One Rupee Notes. : The Tribune India

Join Whatsapp Channel

Lahore, Thursday, January 18, 1917

One Rupee Notes.



THE  Englishman points out the great success of the one pound notes and ten shilling notes in England which were issued without any coin backing. "The issue of one rupee notes in this country has," says the paper, "been much talked of in Calcutta markets during the past three weeks, if only as a palliative in the present depleted condition of the coin reserve." It is presumed that if the Government of India has any such measure under consideration, it would meet with success in this country. The one pound notes and the ten shilling notes are only certificate of money and are not promises to pay coin. It is said that the issue of one rupee notes should be on the same lines. We are afraid the idea is hardly practicable.

Top News

Chief Judicial Magistrate's court in UP's Banda orders judicial inquiry into death of gangster-politician Mukhtar Ansari

Judicial inquiry ordered into death of gangster-politician Mukhtar Ansari

Asks additional CJM to conduct probe into Mukhtar Ansari's d...

Cash-strapped Congress gets fresh IT notice of Rs 1,700 crore, say party insiders

Cash-strapped Congress gets fresh I-T notice of Rs 1,800 crore

Ajay Maken addresses a press conference

Special court convicts 7 people in BSP MLA Raju Pal murder case

Special court convicts 7 people in BSP MLA Raju Pal murder case

The proceedings against Atiq Ahmad, his brother and prime ac...

Arvind Kejriwal's wife releases WhatsApp number for people to send messages for jailed AAP leader

Arvind Kejriwal's wife launches WhatsApp campaign to garner support for AAP leader

In a digital media briefing, Sunita says her husband has cha...


Cities

View All