Bank of Bengal rate
6.03%
−0.75 pts on 1916
Bank of Bombay rate
6.06%
−0.35 pts on 1916
Bank of Madras rate
7.32%
+0.23 pts on 1916
Exchange banks in India · 1 January 1917
9
Number of exchange banks with head offices outside India fell from 12 (1911) to 9 (1917), then recovered to 10 (1918), 11 (1919) and 15 (1920)
ReportedOfficial record. Source: SA1924 Table 138 (OCR)
Russo-Asiatic Bank · 1 January 1917
ReportedOfficial record. Source: SA1924 Table 138 footnote (c)
currency circulation
Notes for Rs 2½ issued in December 1917 and for one rupee in January 1918, to supplement Rs 5 and higher notes as rupees ran short; on 31 March 1919 the Rs 2½ circulation exceeded Rs 1.84 crores and the Re 1 circulation Rs 10.50 crores
VerifiedOfficial record. Source: BS1920 para 28
exchange rate
Minimum rate for immediate telegraphic transfers raised from 1s 4d to 1s 5d; thereafter the rate was based roughly on the price at which silver could be bought. (The OCR of BS1920 renders the penny fractions as single digits, so the shilling/pence denomination is reliable but the fractional pence are not)
ReportedOfficial record. Source: BS1920 para 22 and table
customs tariff
Following the £100m contribution, still further revenue was needed: the cotton duty was raised to the general level of 7½ per cent, the excise remaining unchanged at 3½ per cent
ReportedOfficial record. Source: FISC1922 ch. I para 20
company profits
Excess Profits Duty introduced as part of Indian war finance (referred to in the official report for 1917-18 alongside income-tax, super-tax and excess profits as the war-time additions to direct taxation)
ReportedOfficial record. Source: RW1919 pp.75, 118
customs tariff
Export duty on jute doubled
ReportedOfficial record. Source: FISC1922 ch. I para 24
