Theory had already scoffed at these fears. It is therefore interesting to see that later history has also confirmed the verdict of theory. Indian trade with a gold-standard country like England or a silver-standard country like China did not suffer a setback, notwithstanding an arrest in the fall of the rupee. The following figures furnish sufficient evidence to support the contrary:— [pg 182] _TABLE XXV_ _Trade of India with United Kingdom (before and after the Mint Closure)_ ────────────────────────────────────────────────────────────────────────────────────────────── Exports to U.K. Imports from U.K. ──────────────────────────────────────────────────────────────────────────────── Annual Merchandise. Bullion Total. Merchandise. Bullion Total. Average. and and Specie. Specie. ──────────────────────────────────────────────────────────────────────────────── £ £ £ £ £ £ ────────────────────────────────────────────────────────────────────────────────────────────── I 1889–93 31,569,891 1,180,646 32,750,537 31,837,482 7,694,149 39,531,631 ────────────────────────────────────────────────────────────────────────────────────────────── II 1894–98 26,329,764 2,215,049 24,544,813 28,963,180 6,750,736 35,713,916 ────────────────────────────────────────────────────────────────────────────────────────────── III 1899–1903 28,709,819 2,089,656 30,799,475 33,498,480 7,301,172 40,799,652 ────────────────────────────────────────────────────────────────────────────────────────────── IV 1903–8 36,784,628 2,232,857 39,017,485 47,294,311 9,586,706 56,881,017 ────────────────────────────────────────────────────────────────────────────────────────────── — — — — — — ────────────────────────────────────────────────────────────────────────────────────────────── Percentage of Increase (+) or Decrease (−) in — ────────────────────────────────────────────────────────────────────────────────────────────── Period II in −16·598 +87·613 −25·055 −9·028 −12·261 −9·657 comparison with Period I ────────────────────────────────────────────────────────────────────────────────────────────── Period III in +9·039 −5·661 +25·483 +15·659 +8·154 +14·240 comparison with Period II ────────────────────────────────────────────────────────────────────────────────────────────── Period IV in +28·126 +6·853 +26·682 +41·183 +31·304 +39·415 comparison with Period III