INDIAN CURRENCY AND FINANCE

[ii]

MACMILLAN AND CO., Limited

LONDON · BOMBAY · CALCUTTA
MELBOURNE

THE MACMILLAN COMPANY

NEW YORK · BOSTON · CHICAGO
DALLAS · SAN FRANCISCO

THE MACMILLAN CO. OF CANADA, Ltd.

TORONTO

[iii]

INDIAN CURRENCY
AND FINANCE

BY

JOHN MAYNARD KEYNES

FELLOW OF KING’S COLLEGE, CAMBRIDGE

MACMILLAN AND CO., LIMITED
ST. MARTIN’S STREET, LONDON

1913

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COPYRIGHT

PREFACE

When all but the last of the following chapters werealready in type, I was offered a seat on the RoyalCommission (1913) on Indian Finance and Currency.If my book had been less far advanced, I should, ofcourse, have delayed publication until the Commissionhad reported, and my opinions had been more fullyformed by the discussions of the Commission and bythe evidence placed before it. In the circumstances,however, I have decided to publish immediatelywhat I had already written, without the addition ofcertain other chapters which had been projected. Thebook, as it now stands, is wholly prior in date tothe labours of the Commission.

J. M. KEYNES.

King’s College, Cambridge,
12th May 1913.

CONTENTS