Note 36 — Chapter IV

This is probably very considerable. India must be the main source of supply of gold for the whole of Central Asia. The following extract from a report sent in to the Comptroller of Currency (1911–12) is instructive:—“From Peshawar a considerable absorption of gold in connection with the trans–border trade is reported; this trade is said to have amounted during 1911–12 to the value of Rs. 30 lakhs. Gold so taken seldom or never returns. The Amir’s subsidy is also largely paid in gold.” It is also reported that gold is preferred by those who go on pilgrimage to Mecca.