Extracts from The India Office Records and
Bombay Gazetteer etc
One
interesting point raised by Lingen (internet discussion, South East Asia Group)
is the fact that the mint passed to the British in 1800, which is ry 42 of Shah
Alam, and yet the coins all apparently show the date of ry 46. It is not likely
that coins would be dated with a year later than that in which they were struck
(although there are many examples where they are dated with earlier years), so
what happened between ry 42 and ry 46? Lingen suggests that there may be coins
dated ry 42, 43, 44 and 45 from the Surat Mint and even suggests a possible
candidate illustrated in Krause and Mishler (KM#724). More research is needed
in this area. Pridmore suggests that ry 46 was a mistake for ry 42.
Ref: Pridmore p126-130, p168-170.The British
first arrived at
When the British first
arrived at
Confirmation
is contained in a letter, dated
On the following day a letter to the Factors at
‘soe soone as wee may be
furnished out of the Taunksall (= Hind taksal = mint) with rupees’.
A
report from the President at Surat to the Directors in London dated 29th
December 1634 [11],
sets out the methods used in converting foreign coin into local coin and some
of the issues that they had to face. These included the payment of batta and
the slowness of the local mint in converting their silver. However, the local
Governor of Surat did recognise the difficulties that they were having and did
lend them 75,000 rupees at no interest.
The slowness of the
The
President at
At
the same time the President discussed the process for getting foreign coins and
bullion minted at
He
also admitted that a mistake had been made in calling Seville coins ‘old rials’
because the former contain more silver. The practice was to be stopped even
though the shroffs made allowances for more or less silver in the coins.
In
1738 the mint at
Some further information of the time taken in recoining the
Company’s money is contained in a letter dated Swally Marine (
‘Upwards 1,700,000 rials
were landed from the junkes returned from Mocha; consequently it took 33 days
to pass the Company’s rials through the mint’.
Following the
establishment of the mint at
Bruce (vol 2, p613) records that during the season 1688-89, the
Directors:
‘received information
that a treaty had been negotiated with Muchtar Khan, the Moghul Governor of
Surat, by which the Company were allowed to coin money at Surat, in the
Moghul’s mint-house; but the Court preferred acting on the authority given them
by their recent Charter, of having a mint at Bombay, as this would impress the
Natives with the importance of the place; and they hoped, that in time, they
would be able to supply the Bengal market with rupees coined at Bombay, or, at
any rate, exchange their Bombay rupees for those coined at Surat, which would
pass current in Bengal, or in any part of the Moghul’s dominions’.
The need for this treaty was evidently partly due to the lengthy
delays in receiving newly coined rupees for silver sent in to the
Despite the Director’s wishes that the Company’s coinage should be confined
to the
Concerning the
Bruce (Vol 3, p297) refers to the Court’s instructions to
‘new privileges ought to be
solicited, and, particularly, that a place should be assigned to the Company in
the mint, (at
Subsequent correspondence from Bombay in the years 1700-01 and
1702-03 reported that the Governor of Surat would not consent to the
arrangement, but an entry in the Surat Consultations under the date 12th
June 1702, indicates how near to accomplishment this project came:
‘ On ye 16th of this month wrote ye
Droger of ye Tanksall to bring him an acct of the
ground belonging thereto: upon perusal of wch he appointed us a ps
out of it, 13 Covts long 9 ¾ broad, & liberty to dig 6 Covt
deep: upon wch wee immediately set Mess (men?): & Bricklayers to
worke to inclose said spot of ground, & build convenient places for to coin
and Keep our silver in. But ye Tanksall Shroffs being alarmed
hereat, met together and consulted of wt measures to take to prevent
our effecting wt wee designed & agreed to bribe ye
officers; & meeting in great numbers, made great clamours, & hindred
our people from working, upon wch we complained to ye Govr,
who sent the Ammeen & a Chubdar to forbid any to interupt our building.
Then ye Shroffs applied themselves to ye Castle Govr,
who again interupted our business out of pretence it was too near ye
Castle: yt he did not know but wee might undermine it, so our worke
stood still some days till ye two Govrs had agreed upon
matters between them. At last when we had almost made an end to diging, wee
accidently hit upon a hollow place in ye ground, wch ye
Shroffs &ca laid hold of & said it went so far as ye
Castle, upon wch all was stopped again. And ye Govr
forced to order ye ground to be filled up again, & promised us a ps in another place’.
In December 1702, the Council made complaint against the moghul Governor and entered on record:
‘ye present Govr
had not complyed wth his contract in giving us a place to coin our
silver in ye Tanksall’.
Under the years 1703-04 Bruce (Vol3, p552) records:
‘The government of the country is extremely shifting
- the great age of the Mogul was daily increasing the appearance of a civil
war, which necessarily affected the Company’s trade “because their Agents could
not send their treasure to be coined at the King’s mints, as it might be
seized, either before, or after coinage”’.
These brief notes indicate that the Company, as a safeguard and also
to avoid the delay and frustrations experienced when sending bullion to be
coined in the
In 1717 authority was received to strike coins after the mughal
pattern at
Following an insurrection in 1759, the Company obtained possession
of the mughal castle and fleet at
However, the Nawab did not keep his pledge and in October 1672,
reports show that many bad rupees had lately been issued from the
This measure seems to have been an attempt by the
Naturally the Nawab rejected this arbitrary appointment of an
Englishman as mint master to his mint, but he did agree to alter the alloy in
the
The Bombay Council had to agree to this debasement and the
Consultations of
‘as the agreeing to it seems to be a case of
necessity, we must acquiesce, though even this will not remedy the evil, there
being a mint at Poona where the rupee is of so base a coinage as to make the
German crowns turn out Rs 212 ½ per 100, while ours here turn out only Rs
204-2-93 to Company’s servants and Rs 202-2-63 to private persons, which of
course induces the proprietors of silver to export rather than coin it.
