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The Problem of the Rupee, Its Origin and Its Solution

Note 201 — Chapter IV

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Lord Northbrook, who was the Viceroy of India when this proposal was made, in his evidence before the I.C.C. of 1898, Q. 8,447, suggested that the reason for his not adopting it then was that “that was a time when gold was appreciating, and it was impossible to do.” This is, of course, historically untrue except on the hypothesis that the proposal came for consideration long after it was submitted.

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