'REPORT ON THE ADMINISTRATION OF THE BOMBAY PRESIDENCY FOR THE YEAR 1904-1905' [‎161r] (97/116)

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1901-1905.] CURRENCY. 73
on behalf of the Colonial Secretary, Singapore, to 20,364,664 pieces. No fifty cent pieces
were struck during the year.
4. The total revenue inclusive of pro forma charges was Rs. 20,41,207 which includes
j[g t 13,61,265, being a charge of 2 per cent, on the rupee coinage for the year. The total
expenditure including proforma charges was Rs. 10,86,718 or Rs. 3,15,738 in excess of that of
the preceding year.
3. Currency-
For details see tables under XIV—Paper Currency, appended to tire Financial and Commercial Statistics
of British India.
I.—Presidency Circle.
:W ieeP %
oi%ino
S. 2,14,03,244. j,,
i coinage, wait
y Department
The escesi in gA
previous years mitn
},949. The excess iff;
Mofussil Municipal
and in the sectioi cilf
receipts under tie Ik
n^s Rs. 33,20,381,4 :
inland. Under"!
, while receipts totafei
. India receipts aii
ider the latter
: transactions.
icial and
lie in
9.606 in
D inent
•.pu doll arS
ifStr* 8 ® 1
1. The gross circulation on the 31st March 1905 was Rs. 10,76,99,600, which,
compared with the circulation on 31sfc March 1904, viz, Rs. 10,62,88,460, shows an increase
of Rs. 14,11,140. The average monthly net circulation rose from 912 Idkhs to 989 lakhs One lakh is equal to one hundred thousand rupees .
Except in the case of Rs. 10 notes the average monthly circulation of notes of Rs. 100 and
below shows a slight increase over the corresponding figures for last year. There was a steady
increase in the circulation of Rs. 5 notes gained apparently at the expense of the Rs. 10 notes.
The average monthly circulation of notes of higher denomination is in all cases higher than last
year. The circulation of these notes depends largely on the course and volume of trade, and
for the greater part of the year, it was higher both as regards number and value than in the
preceding year. The daily average of Home Circle notes received from and issued to the public has
increased from 12,114 and 12,787 to 14,902 and 14,894. The value of foreign notes encashed
fell to Rs. 2,45,75,075. There was a decrease in the value of encashed notes of all circles save
Calicut, Madras and Rangoon.
2. Defaced coins withdrawn from circulation numbered 10,058 as against 8,779 last year.
3. Receipts of small coin increased by Rs. 4,07,685 to Rs. 11,66,227, while issues fell by
Rs. 53,416 to Rs. 20,77,755.
4. Receipts of sovereigns from the public deducting Rs. 4,96,48,200 received direct from
importers of gold amounted to Rs. 66,84,777 and the issues were Rs. 1,35,89,880, deducting
an export from India of Rs. 13,72,425. The net issue of sovereigns to the public during the
year amounted to Rs. 69,55,102.
5. Silver bullion purchased in England amounted in value to Rs. 1,21,177, which with
the previous balance made up a total of Rs. 54,18,619. Of this, bullion to the value of
Rs. 54,16,410 was coined. For the Special Ingot Reserve - ” bullion valued at Rs. 3,43,96,973
was purchased. Of this, bullion valued at Rs. 1,39,88,411 was coined into rupees Indian silver coin also widely used in the Persian Gulf. and
Rs. 96,24,887 remitted direct to Calcutta.
6. The Nagpur Agency An office of the East India Company and, later, of the British Raj, headed by an agent. ^ which is the only permanent agency An office of the East India Company and, later, of the British Raj, headed by an agent. in the Presidency The name given to each of the three divisions of the territory of the East India Company, and later the British Raj, on the Indian subcontinent. , received
notes valued at Rs, 5,86,000 and issued notes valued at Rs. 6,81,000. At the end of the
year there were 20 temporary agencies, holding balances amounting in the aggregate to
Rs. 58,95,000 in coin and Rs. 5,50,000 in Home and Foreign notes.
7. During the year whole and half notes, lost, mutilated and destroyed, numbered 238
and were valued at Rs. 26,765. Notes numbering 120 pieces valued at Rs. 3,055 were credited
to Government. Orders for payment and investment were passed in the case of notes of the
value of Rs. 120 which were wholly lost or destroyed.
8. New forgeries purporting to be of the Bombay and Calcutta circles of issue of the
C *92 ^ M ’ 2 A ’ an d A 8^‘ series appeared during the year. In three prosecutions two accused
received sentences|of imprisonment and transportation.
II—Karachi Circle.
1. The value of notes in circulation decreased by Rs. 14,89,545 to Rs. 96,25,935.
There was, however, a net increase of 12,285 in the issues of notes of all kinds. Issues
of notes of Rs. 20, Rs. 50, Rs. 100 and Rs. 10,000 decreased by 4,922 pieces, while there was
an increase in the case of all others.
2. There was an increase of Rs. 22,43,605 in the value of Foreign notes encashed, the
total value of such notes being Rs. 1,58,75,140.
3. During the year coins to the value of Rs. 199 were cut and returned to the presenters.
4. Receipts of small silver coin rose from Rs. 1,197 to Rs. 1,873, while issues increased
from R s . 2,13,030 to Rs. 2,26,900.
5. Forty half notes were lost or mutilated as against 62 last year, their value being
Rs. 2,185 as against Rs. 5,095. Seven half or mutilated notes of the value of Rs. 280 were
credited to Government.
6. During the year a sum of Rs. 1,26,45,000 in whole rupees Indian silver coin also widely used in the Persian Gulf. and small silver was
received from the Bombay Currency Office and from the Ajmere Currency chests as against
Rs. 1,11,61,000 in the previous year. Whole rupees Indian silver coin also widely used in the Persian Gulf. and small silver to the value of
Rs. 37,66,000 were remitted to the Sind and Frontier Currency chests against Rs. 55,70,000
in fbe previous year.
b 780—] 9
Chap. V.
FINANCIAL
REVIEW.
Revenue and
expenditure.
Circulation.
Coins withdrawn.
Small silver coin.
Gold coins.
Silver bullion.
Agencies.
Lost and mutilated
notes.
Forged notes.
Circulat’.on,
Foreign notes.
Coins withdrawn.
Small silver coins.
Lost and mutilated
notes.
Remittances.