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The Problem of the Rupee, Its Origin and Its Solution

Note 375 — Chapter VI · (continued 2)

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The following table regarding the consumption of gold in different countries is interesting:— Consumption of Gold (millions of pounds sterling at 85s. per fine ounce)376 1915. 1916. 1917. 1918. 1919. 1920. Industrial Arts (Europe and America) 17·0 18·0 16·0 17·0 22·0 22·0 India (Year to March 31 following) 1·4 5·1 19·6 −3·3 27·7 5·1 China −1·7 2·6 2·6 0·4 11·5 −3·7 Egypt −0·8 −0·2 −0·1 −0·0 −0·0 ? Balance available as money (difference) 80·5 68·0 48·2 64·9 13·8 46·6 World 96·4 93·5 86·3 79·0 75·0 70·0

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