'ANNUAL REPORT OF THE ADMINISTRATION OF THE BOMBAY PRESIDENCY, FOR THE YEAR 1909-1910' [‎198r] (127/148)

]909
.1910-3
MINT—CUEHENCY.
83 Chap. V.
FINANCIAL
REVIEW.
Silver coinage.
Silver Branch of the
Gold Standard
Reserve.
Nickel coinage.
Revenue and
expenditure.
Is inety-seven Ukhs seventy-one thousand three hundred and ninety-seven whole rupees Indian silver coin also widely used in the Persian Gulf.
track during the year on (Government account. Five millions nine hundred forty-nine
were d one hundred and forty-two British dollars were issued to Exchange Banks for
tbousan Eleven millions and eighty thousand ten-cent and 2 , 000,000 five-cent pieces were
e ^pped to the Colonial Secretary, Singapore.
4 , rji w0 crores of rupees Indian silver coin also widely used in the Persian Gulf. were withdrawn by the Paper Currency Department, Bombay,
» silver Branch of the Gold Standard Reserve, leaving a balance of two crores in the
from tm®. ,
Bofflbay
- Twenty-four millions and eight hundred thousand one-anna pieces of the value of
„ -i c 000 were struck during the year.
JlS* J
The total revenue including pro/cma receipts was Rs. 4,97,8^5. The total expendi-
was Rs 9,10,^75, the year closing with a balance against the Mint of Rs. 4,12,750.
3. Currency.
For details see tables under Paper Currency/published iu Part IV (a) of the Statistics of British India.
I.—Presidency Circle.
1 The gross circulation on 31st March 1910 was Rs. 14,20,00,800 which compared with circulation.
, ,p* cu l a tion on the corresponding date last year shews an increase of Rs. 4,09,34,545. The
^ thlv average circulation of notes nci exceeding Rs. 100 in value shews a steady increase
m °er the circulation of 1908-1909, due no doubt to return to prosperity after a year of depres-
° n in trade. Eive-rupee notes are in large demand by mill-owners, etc., for payment of wages.
S° if nf „ total of 21,21,425 issued they took 17,69,461. The monthly average circulation of
notes above Rs. 100 in value increased in value from Rs. 5,71,82,916 to Rs. 8,12,76,291, the
increase being most marked in the case of notes of Rs. 10,000 due to the operations of the
Reserve Treasury. The net circulation in Idkhs of rupees Indian silver coin also widely used in the Persian Gulf. after deduction of notes held in the
Reserve Treasury was 13,08 against 9,45 in the previous year. The average number of Home
notes received and issued on each working day was 20,988 and 23,005 respectively against
17 951 and 18 990 for last year. Encashment of notes of foreign circles decreased by 1-4 crores.
This fall may be expected to continue owing to the facilities offered by Telegraphic Transfers.
2. Shroff-marked and uncurrent rupees Indian silver coin also widely used in the Persian Gulf. and rupees Indian silver coin also widely used in the Persian Gulf. of 1835 and 18« withdi-awn from Coin, withdrawn,
circulation during the year respectively number as follows ;-427; 56,550; 10,063 j 2,83^701
The number of light-weight coins cut and received on payment was 2,44,173, the nuinber
of those cut and rejected was 1,574 and the number of counterfeit coins was 2,574 against
3,008 last year.
3. Receipts of small silver shew a decrease of Rs. 68,669 in value.
Rs. 2,26,342.
Issues increased by Exchange of small
silver.
Receipts of sovereigns from the public deducting Rs. 10 , 20,03 150 received direct G.M coin and
horn importers of gold amounted to Rs. 2,93,407 and issues wem valued at Rs * *
No sovereigns were issued to exporters oi gold. Net issues of sovereigns o p .. ^
the year amounted to Rs. 1.05,63,960 against net issues of Rs. I,19,o3,350 in the preceding
year.
5 . No silver was purchased for coinage into rupees Indian silver coin also widely used in the Persian Gulf. during the year.
6 . In the course of the year 5 new agencies were established and 6 agencies were cW Agencies.
At the end of the year there were 21 chests in existence J n and notes.
Nagpur), holding balances amounting in the aggregate to Rs. ^ lli
7 . Eifty-one whole notes and 404 half-notes were lost or mutilated, ^efal value being Lo^nd mutiiated
Rs. 22,275. ^ Two hundred and ninty-five half-notes were lost m the
decrease in the number of pieces lost and mutilated of 171 compared with the pre^edm,, y
There was no loss to the Department on account of payment or suer notes.
8 . There was no ease of attempt at fraud during the year ^wasSvered amd five FraUd3
year the accused have been discharged or acquitted. One new foigory
forged notes were sent to the Currency Office for disposa .
. 9. Remittances of gold and silver coin to other centres aggregated Es. 3,05,48,000 and
Omittances from other centres to Bombay amounted to Rs. , > ' j
H.—Karachi Circle.
1. The number of notes in circulation increased hy l55 365 but » case ^ ^"^ease
1,000 and under. Issues of notes of Rs. 10,000 decreased by 1,003. ine numb;r
of ,Ks. 50,10,060 in the total value of notes ,n circulation due to the fact^t ^ ^ ^ ^
E s- 10,000 notes in circulation were rweived back owi go. ared witll Rs , 2,34,32,365
notes outstanding on 31st December 1 OOO was R^ . O OO^ ^ ciro i e notes aggregate
U the corresponding date of the previous year. Enca.bme t
Circulation