*This balance together with the balance shown against "India, General'' (a) From 1920-21 this represents cash in the Imperial Bank of India to which the undertakings of the was held in the Presidency Bank of Bengal, Calcutta. Presidency Banks of Bengal, Bombay and Madras were transferred as from January 27, 1921. Bank rate reached 10 per cent in August. Continuation of Great War. Heavy coinage of Silver, both home and abroad. Continuation of Great War. The United States declares war against Germany. Armistice with Enemy Countries signed on 11th November. Surrender to Allies of Enemy fleets, arms, etc. Serious political unrest in Russia and Germany. Pittman Silver Act passed in the United States. Peace treaties with Central Powers signed. High Prices of commodities and wide fluctuations in International exchanges. Civil war in Russia continues. General political and labour unrest, 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 depression in Trade. Mint and continental sales continued.. Purchases by U. S. Treasury under Pittman Act completed. Great Earthquake in Japan. Political unrest at home and abroad. Large continental purchases for coinage. Recoinage of British Currency suspended whilst Mint coining for Foreign Countrles. (6) Figures for ten months, January to October, for which statistics are available. (c) Six months, July to December. Represents shipments vid London, Venice and Marseilles. The figures represent the value of the imports of silver coin and bullion registered in the calendar year. |