FOOTNOTES:
[80] Charles A. Conant, The Gold Exchange Standard in the Light of Experience, The Economic Journal, Vol. 19, June, 1909, pp. 190-200.
[81] Le Marché Financier en 1907-8, p. 711.
[82] These figures are from the annual budget statements of the Minister of Finance.
[83] For some of these doubts see London Bankers' Magazine, October, 1908, LXXXVI, p. 435.
[84] Throughout August, 1914, while sterling rates in other countries rose to unprecedented heights, India succeeded in maintaining rates on London in the neighborhood of the gold export point—a striking testimony to the soundness of the Indian arrangements.—Editor.
[85] E. W. Kemmerer, A Gold Standard for the Straits Settlements II., Political Science Quarterly, Vol. XXI, No. 4, p. 663, 678-680.
[86] The answers given to the objections just stated have been confirmed and strengthened by the actual operation of the gold-exchange standard as later adopted by the Straits Settlements.—Editor.