Note 124 — Chapter VII
Reading edition
In their Despatch dealing with the Report of the Fowler Committee (August 24, 1899) the Government of India went so far as to declare that the constitution of a State Bank, by the amalgamation and absorption of the three Presidency Banks, was desirable. For the circumstances and discussions which led up to the ultimate abandonment of these ideas, see “Papers relating to the Proposed Establishment of a Central Bank in India (reprinted from the Gazette of India and Supplement, dated the 12th Oct. 1901).”