Resolved therefore in order effectually to stop this
growing evil so prejudicial to the trade of this place as well as to that of Surat,
that an export duty of three per cent be laid on all unwrought silver and
silver foreign coins exported from hence or Surat….’.
The next step was taken in March 1771, when the Governor and Council
desired that the Surat rupee be again made to the Bombay fineness, but in June,
the Chief and Council at Surat informed the Court of Directors, London, that
they had agreed with the Nawab to fix the standard of the Surat rupee at 2 1/3
per cent inferior to that of Bombay.
Over the next few years there followed correspondence with the Court
of Directors and continued protests from
On
In the reorganization which immediately followed this transfer of
power, a Mr. Church of the Company’s service was appointed mint master of the
The
EIC took control of the
‘GO
The Right Hon’ble the Governor in Council is pleased
to announce for general information that the Mint at
Published by order of the Right Hon’ble the
Governor in Council.
(Signed) F.Warden
The coins issued were of
the same type as those that had been issued from the
Coins
of
Letter
from the Acting Mint Master at
I
have the honor to transmit a statement of my receipts & disbursements for
last month accompanied by a cash account.
Letter
from the Mint Master at
Forwards
accounts etc for December 1800 (accounts not present with covering letter).
Letter
from Mint Master (John Church) to Government, dated
Accounts for January 1801 for
Letter
from Mint Master (John Church) to Government, dated March 1801.
Accounts for February 1801 for
Letter
from Mint Master (John Church) to Government, dated
Accounts for March 1801 for
Letter
from Mint Master (John Church) to Government, dated
Accounts for April 1801 for
Letter
from the Judge and Magistrate at
Obediently
to the instructions conveyed to me on the 9th December 1801, I have
availed myself yesterday of the first coinage that has taken place, to proceed
to the mint and bring away the accompanying specimens, three of rupees and
three of half rupees which I have now the honour to transmit.
The
silver rupees and half rupees accompanying the above letter were on the 5th
instant sent to the Assay Master to report on their standard.
Letter
from the Assay Master (Mr Scott) to Government,
I
have received and assayed the 3 whole and the 3 half rupees from the Surat Mint
which you sent me on the 5th instant by order of the Honble the
Governor in Council. They are somewhat above the regulation in weight and
somewhat below it in fineness. The deviation in either case is only a fraction
of a touch so that I think it right to report them of a good quality.
I
shall pay the produce of these rupees to the Mint Master who will credit it to
the Honble Company.
Ordered that a copy of the above report be
communicated through the Magistrate at
Letter
from the Judge and Magistrate at
Agreeable
to the arrangements formerly sanctioned by you for the exigencies of the copper
currency here, a supply of coinage amounting to above 18,000 rupees has, upon
the proportions pointed out, been issued to the city within the last three
months by the Mint Master who, for failure of materials, cannot proceed to the
extent the circulation requires. I have therefore to request that a thousand
maunds of copper in warehouse may be furnished him without delay for this work,
as any discontinuance thereof until the measure wanted for the demand of this
society be complete is very grievous to the current necessities of the
inhabitants & the smaller traffic of the town.
Ordered that the warehousekeeper be desired to
consign to
Letter
from the Mint Master at
The
general tenet of the letter was that the cost of production of coins at
Letter
from the Surat Mint Master (C. Wren) to Government, dated
He
enclosed a table of the mint costs for each stage of the manufacturing process,
and described some aspects of the operation of the mint.
Five
Bhurtiahs oversaw the operation of the mint. Three very young ones were
descended from those who had served in the mint for half a century, and two who
had recently transacted the business of the mint by themselves, and whose
ancestors had belong to it for upwards of 75 years.
Letter
from the Surat Mint Master (Wren) to Government, dated
He
asked for advice on what alloy to add to the silver.
The
reply referred him to instructions sent on the 13th January in which
it had been stated that ‘equal parts of copper and lead’ should be used.
Letter
from the Surat Mint Master (wren) to Government dated
He
explained the problems of standardising the
Letter
from Government to Mint Master at
The
Bhurtiahs were to be replaced by a Superintendent reporting directly to the
Mint Master and paid by the Company as a salaried employee. The present
Bhurtiahs may become contractors if they chose, and would receive half a
percent for the contract. If they refused then the Mint Master was to consult
the Chief and Collector of Surat as to the next steps to be taken.
Minute.
It
was on the 25th instant ordered that the Judge and Magistrate at
Surat be directed to issue a proclamation announcing that the rupee coined in
Bombay was to pass as a legal tender in Surat as being precisely the same
weight and fineness as the Surat coinage. Forwarding a draft
of the proclamation to be entered on record at the Presidency.
Letter
from the Mint Master at
I
have been alone prevented from replying to Mr Secretary Warden’s letter of the
16th August last until now, by the procrastination of the late
Bhurtiahs in coming to an adjustment with me, and it was only the day before my
departure from Surat they delivered in the accompanying Kurrarnamas written in
the Persian and Guzeraty languages, by which your Honble Board will observe,
they consent only to make the short trial of 3 months of the terms offered to
them as conveyed in Mr Warden’s above mentioned letter, a circumstance that
perhaps sufficiently demonstrates the reluctance with which they enter on the
undertaking.
I
have only respectfully to add that Mr Wren my predecessor has kindly undertaken
to officiate for me during my absence here.
Translate
of an agreement executed by Tapeedass and Kuleeandas to Thomas White Esq., Mint
Master at
We
Tapeedass and Kuleeandas do hereby agree in consequence of the receipt of
orders from Government with regard to the Mint, assigning one half per cent as
a remuneration to us and to cover all losses which we [acquiesce] in, on the
coinage for three months from this date to the conclusion of the third month as
an experiment, after which if we find it answers, we will continue the
business, or otherwise we will relinquish it with pleasure should it not turn
out well.
Ordered
that the Mint Master be informed that in consideration to their having been so
long employed in the department, Government agree to commit the coinage at
Surat to the two head Burtheas above mentioned on the terms of the order dated
the 16th of August – on condition the parties giving one month’s
notice whenever it may be their desire to relinquish the undertaking to enable
Government to provide other contractors, which there will be no difficulty
found in providing, as soon as the present parties shall feel disposed to
relinquish [to] the change.
