DOI Page / Citation link:
https://doi.org/10.11588/diglit.34368#0533
A.D. 1818.]
REGULATION XIV.
523
formerly granted to them by the Mahratta Government, under the provi-
sions of Regulation XII. 1805, the amount of such nankar allowance shall
be deducted from the malikana to which they are by this section declared
to be entitled.
A.D, 1818. REGULATION XIV.
A REGULATION /or ^ Ni{%72A77*6? of Nfcca 77777/
(7oM Afo^MT", 7772 f/ /b'7' y227^A^2* 777 07/2^/272g ^07720 of ^6 A22A.S 772 ^07*00
7^p00^272^ ^Ao.S'O 6b272.S' ; PASSED fg ^/70 Go21^7*72727'-6fc72e7'22/ 277 UoM72C2f 077
/Ag 24^A Deco7?2&?', 1818.
THE high standards established for the gold mohur and $2000 rupee,
having been found productive of many inconveniences, both to individuals
and the public, inasmuch as they are ill calculated to resist the wear and
defacement to which coins are necessarily exposed, and as they are only to
be obtained by having recourse to the expensive process of refining,
diminishing consequently the productiveness of most of the sorts of bullion
imported into the Company's territories ; and it being desirable also that as
much uniformity as can be established between the currencies circulating
at the different. presidencies should be introduced, consequently that an
approximation of the standard of the Calcutta coins to the standard of
those current at Madras and Bombay should be effected, it has been
resolved to rescind the provisions of former Regulations relative to the
standard of the gold mohur and nineteenth sun 32cc% rupee, and to coin in
future money of the proportions hereafter to be specified.
As a reduction in the value of the 32*cc% rupees, from its being in great
measure the money of account,both in private and public transactions, v?ould
necessarily change the terms of all existing contracts, and might be pro-
ductive of embarrassment and trouble, it has been determined to leave the
rupee unaltered in this respect; and the new Calcutta rupee will
consequently contain the same quantity of fine silver as that heretofore
struck ; and, being of the same intrinsic value, will circulate on the same
terms. The mint proportions of silver and gold being, it is believed,
inaccurately estimated at present, and it being also desirable that an
uniformity in this respect should be introduced at the three presidencies
of Calcutta, Madras, and Bombay, it has been thought advisable to make
a slight deduction in the intrinsic value of the gold mohur to be coined
at this presidency, in order to raise the relative value of fine gold to fine
silver, from the present rates of 1 to 14*861, to that of 1 to 15. The gold
mohur will still continue to pass current at the present rate of sixteen
rupees. For the purposes and objects above enumerated, the following
provisions are hereby enacted, and declared to be in force from the 1st of
January, 1819.
1. AzVst So much of Section II. Regulation XXXV. 1793, as fixes
3x2
ducted from the mali-
kana authorized under
the present Regula-
tion.
Reg. XIV. 1818.
Preamble.
Part of Sec. ii. Reg.
REGULATION XIV.
523
formerly granted to them by the Mahratta Government, under the provi-
sions of Regulation XII. 1805, the amount of such nankar allowance shall
be deducted from the malikana to which they are by this section declared
to be entitled.
A.D, 1818. REGULATION XIV.
A REGULATION /or ^ Ni{%72A77*6? of Nfcca 77777/
(7oM Afo^MT", 7772 f/ /b'7' y227^A^2* 777 07/2^/272g ^07720 of ^6 A22A.S 772 ^07*00
7^p00^272^ ^Ao.S'O 6b272.S' ; PASSED fg ^/70 Go21^7*72727'-6fc72e7'22/ 277 UoM72C2f 077
/Ag 24^A Deco7?2&?', 1818.
THE high standards established for the gold mohur and $2000 rupee,
having been found productive of many inconveniences, both to individuals
and the public, inasmuch as they are ill calculated to resist the wear and
defacement to which coins are necessarily exposed, and as they are only to
be obtained by having recourse to the expensive process of refining,
diminishing consequently the productiveness of most of the sorts of bullion
imported into the Company's territories ; and it being desirable also that as
much uniformity as can be established between the currencies circulating
at the different. presidencies should be introduced, consequently that an
approximation of the standard of the Calcutta coins to the standard of
those current at Madras and Bombay should be effected, it has been
resolved to rescind the provisions of former Regulations relative to the
standard of the gold mohur and nineteenth sun 32cc% rupee, and to coin in
future money of the proportions hereafter to be specified.
As a reduction in the value of the 32*cc% rupees, from its being in great
measure the money of account,both in private and public transactions, v?ould
necessarily change the terms of all existing contracts, and might be pro-
ductive of embarrassment and trouble, it has been determined to leave the
rupee unaltered in this respect; and the new Calcutta rupee will
consequently contain the same quantity of fine silver as that heretofore
struck ; and, being of the same intrinsic value, will circulate on the same
terms. The mint proportions of silver and gold being, it is believed,
inaccurately estimated at present, and it being also desirable that an
uniformity in this respect should be introduced at the three presidencies
of Calcutta, Madras, and Bombay, it has been thought advisable to make
a slight deduction in the intrinsic value of the gold mohur to be coined
at this presidency, in order to raise the relative value of fine gold to fine
silver, from the present rates of 1 to 14*861, to that of 1 to 15. The gold
mohur will still continue to pass current at the present rate of sixteen
rupees. For the purposes and objects above enumerated, the following
provisions are hereby enacted, and declared to be in force from the 1st of
January, 1819.
1. AzVst So much of Section II. Regulation XXXV. 1793, as fixes
3x2
ducted from the mali-
kana authorized under
the present Regula-
tion.
Reg. XIV. 1818.
Preamble.
Part of Sec. ii. Reg.