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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 and if, as expected,

year, the next crop realises a large surplus over the last two crops.

GEORGE R. DICK,

65

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.)

Auditor-General.

JAMES J. BROWN,

Receiver-General.

G. LUMGAIR,

Collector of Customs.

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.

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

CREDIT OF INDIA.

**

Rs.

26,485.89 132.42

CREDIT OF MAURITIUS.

Money Orders issued in India on

Mauritius

Rs.

***

4,409.50

Void Orders

26,618.31

Commission per cent.

---

Balance due to India

Total

22.04 590:00 21,596.77

26,618.31

Money Orders issued in Mauritius and

Rodrigues on India ... Half Commission on above

Total

January 19, 1903.

(Annexure E.)

SPECIE IN THE COLONY.

L. MARTIN,

Colonial Postmaster.

In Ciroulation.

Importa.

Exports.

In Cironlation.

Bemarks.

Rø,

Rs.

Rs.

Rs.

(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 Rs.

300,000

1898

7,883,865

On 21st January, 1903:—

1899

984,623

*300,000

8,568,488

exported

by Indian passengers

and others.

Amount of notes in circulation

*

Amount of specie in vault

Rs. 4,642,250 2,498,000

1899

***

8,568,488

1

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

I

Amount invested at this date...

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

1901

1,200

*1,334,000

11,267,388

1901

Amount available for further investment ... Rs.

***

11,267,388

-

176,875

1902

1,347,990

*4,397,000

(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

January 23, 1903.

19234

8,218,378

JAMES J. BROWN,

Receiver-General.

VICTOR SINGERY,

Head Accountant.

दु

PUBLIC RECORD OFFICE

Reference :-

། །

C.O. 882

8

}

I

$

PUBLIC RECORD OFFICE, LONDON |ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-

COPYRIGHT PHOTOGRAPH-NOT TO

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