Letter
from the Mint Master (Watkins) to Government, dated
The
mint contractor was able to deposit 50,000 rupees as security but could not
find 1 Lac of rupees, the amount proposed by Government. He could probably get
sponsorship from wealthy natives, but in the past this practice had led to
problems, including fraud. The Mint Master suggested that the contractor should
try to find a European business to act as surety but in the meantime the Rs
50,000 should suffice.
Letter from the Judge and Magistrate at
The
proclamation had been issued as instructed:
This
is to give notice that in all the money transactions of this city [and other]
dependencies, the tender of
Letter from the Judge and Magistrate at
He
asked permission for Narrondass Tulsidass to export copper and lead from
Letter
from the Surat Mint Master (Wren) to Government dated
He
stated that he had successfully got the
Letter
from the Surat Mint Master (White) to Government, dated
He
had conducted assays of Broach rupees and found them even worse than
Minute
Resolved that Mr John Morison be appointed to succeed
Mr Thomas White in the office of Mint Master at
Letter
from the Surat Mint Master (Morison) to Government, dated
In
reply to your letter of the 23rd ultimo with the extracts from the report
of the Committee of the Military Board, I have only to notice what I stated in
my letter of the 19th of last month, that the mint premises are in a
most ruinous and insecure state. Should the Honble the Governor in Council be
pleased to order me to superintend the rebuilding of them, I shall be careful
that no unnecessary expense is incurred.
As
to the sheds which Mr White reported to the Military Board as usually repaired
by the mint contractors and those who occupy the zerrab Khaneh or places for making
the rupees and pice in the rough state, I beg to remark that this may still be
continued though the persons in question declare that their present income from
the mint is trifling compared to what it amounted to during the Government of
the Nawab when their conditions were imposed upon them.
When
the premises are rebuilt I shall endeavour to keep them in repair at the
allowance of 60 rupees annually which the Military Board have recommended,
should the Governor prefer that system to allowing contingent charges, as
hitherto, which the Board have recommended upon as being very moderate.
The
Mint Master was allowed to make the repairs.
From
the Judge & Magistrate at
I
have the honor to report for the information of the Governor in Council that I
have apprehended two persons for having about them and attempting to circulate,
counterfeit rupees in imitation of the
Accompanying
I have the honor to send a specimen of the counterfeit
Letter
from the Surat Mint Master (Mr Morison) to Government dated
I
beg to notice that the set of furnaces alluded to in Mr Secretary Godwin’s
letter of
Letter
from the Judge & Magistrate at
The
city and zillah of Surat being in great want of pice, I am under the necessity
of troubling Government again on this subject, and beg leave to propose that
about 20,000 rupees worth be coined at once; it will be a source of some
revenue to Government through the mint, and a good way of appropriating some of
the Europe metals.
The
above may appear a large quantity at first view, but I am convinced in my own
mind, that if double the quantity were coined, it would be disposed of in a
week, and prove a great comfort and convenience to the lower orders of this
community and the number of people who come daily into this city from the
surrounding villages.
As
the inhabitants of this, as well as the neighbouring districts are under some
apprehension of a famine, from the failure of rain this season, it would be as
well in my humble opinion to relieve them as far as lies in the power of
Government, from every other cause of distress.
The
complaints about the wants of pice are loud and general and as they are so
easily remedied, I trust the Right Honble the Governor in Council will be
graciously pleased to afford us the means of coining the quantity above
proposed, or his sanction to it being coined in the mint of this place by
people possessing the requisite metals.
Ordered that the Import Warehousekeeper be directed
to consign forthwith to the Mint Master at
The
Warehousekeeper is to communicate with the Mint Master of
Letter
from the Mint Master at
I
was this morning honored with your letter of the 19th respecting the
coinage of pice and request that you will obtain permission from the Right
Honble the Governor in Council to order about 375 maunds of lead also to be
consigned to me, as the Surat pice have latterly been composed of 25 seers of
copper and 15 of lead per maund.
I
have now 43 maunds of copper remaining of the consignment made by Government in
October last, so that I shall yet require about 582 maunds to complete a
coinage of pice to the extent of 20,000 rupees.
Ordered that the Import warehousekeeper be directed
to consign to the Mint Master at
Ordered also that Mr Morison be called upon to report
the amount of the profit likely to be derived by the Honble Company from the
intended coinage of pice.
Letter
from the Mint Master at
In
reply to the 2nd paragraph of your letter of the 3rd instant,
I request you will inform the Right Honorable the Governor in Council, that if
the prices of copper and lead should not exceed the last consignment, the
profit to the Honble Council will be about Rs 850 on a coinage of 20,000 Rs
worth of pice.
It
has always been usual to regulate the proportions of copper and lead in the
pice so that Government may be neither gainers nor losers by the concern and
consequently the present profit is derived from the mint duties.
Minute
Ordered
that the Mint Master of
Letter from the Surat Mint Master to Government,
dated
In
compliance with the directions contained in your letter of the 2nd
instant, I have now the honor to forward a statement of the coinage in this
mint for the present year of account, and a memorandum of copper remaining to
be coined but which is delayed for the want of lead.
I
take the liberty of noticing that I have not yet received the copper and lead
alluded to in your letters of the 19th of September and 3rd
October last.
Statement
of Bullion and Copper Coin in the Surat Mint from
|
|
Tolas. M. S. |
Mohurs Annas |
|
Gold |
249.10.7 |
272 10 |
|
|
|
|
|
|
|
Rupees Qrs. |
|
Silver |
38641.8.2 |
40462 2 |
|
|
|
|
|
|
Maunds Qr. Srs. |
Maunds Qr. Srs. |
|
Copper |
288.-.7¼ |
288.-.7¼ |
There
is a balance of 43 maunds of copper belonging to the Honble Company remaining
of the consignment made by Government in October 1811 for the coinage of pice.
