The Future of Indian Exchange.

The Committee on Indian Currency and Exchange in Great Britain has recently issued a report which has in substance been adopted by the India Office. The recommendations of the Committee aim to restore stability to the rupee and to maintain the convertibility of the Indian paper currency. This article presents a summary of the chief recommendations of the Committee, taken from the London newspaper "Morning Post" of February 3, 1920. Some of the recommendations are as follows. The present rupee unchanged in weight and fineness should remain unlimited legal tender. The import and export of gold to and from India should be free from Government control as soon as the change in the statutory ratio has been effected.