'ANNUAL REPORT OF THE ADMINISTRATION OF THE BOMBAY PRESIDENCY, FOR THE YEAR 1908-1909' [‎83r] (27/132)

SUMMAKY.
xxi
1908
.1909.]
The coinage of silver was very much reduced in the year and onlv Mint
1 crore Equivalent to ten million, or one hundred lakhs. Used especially in connection with money (rupees). of rupees Indian silver coin also widely used in the Persian Gulf. were struck compared with 10f crores in the previous vear and
over 16 crores in 1906-1907. The coinage of nickel was also less by 39 per cent.
[[he value of gold bullion and coin tendered in exchange for rupees Indian silver coin also widely used in the Persian Gulf. fell from
567 lakhs One lakh is equal to one hundred thousand rupees in the previous year to 51 lakhs One lakh is equal to one hundred thousand rupees in the year under review. Owing to
t he reduced operations both the revenue and the expenditure were considerably
smaller, and the net balance against the Mint fell from 9 to lakhs One lakh is equal to one hundred thousand rupees . ' *
43. 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. Circle the depression of trade was reflected in a Currency
smaller average monthly circulation of all denominations of notes except those
0 f Bs. 16. Even the universal five-rupee note did not maintain the increasing
popularity which it had obtained in recent years. Nevertheless, it continued to
be in great demand for the payment of wages, and employers of labour took
76 per cent, of the issues.. Deducting notes held in the Revenue Treasury, the
average monthly circulation of all notes fell by 132 lakhs One lakh is equal to one hundred thousand rupees or 12 per cent.
Beceipts of sovereigns from the public showed a large and issues a still larger
decrease, tbe result being net receipts of 23 lakhs One lakh is equal to one hundred thousand rupees in place of net issues of
119 lakhs One lakh is equal to one hundred thousand rupees during tbe previous year. In the Karachi Circle the number of notes
in circulation was fewer, but the total value rose by 53 lakhs One lakh is equal to one hundred thousand rupees , entirely on account
0 f the much larger number of ten-thousand rupee notes in circulation. The
recurring increase in this denomination is again explained by the extended use
of telegraphic transfers which was necessitated by the tightness of the money
market.
44. Except in the Southern Division, where the unsatisfactory season Land Revenue,
resulted in a falling off in both the demand and the collections, the year on the
whole was decidedly more favourable than 1907-1908 and permitted considerable
progress to he made in the collection of arrears, while fresh suspensions and
remissions were comparatively limited. Accordingly the final land revenue
demand, standing at crores, was larger by nearly 13 per cent, than in the
previous year, suspensions being excluded in both cases. The collections showed
a more than proportional improvemeut and rising by over 15 per cent amounted
to 94 per cent, of the demand, compared with a ratio of 92 per cent, in 1907-1908.
The Central Division was responsible for 46 per cent of the arrears, while the
Northern and Southern Divisions and Sind claimed 19, 13 and 22 per cent,
respectively.
45. The receipts of the Bombay Custom House fell only slightly behind
the record figures of the previous year. The decline was confined to import
duties, which formed over 96 per cent, of the total receipts. Owing to the better
nee crop the export duties on rice and rice-flour showed an improvement of
47 per cent. The percentage of expenditure on net collections rose from 3f
to 3f.
The net receipts again rose by 6J lakhs One lakh is equal to one hundred thousand rupees or 11 per cent, in spite of a fall of
nearly a lakh One lakh is equal to one hundred thousand rupees under export duty which reflected the trade results of the year.
Reduced imports of electrical appliances for the Cauvery Works in Mysore
a nd smaller exports of rice on account of the unfavourable crop above-ghdts
ogetlier resulted in a decrease of 21 per cent, in the receipts on the Portuguese
r ontier. Those on the Kdthiawdr Erontier also showed a small decline which
Was traceable to the influence of the Sinvhast year.
Sea Customs.
Bombay.
Karachi and
Sind Ports.
Land Customs-
^ 46. i u consequence of the limitation placed by Government upon exports Opium.
. °P lu tti to China there was much competition during the year to secure
Priority of right of export by priority of payment of duty, and duty was in facfc
Paid in advance on almost the whole quantity which could be exported during
* 1023—6 s