This copper remains for want of lead as noticed in my letter to Government of
the 25th September last.
Ordered
that Mr Morison be informed that the copper and lead he had applied for has
been ordered to be shipped immediately.
Letter from Surat Mint Master to Government, dated
In
reply to your letter of the 21st ultimo which I received yesterday,
I request you will do me the favour to inform the Right Honble the Governor in
Council that I have particularly questioned the mint contractors as to the
difference in the intrinsic value of the Bombay and Surat silver rupee pointed
out by Mr Noton in his report to Government of the 21st of last
month but they persist in declaring that all rupees coined by them have been of
the full standard prescribed by Government.
I
have been very particular in the examination of the assays made in this mint,
and am consequently at a loss to account for the present difference unless it
arises from the superior means possessed at Bombay of effecting the assays,
which was particularly alluded to by the late Mint Master in a report to
Government in November 1809, from which I enclose an extract.
I
have however again warned the contractors that they will be held responsible
for any difference in future in the two rupees which, according to the orders
of Government, ought to be exactly the same.
Extract
of a letter from Thomas White Esq. Late Mint Master to Government, dated
It has however long been a
source of vexation to this mint that its assays cannot be made as they are at
Bombay, by the furnaces in use there and I have little doubt but that they
would be not only more upon an equality but much more accurate if Government
will be pleased to direct the transmission of a set of furnaces to this place
and at the same time send proper persons to instruct those of this mint in the
manner of using them.
Ordered that the Mint Master at
Proclamation
issued
Notice
is hereby given that the coinage of the
Ordered that a copy of the preceding proclamation be
sent to the Collector for the purpose of being promulgated through the city of
Letter
from the Surat Mint Master (Morison) to Government, dated
In
reference to your letter of the 11th instant, I have the honor to
note that the method of computation as reported in my letter to the Accountant
of the 20th October last, is exactly the same as in the Bombay Mint
where (as appears by the enclosed copy of a letter from Mr Watkins) 100 tolas
of pure silver return, deducting the mint duties of 3 per cent, rupees 104 – 3
– 04.
Should
any alterations however in the return of silver have taken place (of which I am
not aware) in the
Letter from Thomas White Esq. (but signed Watkins),
dated
The
returns from this mint for 100 tolas of pure or sycee silver (which as
containing no alloy would be received at the rate of 108 per tola) would be,
deducting the mint duties on coinage of three per cent, rupees 104 – 3 – 04.
This
was all sent to the Acting Mint Master at
Petition from Jagonath Nillutset to Government, not
dated.
Permit
me to lay my head under your Honor’s pious feet and respect to crave leave that
my appointment in the profession of an assayer at Surat take place in the year
1801, June the 27th by order of the Government, which promotion may
appear at large by the records of the Government, and it fully proves of an
detailed instruction or order to me from the secretary Mr R. Richards as
following viz.
He
then cites a letter signed by Mr Rickards appointing him as an assayer.
He
then cites another from the Judge and Magistrate at
He
then goes on to state that the current Surat rupees coined when Mr Morrison was
Mint Master (1811, 1812 & 1813) are not as good and cost more to produce.
This
was forwarded to the Mint Master at
Letter from Accountant General to Government, dated
He
considered that the Broach rupee should be converted into
Letter from the Collector at
Stated that he had started converting Broach rupees
into
Letter
from the Surat Mint Master (John Morrison) to Government, dated
Have the honor by the receipt of your letter
of the 30th April referring for my report the copy of a letter from
Jugginath Nitulsett and desiring me to explain the circumstances which have
occasioned the difference in the present coinage of Surat from that which was
coined while Mr Brown held the office of Mint Master and also the occasion of
the increase in the expenses of coinage as stated by the party.
I
request you will do me the favour to inform the Right Honorable the Governor in
Council that the difference in the coinage and the rate of expenses were
ordered by the Government in a letter to this office of the 7th
August 1807, after a long previous correspondence with the Mint Master here and
the Mint and Assay Masters at the Presidency and of which Mr Brown must have, I
fancy, a perfect recollection as I believe he at that time acted as Mint Master
for Mr Wren who was absent on other duties at Broach.
By
that letter the custom which had up to that time prevailed, of only using a
lead alloy was abolished, and the rupees of both the Bombay and Surat mints
were ordered to be exactly the same and to contain an alloy of half copper and
half lead, which has ever since been the case.
It
was by the same letter ordered that the expense of minting should be rupees
14.1.86½ or rupees 1.1.78 per cent, while the personal allowance to the
contractors was fixed at Rs 5.2.13½ per 1,000 so as to make the deductions
equal to 2 p cent. The charges of every kind on the coinage of 1,000 rupees
stood and still continue as follows:
Expenses
of mintage 14.1.86½
Allowance
to the contractors for personal
Labour and responsibility
5.2.13½
Government
duties at 1 per cent 10
------------
30.
- . –
whereas
Juggunath Netulsett wished to lead Government to believe that they are only Rs
26.1.25.
As
to the assertions of Juggunath Netulsett that the rupees at present coined in
this mint appear to be of a very inferior kind, I can only say that specimens
of them are regularly forwarded every month to the Assay Master at Bombay from
whose report it would appear that they are kept up to the standard of purity
prescribed by Government.
Ordered
that a copy of the preceding letter be sent to the mint master with direction
to report the comparison which the changes incurred at the Surat Mint would
bear to the expense attending the coinage at the Presidency, supposing that the
late lowest offer for a contract on which the Mint Committee has lately
delivered in their report, should be accepted.
Letter
from the Mint Master (R. Steuart) to Government, dated
He
calculates the outturn from 100 tolas of silver at the
Letter
from the Mint Master (R. Steuart) to Government, dated
The
Mint Master saw three benefits in shutting the mint at
1.
That it is under
no efficient control from the want of am European gentleman on the spot duly
qualified to conduct the department of assay.
2.
That it enables
the
3.
That it deprives
this mint [i.e.
