(-anna), half-pice and pie, which weigh at rate of 400 grains Troy per anna. N.B. The anna does not exist actually. Gold is also coined for private account but treated as a commodity. The coins are the gold mohur of same weight and fineness as the rupee (nominal ratio 15: 1), the double mohur, a ten-rupee, a five-rupee. In the bazaars, the cowrie is used for small payments-its value rising and falling with demand and supply. Generally 320 cowries make 1 anna. At £3. 17s. 104d. per oz. stand. gold (British Mint) 1 gold mohur = £146015625. 100,000 rupees, 1 crore = 1 lac = 100 crore, 1 crore = 100 lacs, 1 mas = The Indian standard is a silver one, and the Indian exchanges are dependent on the price of bar silver in London. The rupee has thus fluctuated latterly between 1s. 2d. and 1s. 5d. The fineness of gold and silver is reported in millièmes. Gold is quoted in rupees per 1 tola fine. Silver is quoted in rupees per 100 tolas sycee (980 fine). The Calcutta Mint also coins silver for private account, charging 2 p.c. seignorage and 1 per mille for melting (i.e. 2 p.c. altogether). 10 The Mint price for 100 tola fine is 109 rupees or 1063-1063, deducting charges. This is calculated from the rupee's weight and fineness (1 tola 11 fine). Any demand for silver in the bazaar raises the price to 107-108. The Calcutta Mint receives silver for coinage at 1 rupee per 1 tola fine less 26 p.c. seignorage. The standard is silver and .. there is no Mint par. 1 = price in d. of bar silver per oz. st. in London. Fixed Number=37162. Rule. F. N. x price in London = rate of exchange. The charges are not included and must be added to the rate as a final answer or before working (when given). They amount to 33 p.c. (including 2 seignorage). The connection between London price of bar silver and London-Calcutta rate of exchange is thus obvious. Table of Exchanges (London-Calcutta, sight). Find exchanges (Calcutta sight on London), when price of bar silver is (1) 3915, (2) 381, (3) 40,‰, (4) 3915, (5) 413. Bills and Exchanges. "Documentary" bills upon India are discounted at the current rate of Government acceptances (if not above 5 p.c) when taken up before maturity. The bill-stamps are " on demand" above 20 R., 1 anna. Bills "not on demand":-up to Rs. 2500, 2 annas per 200 (very nearly): then from 2500 to 10000, 1 R. 8 annas per 2500 or fraction: from 10000 to 30000, 3 R. per 5000 or part: above 30000 Rs., 6 R. per 10000 or part. Bills in sets of two and three pay the nearest whole number of annas above the and the 3 of the above prices. Telegraphic Transfers are largely employed. INDIA. EXAMPLES. 353 1. Direct. London-Calcutta. (1) 15000 Rs. at 4 mos. 1s. 31 d., and 6 mos. 18. 41d. Discount, 3 p.c., 31 p.c. (2) £875. 9s. 10d., at 4 mos. 1s. 31 d., and 6 mos. 18. 51ğd. Discount, 3 p.c., 4 p.c. 2. Indirect. 3p.c. London-Calcutta. (1) Through Paris, short 25-19, 3 mos. 2·15. (2) Through Hong-Kong, 4 mos. 2s. 11ğd., 3 mos. 225. Direct rates, 4 mos. 1s. 31d., 6 mos. 1s. 6d. Discount, 3 p.c., Minimum cost of bills for 10,000 Rs. and £825 ? Weights and Measures. The basis of Indian weights is the tola of 180 grs. Tr. Its subdivisions are used by jewellers to weigh pearls and precious stones. Its multiples are the general commercial weights in use. The Bazaar maund 100 lb. Troy 824 lbs. Av. = = = 747 lbs. Av. = 24-685703125 lbs. Av. وو The Bombay Liquids are sold by weight or by the imp. gall. or O. E. gallon. The Calcutta kahoon of corn weighs 40 Factory maunds = 2986 lbs. Av. = The Madras garse (corn) of 80 paratis of 5 marcals 16.906 imp. qrs. The Bombay candy (dry) is taken at 24-5 imp. bush. The guz (original Indian linear unit) varies in the different provinces. 1 hanth is taken at 18 inches. 1 guz at 27 inches. 1 ady (Malabar foot) 10:46 English inches. = The "Indian Weights and Measures Act" of 1870 enacted as follows:: Standard of weight = the ser (the French kilogramme) of 80 tolas. Standard of length = the mètre (3.280899 ft.). Standard of capacity = the ser (1.760773 pints 220096 gallons). 1 tola = 1 seer 1 gramme = = 0.9331 ser. = 37.3242 ser = 100 lb. Troy. = 0.08573526 tola. |