Money, Banking and Exchange in India (Classic Reprint)

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Excerpt from Money, Banking and Exchange in IndiaAlthough this book was written with the object of explaining the intricacies of Indian Currency and Exchange in language as simple as possible for the enlightenment of the general public, it may, I hope, prove of some use also to college students beginning their courses in economics. It is a matter for gratification that the Government of India has kindly undertaken to offer it to the public at a price which would hardly have been possible through private agency. It should be clearly understood that the opinions expressed are entirely my own, and that publication by the Government Press does not imply that the matter contained in the book has any official status.Several chapters were written in Simla during the summer of 1920, and the remainder during the later months of the same year in Allahabad. Fundamental changes were being made in the currency system as I wrote, and the copy had left my hands for the press before the amalgamation of the Presidency Banks took effect on the 27th January, 1921. These facts must be my excuse for the inadequate treatment of the Imperial Bank, and the relative prominence given to the events of 1920. I regret the delays in proof-reading and in printing which have kept the volume unduly from the public.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.