The
Governor in Council agreed with this and ordered that the Surat Mint should be
abolished from
The
Right Honorable the Governor in Council is pleased to announce for general
information that the mint at Surat will be abolished from the 1st of
the ensuing month of November and that the whole of the coinage under this
Presidency will in future be conducted at the mint at Bombay.
Petition from the shroffs merchants & other
inhabitants of
This
set out the reasons why the mint should not be closed.
Translation
of a letter from the Nawab of
This
set out the reasons for not closing the mint at
1815 [57] (
Letters
from the Collector at
50,000,
25,000 and 60,000 Broach rupees were converted to
Letter from the Collector at
56,000
Broach rupees were converted to
Letter
from Government to the shroffs, merchants and other inhabitants of the city of
I
have had the honor of submitting to the Right Honble the Governor in Council
your petition dated the 15th of November last, setting forth the
inconveniences you are likely to suffer from the abolition of the mint at Surat
and soliciting upon the grounds therein adduced that it may be re-established.
You will no doubt readily
believe that his excellency would at all time feel pleased in consulting the
interests and paying attention to the wishes of so respectable a body as the
commercial community of Surat, but you must also be aware that a due regard for
the interests of the Honble Company must render it the public duty of his
excellency to discontinue any office the objects of which can be more beneficially
accomplished thro different channels, and you cannot therefore be surprised to
learn that the Right Honble the Governor in Council does not consider himself
at liberty to comply with your application, particularly as in all cases
wherein recoinage may be necessary, recourse may be had to the Presidency, the
mint of which is equally to the coinage of all the bullion necessary for the
supply of this side of India.
Letter from Government to the Nabob of
I
have had the satisfaction of receiving your excellency’s letter dated the 7th
Mohumun, setting forth the inconveniences which the inhabitants of Surat are
likely to suffer from the abolition of the mint and soliciting upon the general
grounds therein adduced that it may be re-established.
Your
excellency may be assured that it will at all times prove a matter of concern
to me to be compelled to adopt any arrangement, the tendency of which may, in
your Excellency’s opinion, prove injurious to the commercial interests of
Surat, but you must also be aware that my public duty requires of me, whenever
I may feel satisfied that your excellency’s impressions are erroneous, to
pursue that course which in my judgement may be most conducive to the interests
of the Honble Company.
Although
the British Government does not control the mints of foreign sovereigns, its
powers certainly extend over its own, and [as] two mints are not considered
necessary for the supply of the circulating medium throughout the Honble
Company’s territories on this side of
Letter from the Judge and Magistrate at
He
encloses a petition (dated
This
is referred to the Mint Committee asking how they might address the issue.
Letter to the Judge and Magistrate at
Ordered
Mr Romer be informed that it has for some time past been in contemplation to
introduce an improved uniform copper currency throughout the territories
subordinate to this Government, a circumstance which has led to his application
of the 2nd April and 9th ultimo not receiving that early
reply which they otherwise would have done. That the preparatory steps for
giving effect to this measure are not yet contemplated, and as the new coinage
cannot be circulated for several months, the Governor in Council authorizes him
in conjunction with the Collector to cause such a supply of copper pice of the
description now circulated at
Mr
Romer is to be careful to regulate the weight of the pice so as to guard
against the coinage being disposed of for its value as copper.
Letter
from the Commissioner at
I
have the honor to acknowledge receipt of Mr Secretary Newnham’s letter of the
21st instant communication the intention of the Right Honorable the
Governor to send forthwith to the Collector of Surat three lacs of Dollars, to
be held at the disposal of the political agent in Candeish.
I
have directed Captain Briggs in communication with Mr Morrison, to make
arrangements for transporting the treasure to
Petition from the shroffs and merchants of
The
petition states that the scarcity of rupees is causing problems and there is a
request that the mint should be re-opened.
This
was referred to the Mint Committee.
I
am directed by the Honble the Governor in Council to transmit to you the
accompanying copy of a letter from the Criminal Judge at Surat dated the 7th
instant and to desire your opinion whether the surplus pice coined for the
Southern Concan adverted to in your letter dated the 10th November
last, might not with advantage be rendered available to supply the want of
copper currency at Surat.
I
have the honor to acknowledge receipt of your letter of the 22nd
ultimo transmitting to me the copy of one from the Judge at Surat dated the 7th
ultimo, and desiring my opinion whether the surplus pice coined for the Concan,
adverted to in my letter dated the 10th November last, might not
with advantage be rendered available to supply the want of copper currency at
Surat.
In
reply, I request you will have the goodness to state to the Honble the Governor
in Council that although there may be some little demur at first on the part of
the population of Surat to receive only 64 pice for a rupee, the rate of those
in the Southern Concan, after being used to the exchange of eighty, yet as the
surplus is entirely useless where it is, and as it may be fairly presumed that
the Concan pice are intrinsically better than the Surat pice, I see no
objection to a consignment to the amount of ten thousand rupees being made experimentally,
by the Collector of the former to the Collector of the latter district.
Their
issue should not however, I conceive, be compulsory but optional, the
Collectors both of land revenue and Sea Customs, merely engaging by
proclamation, to receive them back at the rate of sixty four to a rupee in all
revenue transactions, and the success or failure of the measure would probably
also give us some further insight into the real nature and extent of the wants
of the community.
I
have the honor to acknowledge the receipt of your letter of the 7th
ultimo and am directed to inform you that, there being a surplus quantity of
copper pice in the Southern Concan, the Collector of that zillah has been
instructed to forward a consignment to the Collector of Surat to the amount of
rupees ten thousand to supply the deficiency in the latter district.
The
Governor in Council directs me to observe that the Concan pice are
intrinsically better then those of Surat, the Collectors of land revenue and of
sea customs will therefore be instructed to issue them at the rate of sixty
four pice the rupee, and to engage by proclamation to receive them back at the
same rate in all revenue transactions. The issue of these pice is not however
to be compulsory, but it will be optional with individuals to receive them or
not.
