STABILITY OF THE EXCHANGE STANDARD 541
Not only did the Government sell reverse councils on a large scale, but it also sold gold for rupees for internal circulation a thing which it seldom did before.
III. R EDEMPTION IN 1920
TABLE XLVIII
| Col1 | Col2 | SALE OF | GOLD | Col5 | Col6 |
|---|---|---|---|---|---|
| No. of Sale | Date of Sale | Minimum Rate of accepted Tenders | Average Rate of accepted Tenders | Quantity sold (in Tolas) | Price of Country Bar Gold in the Bombay Bazaar |
| 1 2 3 4 5 6 7 8 g 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 | 1919. September 3 ” 17 October 6 ” 20 November 3 ” 17 December 8 1920. January 5 ” 19 February 5 ” 19 March 3 ” 17 April 7 ” 21 May 5 ” 19 June 9 ” 23 July 7 ” 21 August 4 ” 19 September 1 ” 14 | Rs. A. p. 25 8 0 24 8 0 25 8 0 26 15 3 27 14 6 26 15 0 26 0 6 26 4 3 26 13 3 25 2 3 16 2 3 18 8 0 21 6 0 22 7 3 23 7 4 20 13 3 21 0 3 21 8 9 20 14 10 21 1 4 22 0 1 22 5 6 23 9 4 22 8 3 23 9 4 | Rs. A. P. 26 12 1 24 10 0 25 9 8 27 0 2 27 15 6 27 0 11 26 4 6 26 7 9 26 14 7 25 9 7 21 9 1 18 12 4 21 7 7 22 9 4 23 8 6 21 3 2 21 1 7 21 9 8 21 0 5 22 2 2 22 0 11 22 6 3 23 10 2 22 10 8 23 12 11 Total | 3,29,130 3,96,640 3,26,000 3,34,000 3,25,000 5,18,500 10,00,650 7,63,300 8,00,000 7,56,450 9,60,590 12,96,125 12,53,325 12,46,200 10,68,175 11,96,750 12,46,050 11,32,350 12,25,250 12,81,500 12,42,000 12,78,950 5,54,500 8,27,700 2,30,500 | Rs. A. P. 28 10 0 26 1 0 27 0 0 28 0 0 28 5 0 28 2 0 27 10 0 27 3 0 27 5 0 25 6 0 23 4 0 21 7 0 22 13 0 24 0 0 24 4 0 21 8 0 21 12 0 22 2 6 21 8 0 21 6 0 22 5 0 22 7 0 23 7 0 23 1 6 23 8 0 |
| 2,15,89,635 |
During 1920 no council bills were drawn by the Secretary of State on the Government of India.