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timber and fuel. Precautions for the conservation of health. Hints as regards food, and the table generally. Suggestions as to books and newspapers. Importance of having some interesting pursuit. The minor amenities of an estate. The conditions of a planter's life now ameliorated by railways. Mysore out of the reach of House of Commons faddists. Advantages of this. CHAPTER XIX.--THE INDIAN SILVER QUESTION. On June 26th, 1893, gold standard introduced and mints closed to free coinage of silver. Movement originated in India by the servants of Government, and from no other class whatever. Some merchants afterwards joined in the agitation. Gold to be received at the mints at a ratio of 1s. 4d. per rupee. Sovereigns in payment of sums due to Government to be received at the rate of fifteen rupees a sovereign. Cash effects of the measure. For benefit of English reader figures given in pounds sterling, a rupee taken at 2s. Rupee prices little changed in India, China and Ceylon. Difficulty of forming exact estimates as to this. If gold value of silver can be forced up from 1s. 3d. to 1s. 4d., Indian Government will gain about one and a half million sterling on its home remittances, and the people lose about seven millions on their exports. The Indian Finance Minister contemplates a rise to 1s. 6d. eventually. A rise to 1s. 6d. would give the Exchequer a gain on home remittances of L4,500,000 and entail on the people a loss L21,000,000, equal to a tax of 21 per cent. on the exports of India. Effects of this on the producers. The producers of coffee in Mysore alone would lose L56,000 a year were exchange forced up to 1s. 4d., and L156,000 a year were it raised to 1s. 6d. All producers in other parts of India of articles of export would be similarly affected. If the rupee is artificially forced up by the State, the shock to confidence will repel capital and injure credit. The first effect will show itself in a lessened demand for labour. The effects of increased employment on the finances. The bearing of the measure on famines and scarcity. It will intensify the effects of both, and make them more costly to the State. The measure has arrayed all classes against the Government, except its own servants and a very few of the merchants. The effects of the measure on the tea-planters of India
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