DOI Page / Citation link:
https://doi.org/10.11588/diglit.27741#0082
Now, let us consider the share of Bom-
bay during the same period of 4 years—
Gold and Silver in crores of rupees.
1861-62
9-48
1862-63
13-98
1863-64
16-13
1861-65
12*19
5!'7S
Practically Bombay Presidency absorb-
ed fully 61 per cent, of the total imports
of treasure during those four years, say,
on an average 13 crore rupees per annum.
When we bear in mind that it was not
again till 1900-1, that is to say, 36 years
after 1864-63, that the imports of gold
and silver reached the figure of 16*43 crore
rupees, a correct conception might be
formed ofthe enormous figure ofthe period
now being related. What to do with such
a quantity of precious metals was the pro-
blem, which, unfortunately, was most im-
providently solved by founding scores of
ephemeral speculative financial institu-
54
bay during the same period of 4 years—
Gold and Silver in crores of rupees.
1861-62
9-48
1862-63
13-98
1863-64
16-13
1861-65
12*19
5!'7S
Practically Bombay Presidency absorb-
ed fully 61 per cent, of the total imports
of treasure during those four years, say,
on an average 13 crore rupees per annum.
When we bear in mind that it was not
again till 1900-1, that is to say, 36 years
after 1864-63, that the imports of gold
and silver reached the figure of 16*43 crore
rupees, a correct conception might be
formed ofthe enormous figure ofthe period
now being related. What to do with such
a quantity of precious metals was the pro-
blem, which, unfortunately, was most im-
providently solved by founding scores of
ephemeral speculative financial institu-
54