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The Problem of the Rupee, Its Origin and Its Solution

Note 98 — Chapter II

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This machinery is provided in England by what is known as the “Trial of the Pyx.” For a history of this institution and the way it functions, cf. H. of C. Return 203 of 1866. During the time of the East India Company the maintenance of the standard purity of the Indian coins always formed a most anxious concern of the Court of Directors. The coins of Indian mintage were regularly required to be sent over to England, where they were tested at a special Trial of the Pyx and the verdict reported back for the future guidance of the Mint Masters in India. Cf. H. of C. Return 14 of 1849. Since the winding-up of the Company there is no machinery to bring the Mint Masters to book.

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