Page:The Economic Journal Volume 1.djvu/773

Rh

1888. 1889.

Estimate based on the 2nd and 3rd antecedent year 122·4 132·02 122·01

Estimate based on the 3rd and 4th antecedent year 124·16 127·99 121·94

Estimate based on the 4th and 5th antecedent year … 129·33 133·15

Total 246·56 889·34 377·1

Divisor 2 3 3

Average 128·28 129·78 125·7

Estimate based on the 2nd antecedent year 114·07 137·21 127·82

Estimate based on the 3rd antecedent year 127·42 123·37 117·78

Estimate based on the 4th antecedent year 118· 129·71 130·50

Estimate based on the 5th antecedent year … 128·58 134·61

Total 359·49 518·87 510·71

Divisor 3 4 4

Average 119·88 129·72 127·68

It is interesting to compare these estimates with those in Tables G and K for the same years:—

1888. 1889. 1890.

Table G. . 112·150 115·671 118·284

Table K, Estimate B ............ 113·16 114·39 119·26

Present Estimate .............. 119·83 129·72 127·68

It will serve no good purpose at present to carry these estimates any further, in the absence of a searching criticism on the methods adopted. My own belief is that these figures slightly over-estimate the mass of rupees at present existing in India.

The Editor regrets that he is obliged by want of space to postpone to next number the remainder of the paper, in which the author takes account of the corn lying unissued in the Government reserves, estimates the volume of National mintages, and supports his conclusions by copious appendices, to many of which reference has been made above.