─────────────────────────────────────────────────────────────────────────────────────────────── Issued Silver Gold Coins. by Coins. Legal the ───────────────────────────────────────────────────────────────────────────── Ratio Government Denomination. Weight. Fineness. Denomination. Weight. Fineness. of ─────────────────────────────────────────────────────────────────────────────────────────────── Sicca Rupee 192 176 or Mohur 204·710 187·651 1 to 11⁄12 15 Bengal ──────────────────────────────────────────────────────────────────────────────────── Furrukabad 180 165 or — — — — Rupee 11⁄12 ─────────────────────────────────────────────────────────────────────────────────────────────── Bombay Silver Rupee 180 165 or Gold Rupee 180 165 or 1 to 11⁄12 11⁄12 15 ─────────────────────────────────────────────────────────────────────────────────────────────── Madras Silver Rupee 180 165 or Gold Rupee 180 165 or 1 to 11⁄12 11⁄12 15 ─────────────────────────────────────────────────────────────────────────────────────────────── to completion than to discontinue the Sicca rupee and to demonetise gold. At this point, however, arose a conflict between the Court of Directors and the three Governments in India. Considerable reluctance was shown to the demonetisation of gold. The Government of Madras, which was the first to undertake the reform of its currency according to the plan of the Court, not only insisted upon continuing the coinage of gold along with that of the rupee,²⁸ but stoutly refused to deviate from the system of double legal tender at a fixed ratio prevalent in its territories,²⁹ notwithstanding the repeated remonstrance’s addressed by the Court.³⁰ The Government of Bengal clung to the bimetallic standard with equal tenacity. Rather than demonetise the gold mohur it took steps to alter its standard³¹ by reducing its pure contents³² from 189·4037 to 187·651 troy [pg 20] grs., so as to re-establish a bimetallic system on the basis of the ratio adopted by Madras in 1818. So great was its adherence to the bimetallic standard that in 1833 it undertook to alter³³ the weight and fineness of the Sicca rupee to 196 grs. troy and 176 grs. fine, probably to rectify a likely divergence between the legal and the market ratios of the mohur to the rupee³⁴.