It
may be expected that the success or failure of this measure will afford some
further insight into the real nature and extent of the wants of the community.
Mr
Agar, Custom Master of
We
beg leave to represent to your Honourable Board that 10,000 rupees worth of
pice will not suffice for the circulation and exchange of a single day, for the
When
Mr Crow was judge of
When
a dispute arose sometime back, at Broach, concerning the pice of that place, Mr
Prendergast ordered the pice of Broach to be stamped with the mark of the
Sirkar, and from that time all disturbances concerning them ceased, and they
were received as current.
We,
your petitioners, are therefore hopeful that you will be pleased to issue a
similar order with regard to the new and old pice of
They
refer the above petition to the Mint Committee.
I
have the honor to acknowledge receipt of your letter of 12th
February and to state for the information of the Honble the Governor in Council
that I have since received copper currency from the Collector of the
I
have consulted the dealers in copper change, and they intimate they are not
disposed to receive the copper pice. I am also informed they have transmitted a
representation to Government on the subject, copy of which I have the honor to
annex and in which they submit their reasons for declining the pice.
He
then makes several more comments and adds a table of the different types of
pice in circulation in
Acknowledges
receipt of the letter dated 7th April and one of the 12th
April and continues:
…that
after a deliberate review of all the circumstances of the case, we are of the
opinion that the native community of Surat cannot be in such great want of an
addition to their copper currency as the money changers would wish us to
believe and that it seems pretty plain that the object of the latter, in
wishing to obtain the Government stamp on the pice in their possession, is to
force a spurious coinage on the public at a rate above its marketable value.
That
the copper circulation of Surat stands in need of a reform in common with that
of every subordinate district, we do not in the least doubt, but conceive it
would be idle, with the prospect of our efficient mint before us, to make the
attempt with our present means, nor do we think it would tend to any good end,
to allow of any further coinages of copper being undertaken, under the sanction
of Government, as a private speculation.
We
incline therefore to recommend, that the copper currency of Surat be left for
the present as it is, that is, the old pice passing as heretofore, at their
marketable value, and the circulation of the new (Concan) pice being under the
proclamation which we presume has been issued, entirely optional, which will
afford at least some sort of security to the lower classes against a worse
currency being imposed on them, until we shall be able to supply them with an
entire new coinage which cannot be imitated without machinery.
Essentially
redirects the comments of the Mint Committee to him.
Letter from the Judge at
I
have the honor to state for the information of the Honble the Governor in
Council that a petition has been presented to me by the thread sellers of this
city, setting forth the public inconvenience which exists from a diminution in
the quantity of copper coin required for the circulation of this place and
praying that some measure may be adopted for their relief.
In
submitting this request for the consideration of the Honble the Governor in
Council, I have to observe that the scarcity of copper coin and the
inconvenience thence resulting not only to the petitioners but to the whole of
the inhabitants, I believe to be real. Many years have passed since a supply of
pice has been afforded to the city. In 1824 the scarcity which was then
complained of was brought to the notice of Government by Mr Anderson in his
letter of 7th January, and a quantity to the amount of ten thousand
rupees was sent up by the Collector of the South Konkan, but as they were to be
issued at the rate of sixty four pice for the rupee, this aid proved
ineffectual as the inhabitants would not receive them at that rate. The last
issue of pice previous to that was in December 1818 when they were coined at
this place to the extent of ten thousand rupees, and if in 1824 the scarcity of
pice was so greatly felt, there must be good reason to suppose that the
inconvenience now asserted to be experienced is not suppositious; it has indeed
been brought to my notice in different ways.
With
a view to a remedy I take the liberty most respectfully to recommend that the
Collector be permitted to coin and to issue a quantity sufficient to meet the
wants of the people, which from what I can learn on the subject, will not be
effected with less then to the value of twenty thousand rupees, which sum I
give as the very least, and conceive that to the value of twenty five thousand
would be desirable. I beg leave to be permitted to add that by the fixed rate
of the place, eighty copper pice are given in change for a
Letter
from the Mint Committee to Government dated
We
have the honor to acknowledge receipt of your letter of the 11th
instant referring to us the copies of the letters from the first Assistant in
charge of the Broach Collectorship dated the 1st instant with
enclosure, and from the Judge at Surat of the 7th instant,
representing the want of copper pice at those stations and desiring our opinion
on the resources that should be adopted in consequence.
With
regard to those at
The
objections of the inhabitants to receiving the South Concan pice, at the rate
of sixty four for a rupee, may perhaps be surmounted by a proclamation
declaring these particular pice a legal tender at that rate in all private, as
they are already in all public, transactions, without however adopting any
active measures for forcing them into circulation, and this is the course we
incline to recommend. And if it be deemed advisable, a further supply to the
extent of rupees ten thousand might be ordered from the
To
allow a coinage of copper pice to be undertaken at Surat, on the principal laid
down in the concluding paragraph of Mr Jones’ letter, would we conceive, be
merely adding so much more to the impure trash, under various designations,
with which, from the correspondence that occurred on the same subject about two
years ago, it would appear the Surat copper currency was already vitiated, and
the disposal of which will be a vary serious concern when the new uniform
currency is to be introduced, though if still pressed as the only remedy for
existing embarrassments, we have no other objection to the experiment being
tried.
Proclamation
declaring pice current at
The
Governor in Council having in consequence of the want of copper pice in Surat
caused a supply of pice, coined at the rate of 64 for a rupee, to be sent to
the Collector for the purpose of being issued by him to all persons requiring
copper coins in exchange for silver.
The
said pice are hereby declared to be a legal tender payment at the rate of 64
pice for one rupee and they are to be received accordingly by all officers of
Government and by individuals.
Letter
to the Judge at
I
am instructed by the Honble the Governor in Council to acknowledge receipt of
your letter dated the 7th ultimo and to inform you that the
Collector in the
These
pice having been received into circulation at Broach without difficulty, the
Honble the Governor in Council cannot understand why, if the wants of the
people of Surat are equally bona fide, the same measure which has succeeded at
the former place should not answer at the latter, the rupees of the two places
being understood to pass currently at par in most of the Surat Purgannahs and
even in the Surat Bazar.
