The expectation that the government will bring some of its gold to the rescue in extreme

No other bank holds any amount of substantial importance in its own till beyond what is wanted for daily purposes.

It may be added to complete the story, that in August and September 1909 there was a short period of weakness when it was again necessary to offer sterling bills in Calcutta.

This bank received both foreign coin, and the light and worn coin of the country at its real intrinsic value in the good standard money of the country, deducting only so much as was necessary for defraying the expense of coinage, and the other necessary expense of management. │ │Chartered │ 9¼ │ 11½ │ 13¼ │ 12¼ │ 12½ │ 13¾ │ 15½ │ 16¼ │ 18 │ │National │ 6 │ 9 │ 9¾ │ 10¼ │ 10¼ │ 11¾ │ 12¾ │ 13 │ 14 │ │Mercantile │ 1½ │ 2¾ │ 3¾ │ 3½ │ 3½ │ 4½ │ 5¼ │ 5½ │ 5½ │ │Delhi and London│ 1¼ │ 1¼ │ 1¼ │ 1½ │ 1¼ │ 1¼ │ 1½ │ 1½ │ 1½ │ │Eastern │.

As I am chiefly interested in the Indian Banking System, so far as this book is concerned, from the point of view of its effect on the remittance of funds to and from India, I shall be concerned for the most part with what I have called the European Money Market—the Presidency and Exchange Banks.

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