics are available, Represents shipments via London, Venice and Marseilles. The figures represent the value of the imports of silver coin and bullion registered in the calendar year, No. 121.-EXCHANGE on LONDON, BANK of ENGLAND RATE of DISCOUNT and BANK of BENGAL RATE of INTEREST. At the close of the month. Where more than one figure is entered, it will be assumed that these are the rates ruling on different dates of the month. Nominal, Banks only buying ready bills against cover. No. 121.-EXCHANGE on LONDON, BANK of ENGLAND RATE of DISCOUNT and RATE of INTEREST-contd. BANK of BENGAL + Where more than one figure is entered, it will be assumed that these are the rates ruling on different dates of the month. On January 27, 1921, the undertakings and business of the Bank of Bengal were taken over by the Imperial Bank of India. |