The
objection of the Surat inhabitants to receiving the South Concan pice at the
rate of sixty four for a rupee may probably be surmounted by the accompanying
proclamation, which you will be pleased to make public at Surat, [making] these
particular pice a legal tender at that rate in all private, as they are already
in all public, transactions, without however adopting any active measures for
forcing them into circulation.
The
intended introduction of a new uniform currency from the new mint renders it
inexpedient to undertake a new coinage of pice at
Letter
to the Collector at
I
am directed by the Honble the Governor in Council to transmit to you the
accompanying copies of a letter from the Judge at Surat dated the 7th
ultimo and of my reply of this date and to inform you that the Collector in the
South Concan has been directed to consign to you copper pice to the amount of
ten thousand rupees which are to be issued at the rate of 64 the rupee to all
who may require them according to the accompanying proclamation which the Judge
has been directed to make public at Surat.
Letter from the Collector in the
In
compliance with your instructions dated the 11th ultimo, I have the
honor to inform you that copper pice to the amount of rupees fifteen thousand,
packed in 61 boxes have been dispatched from the Concan and are now in the
harbour on board the hired putteman Dina Doulat.
As
this vessel is not calculated for the
56
boxes containing each Rs 250 Rs
14000
5
Boxes containing each Rs 200 Rs 1000
-----------
Rs
15000
Letter to the Acting Sub-Treasurer from Government,
dated
I
am directed by the Honble the Governor in Council to inform you that 61 boxes containing copper pice to the amount of rupees
15,000 have been consigned from the
Letter to the Superintendent of Marine from
Government, dated
I
am directed by the Honble the Governor in Council to inform you that the Acting
sub-Treasurer has been directed to consign 20 boxes of copper pice to Broach
and 41 to
Letter from the Judge at
I
request you will do me the honor to lay before the Honble the Governor in
Council the enclosed copy of a translation of a petition presented to me
yesterday by the shurafs of this city.
I
have ascertained from the Collector that the whole of the pice received here in
May last to the value of ten thousand rupees, have been disposed of and,
believing the present scarcity stated in the petition to be real, I beg very
respectfully to suggest that a further supply may be sent up, to the extent of
about twenty thousand rupees, the whole of which will in all probability be
distributed in a few months.
Translation of a petition to the Judge at
We
beg leave to represent to you that in the month of Shravun last we represented
a petition to you; in answer to which you were pleased to direct us to purchase
new pice from the Collector’s office and circulate them so as to prevent any
future inconvenience arising in the city. We accordingly purchased the same and
passed them. About a month and a half ago we, all the money changers, attended
the Collector’s office for the purpose of purchasing some more pice, when the
Collector was pleased to say he had no pice to be disposed of, recommending us
to make an application to you, and adding that on your writing to him he would
obtain a further supply of new pice and, as the demand is real, we are under
the necessity of presenting this petition to you praying that you will be
pleased to write a letter to the Collector requesting him to obtain a further
supply of pice of the new currency, in order that no scarcity may prevail in
the future.
Letter to the Mint Committee from Government, dated
I
am directed by the Honorable the Governor in Council to transmit to you the
accompanying copies of a letter from the Judge at Surat dated the 29th
ultimo and of its enclosure and to request you will be pleased to make
arrangements for supplying the pice required.
Letter from the Judge at
In
reference to my predecessor’s letter of the 29th March last, I do
myself the honor to submit for the early consideration of the Honorable the
Governor in Council the accompanying copy and translation of a petition from
the shuraffs of this city and to report that very great inconvenience is
experienced, especially among the lower classes, from the present deficiency of
copper currency.
To
the Judge at
We
the undersigned shroffs beg leave to present that in consequence of the
scarcity of pice, we presented to you a petition on the 30th of
Phagoon Sunnat 1883 corresponding with the 27th March 1827 and
further one on the 18th May last; in answer to which we were
informed that a reference had already been made and would again be made to
Bombay on the subject of the deficiency of pice. Indeed sir, we experience
great scarcity and inconvenience. The rate of pice procurable is 74 per rupee,
whereas the peons demand 76; in consequence of which we retailers are in great
distress. We therefore humbly pray that you will be pleased to procure us a
supply of pice and to pass an order upon this petition that no one should
demand more pice than the bazar rate and should not oppress us. We further beg to
state for your information that during the ensuing wedding season the above
rate of pice will become still more depreciated. [??] once
favoured with a supply of pice the rate of which was 64 in the rupee not any of
these pice are now to be had, and we request that a further supply of pice may
be obtained for circulation.
This
was forwarded to the Mint Committee on
Letter
from the Mint Committee to Government, dated
We
have the honor to acknowledge the receipt of your letter of the 29th
ultimo and in reply beg leave to recommend that the Collector of Surat be
authorized to undertake a copper coinage to such an extent as he may consider
necessary to meet the demand, on the principals laid down in the Mint
Committee’s report of the 12th June 1821.
Letter to the Judge at
I
am directed by the Honorable the Governor in Council to acknowledge receipt of
your letter of the 16th ultimo with enclosure and to inform you that
the Collector of Surat has been authorized to undertake a copper currency to
such an extent as [he] may consider necessary to meet the demand, provided the
parties undertaking it will agree to improve the manufacture of the pice.
Letter to the Collector of
I
am directed to acknowledge the receipt of your letter of the 6th
instant and to inform you that the Collector of Surat has been authorized to
undertake a copper coinage to such an extent as he may consider necessary to
meet the demands – on the principles laid down in your report of
Report
on the establishments throughout the
Petition
from Vrizbhookhundass Nagurdass of
A scarcity of copper pice
having existed a few years ago in the zillah of
Of
copper pice alloyed with lead there are about 4,000 muns, in each seer weight
there are 45 pice, each maund will fetch 22 rupees. In each maund of the pice
(current at the rate of 82 junnadee per rupee) there are about 15 seers of lead
and the rest is copper. Viz. 25 seers which will take at 14
rupees per maund.
