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Updated: May 18, 2025
The Government of India made very large purchases of silver, which combined with the stimulated world-demand to drive the price of the white metal up to inordinate levels, and to keep pace with this rise and avoid an intolerable loss on the coining of rupees the rate of exchange i.e. the rate at which the Secretary of State sells "Council bills" in London was raised until it actually reached 2s. 5d. for the rupee.
They are generally woven in stripes of dark and light shades of indigo blue and measure about four by eight feet. They are greatly used by English residents in India, being much better adapted to life in a hot climate than the more costly Indian and Persian rugs, which supply the world-demand for floor coverings.
He learnt about the character and the experience of the expert whom Sir Paul had sent forth to Roumania. He learnt about the world-supply of oil and the world-demand for oil. He learnt about the great rival oil-groups that were then dividing the universe of oil. He had the entire situation clearly mapped on his brain.
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