Page:Indian Journal of Economics Volume 2.djvu/291

 CURRENT NOTES The outstanding events of economic India since our las issue have been he Delhi silver, crore8 he second Bombay of difiicuBies interest in Budget, the War Conference, the growing shortage of and the purchase of enough to coin 43 of rupees from the United States, the issue of war loan, the coinage and Indian gold coins, and the of issue from increasing the railways in coping with traffic, Provinces necessary wih he and to rise which has led to severe restrictions and to the appoint- ment of Directors of Civil Supplies for nearly all the Central India. During April it .was raise exchange to ls 6d in sympathy of he price of silver which appears now to have been stabilized at almost 49d in London by the contract of the United States Government with American producers. Finally, as we write, comes the issue of the Chelmsford-Hontagu Report, with its important proposals for the increase of Provincial autonomy, which if carried fully into effect can hardly fail to have a stimulating effect economically as well politically. Sir not for new the confident William Meyer's last taxation--none anticipation of l the great heads of Budget being an revenue in spRe of, is remarkable required--but for increased yield of the war.