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archieftoegang 2.10.02, inventarisnummer 2901, pagina 14

Friday, 3rd March 1876.
Ordered, Ptar a Seleet Committee ve appointed to consider and report apon the
causes ot the Depreciation of the Price ot Silver, and the effects of such Depreciation
upon the Exchange between India and England.
Thursday, Sth March 1876.
Mr. Massey.
Mr. Mulholland.
Mr. Kaweett.
Mr. Cave.
Mr. Shaw.
Mr. Hermon.
Sir Charles Mills.
Seleet Committee nominated ot
Mr. Baxter.
Mr. Christopher Beckett
Denison.
Mr. Coschen.
Mr. Kirkman Hodgson.
Mr. Hubbard.
Lord George Hamilton.
Ordered, Phar the Committee have poier to send tor Persons, Papers, and Records.
Ordered, Itax Three ve the quorum of the Committee.
RRPOR-P-
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PRooxantaas op zan comnxrzn-
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R RPOR T.
24t. Staxex CoMMrEEE appointed tot consider and Report upon
the Canses of the Dxexxorariox of the Patcx of Stvxk, and the
Effects of such Dxexxcrartor upon the Exouavar between India and
England; Havr considered the matters to them reterred, and have
agreed to the tollowins RtPOkP:-
Loon Committee nave, throughout their proceedinss, Steadily kept in view
that they were simply charged with an inquiry into the causes of the tall
in the value of Silver and its effect on the Indian Eixchanse, and that the ques
tions reterred to them did not include an investication as to what measures, it
any. legislative or administrative, misht be contemplated as expedient or neces
sary under the circumstances.
The condition of the Silver market nas siven rise to many speculations on
the possibility or necessity ot action veins taken by various countries with
respect to their curreney, but pour Committee, veins of opinion that their tunc
tions did not extend to the consideration of such sussestions, retrained trom
examinins witnesses on this branch of the subject. In their inquiry into the
matters actually reterred to them, they have a150, as tar as possible, avoidea
the examination ot merely speculative views: vut in many cases, in the absence
ot authoritative statisties, they have veen compelled to tate estimates into their
consideration which were more or less matters ot opinion.
Pour Committee applied to the toreien Office to procure tor them official Appendix 20.
statisties trom varions toreien countries on the morements ot the precious metats,
and on the stocks of Silver coined and in circulation. Their labours have veen Appendix 21.
sreatly assisted by the very important information thus obtained.
the despatches trom Her Majestys representatives at Paris, Berlin,
Washinston, and Brussels have veen especially valuable. The most important
lapers supplied have veen printed with the lridence, vut in many cases they
were too voluminons tor this to be done. The Imperial Cerman Covernment
courteously sent a complete set ot all official printed documents vearins on the
recent changes in the lans on curreney and on bankins, includins the steno.
graphie Reports of the Parliamentary Debates thereon. The French Covern
ment, besides the statisties printed in the Appendix to this Report, turnished
the Minutes ot Proceedinss (proces verbaux of the recent Conferences of
the members of the Latin Monetary Union, and have tacilitated the inquiry
ot pour Committee in every way. trom belsium pour Committee receired a
set of elaborate and nichly valuable documents, entitled Documents Mone.
taires, collected and published by M. Malon, Minister of Finance, and now
Premier in that country, and presented by him to the Belhian Parliament. Mhey
hare speciat reterence to the Silver question. Pour Committee recommend that
all these volumes and papers, though not includea in the printed evidence,
should ve kept in the Library of the House of Commons.
the statisties containea in these toreien documents are naturally siven
in the currencies of the respective countries to which they relate. Tour Com„
mittee nare touna it necessary tor purposes ot convenience to convert all
amounts into sterlins money: and, to avoid mis apprehension, it shoula at once
ve stated that the calculations have veen based on the value of toreien
coins betore the tall in the price of Silver toot place.
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