COPY OF A MEMORANDUM 635
transferred to the Imperial Banks of India, and, if so, what should be the general terms of the transfer ?
(6) What should be the policy as to the minting of gold in India and the use of gold as currency ?
Should the obligation be undertaken to give gold for rupees ?
(7) By what method should the remittance operations of the Government of India be conducted ?
Should they be managed by the Imperial Bank ?
(8) Are any, and, if so, what, measures desirable to secure greater elasticity in meeting seasonal demands for currency ?
Should any, and, if so, what, conditions be prescribed with regard to the issue of currency against hundis ?
(9) Should any change be made in existing methods for the purchase of silver ?
Note. —The above questions were circulated to witnesses in India. As the result of the oral and written evidence received in India, the relative emphasis to be laid on the various matters dealt with has become clearer, and accordingly the attached memorandum and supplementary list of “Questions to be asked by the Chairman” have been prepared for the information of witnesses.
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