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The advantage of introducing 1,000,000 in species irrespective of the increase of the silver reserve of the Colony, is that it will allow the issue of another million notes by exchange with the Commissioners of Currency, and release 500,000 rupees for investment by the trustees of the Commissioners of Currency. This sum and that of 176,000 mentioned above, altogether 676,000, would bear interest probably for two or three years, if no export of specie took place this year, and if, as expected, the next crop realises a large surplus over the last two crops.

GEORGE R. DICK,

Auditor-General.

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the way, so that your remittance would bear on November and December last and prospective payments at the rate of Rs. 30,000 per mensem.

January 19, 1903.

(Annexure D.)

VICTOR SINGERY,

Head Accountant.

(Annexure A.)

JAMES J. BROWN,

STATEMENT of Money Order Exchanges between India and Mauritius for the Fourth Quarter of 1902.

Receiver-General.

G. LUMGAIR,

CREDIT OF INDIA.

Collector of Customs.

Rs.

Money Orders issued in Mauritius and

Rodrigues on India Half Commission on above

26,485.89

CREDIT OF MAURITIUS.

Money Orders issued in India on

Mauritius

RB.

4,409.50

132.42

Commission per cent.

Void Orders

Total

26,618.31

Balance due to India

Total

22.01 590:00 21,596.77

26,618.31

MON CHER MR. BROWN,

The Mauritius Commercial Bank, Port Louis,

Mauritius, 23 Janvier, 1903. En réponse à votre lettre du 21 du courant, je regrette de vous dire que mon Board ne peut consentir à augmenter l'affaire déjà faite de Rs. 500,000 en T/t (wire) du Gouvernement sur Bombay.

Nous pensons que le Gouvernement n'a d'autre alternative que l'introduction des espèces afin de faciliter les transactions et aplanir les difficultés du moment.

Croyez moi, &c.,

MÉE GOUPILLE,

Secretaire.

January 19, 1903.

(Annexure E.)

SPECIE IN THE COLONY.

L. MARTIN,

Colonial Postmaster.

wadada.com

In Circulation.

Imports.

Exports.

In Circulation.

Remarks.

Rs.

Rs.

Rs.

Ra.

(Annexure B.)

1897

5,000,000

-

STATEMENT showing the amount at the disposal of the Commissioners of Currency for investment under Ordinance No. 28 of 1876.

1898

4,688,880

*1,805,015

7,883,865

• Including

1898

7,883,865

On 21st January, 1903:-

1899

984,623

*300,000

8,568,488

Rs. 300,000

exported

by Indian

passengers

and others.

Amount of notes in circulation

Rs. 4,642,250

1899

8,568,488

Amount of specie in vault

2,498,000

1900

:

4,332,000

*300,000

12,600,488

Amount which can be invested under the Ordinance,

half of Rs. 4,642,250

1900

12,600,488

Amount invested at this date

Rs. 2,321,125 2,144,250

1901

1,200

*1,334,000

11,267,388

Amount available for further investment ... Rs.

1901

11,267,388

175,875

1902

1

1,347,990

*4,397,000

8,218,378

January 23, 1903.

(Annexuré C.)

HEAD ACCOUNTANT to RECEIVER-GENERAL.

The last draft paid on account of India was for the repayment of their September outlay (V/512/12, Rs. 10,110.4.9). I daresay their October draft is, by this time, on

19234

JAMES J. BROWN,

Receiver-General.

VICTOR SINGERY,

Head Accountant.

I

PUBLIC RECORD OFFICE

། ༴། ་། ། ་། །

Reference :-

C.O. 882

8 PUBLIC RECORD OFFICE, LONDON

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO

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