The Problem of the Rupee, Its Origin and Its SolutionAmbedkar, B. R. (Bhimrao Ramji)
History
The Problem of the Rupee, Its Origin and Its Solution
Ambedkar, B. R. (Bhimrao Ramji)
Currency question -- India
¹⁸ _Ibid._ par. 28. How the English and the Indian systems of
weights were made to correspond to each other may be seen from the
following:—
─────────────────────────────────────────────────────
_Indian._ _English._
8 = 1 massa = 15 troy grs.
ruttees
12 = 1 tola (or = 180 troy grs.
massas sicca)
80 tolas = 1 seer = 2½ troy
pounds.
40 seers = 1 maund (or = 100 troy
mun) pounds.
─────────────────────────────────────────────────────
[pg 12] principal coin to be established was to be different from 180
grs. troy, it was believed there would be an unhappy deviation from the
ancient practice which made the weight of the coin the basis of other
weights and measures. Besides, a unit of 180 grs. weight was not only
suitable from this point of view, but had also in its favour the added
convenience of assimilating the Indian with the English units of
weight.¹⁸
While these were the reasons in favour¹⁹ of fixing the weight of the
principal unit of currency at 180 grs. troy, the project of making it
165 grs. fine was not without its justification. The ruling
consideration in selecting 165 grs. as the standard of fineness was, as
in the matter of selecting the standard weight, to cause the least
possible disturbance in existing arrangements. That this standard of
fineness was not very different from those of the silver coins
recognised by the different Governments in India as the principal units
of their currency, may be seen from the following comparative statement
on p. 13.
¹⁹ Attention may be drawn in this connection to the dissenting
opinion of Captain Jervis on the project of 180 grs. troy as the
unit of weight for the rupee. Cf. his most exhaustive treatise
called _The Expediency and Facility of establishing the
Metrological and Monetary Systems throughout India on a Scientific
and Permanent Basis, grounded on an Analytical Review of the
Weights, Measures and Coins of India_ …, Bombay, 1836, pp. 49–64.
Public-domain text, read in full here on John Shaqi.
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