There
are nearly two thousand maunds of pure copper pice current in this city. In
each seer weight there are about 60 pice, and they are at the rate of 80½
junnadee per rupee, for which I will pay at 29½ rupees per maund. If Government
were to call these in for the melting pot they would fetch only 20 rupees per
maund, a great loss to Government.
Of
Bankote copper pice there are about five maunds in the city; a seer’s weight
contains 60 pice and 64 go for a rupee. I will take each maund at 37 rupees,
but if Government collect and melt them, they will produce but 20 rupees per
maund.
Of
Alamgeeree copper pice two and a half maunds nearly are current in the
Purgunnah of Surat, which I value at about 28 rupees per maund, but a maund
would fetch Government only 20 rupees.
At
these rates I am ready to purchase by the favour of the Sirkar the old
currency, and to undertake to strike a fresh coinage of pure copper under the
superintendence of two appointed persons (to be paid by Government).
I
trust therefore that instructions may soon be issued to the Principal Collector
of
23rd
November, Mint Master suggest rejection
Resolved that the petition is declined.
From
the Principal Collector at
He stated that the new
¼ annas had only been received on 23rd November and had not yet been
counted out. He provided a list of the relative values of the new coins
compared with the old pice then in circulation.
Resolution dated
Chotoo Mookaddum,
Rajabhaye Tapidass and others of Surat, having presented a petition without
date, praying that the mint at Surat be continued working, and they be employed
in it as heretofore, resolved that they be informed that their request cannot
be complied with.
Letter
from the Mint Committee to Government, dated
We
have the honor to acknowledge your letter dated the 12th instant,
advising us of orders having been issued to the Principal Collector of
Then
goes on to state that defacing would not be effective and that the coins should
be cut up or melted.
[1] Foster W., (1906). The
English Factories in
p36 – reference to the English being moved from the
old mint house to a new one on
p38-40 Sir Thomas Roe’s negotiations with Prince
Khurram in August 1618:
‘..but it was intimated that
the tenancy of the present factory must in any case cease, partly because it
was the old mint and partly because it stood against the old mosque’.
[2] Foster W., (1906). The
English Factories in
p218 ‘Furthermore, the exportation of royalls,
through occation of a mint erected in this towne being utterly debarred’.
[3] Foster W., (1906). The
English Factories in
[4] Foster W., (1906). The
English Factories in
[5] Foster W., (1906). The
English Factories in
[6] Foster W. (1909). The English Factories in
November 29th 1626 – President Kerridge et
al at Surat to the Company - ‘…in which sort of spetiae you need not henceforth
doubt to send large supply, for that it will generally yeald about 6 per cent
proffitt more than rialls, as per this ensuing vallu[a]cion:
Lion Dollars of Holland whereof one was returned you
by William Hoare on the Jonah, cost in
Zeland Dollars, whereof also a muster was sent you by
the said Mr. Hoare, cost in
Rix Dollars receaved this yeare, yeald equall profitt
with best rialls of eight being both worth 5 m[ahmudis]
less 2½ pice.
But the Venetian dollar will yeald 5 m[ahmudis] if full weight.
Ambertin [may be albetine – a gold coin issued by
Archduke Albert of
Dutch Riders cost in
Checheens and
Double pistoletts, containing 3l. 8s. 3d. worth
29 m[ahmudis] the tola, which is 3l. 15s. 3d. the ounce.
[7] Foster W. (1909). The English Factories in
4th January 1628 – President Kerridge et al at Surat to the
Company - ‘and ‘mongst all we find none that vends readier or yields more
proffitt then twenty-shilling pieces English coyne’
[8] Foster W. (1909). The English Factories in
April 11th and 13th 1629 – President Wylde et al
at
[9] Letter from
[10] Letter to the factors at
[11] Foster
W. (1911). The English Factories in
Notwithstanding, as
we receive them, rup[ees] doe pay debts in rup[ees],
in which denomination we stand much ingaged. Our greatest trouble, and noe
small losse (yet unavoidable) is the slowness of the mint, from whence we doe
not receive one day with another, since our silver was carryd in, above 6000
rup[ees]. It was once brought to 9000; but since the Dutch became competitors,
they have 3000 daily and our number is now discended to 5000; which money, when
it becomes a summe, we presently pay it in and sinke so much dept.’ On their
complaining to the Governor ‘Mezer Mulek’ of the loss caused to them by this
slowness in minting, he voluntarily leant them 75,000 rupees gratis, with which
they at once paid off so much debt. They are gradually discharging the loan
from the newly-coined money, but the greater part is still
owing. The rix dollars were sold at 216 rupees per hundred; the ‘ryders’
and ‘albetynes’ at 21½ mahmudis ‘the double peece’. The gold in bullion fetched
from 22 mahmudis 23 pice to 25 mahmudis 20 pice per tola. There are still 13
chests of rials aboard the ships.
[12] April 1636
[13] Foster (1911) The English Factories in
Francis
Beeton at
‘howsoever of late years the ryalls that have been sould for
mamods were paid for in rupees att 2¼ without any allowance of vatteau. I find
not any moneyes paid in other species then the same they were borrowed without
allowance of vatteau, which in tyme of famine or scarcity in this place was
growne to excessive rates, not less than 13½ m[ahmudis] per 100 rup[ees].’ The
reason is that the mahmudis ‘are none of the Kings coyne, but coined by the
Rajah of Mallore [Muhler, in Baglan], a place distant from hence 70 courses or
myles, and are onely currant in these adjacent countries, not further than
Brodera; so that according to mens occasions for rup[ee]s
to send to Agra, Amadavad, or any other parts, the vatteau doth rise and fall.
But that which raised it to the prementioned rate in time of f[amine] was the
Benjares [Banjaras] or carriers, which brought corne and provisions [in]
abundance from other parts, which they sold here for mahmood[ies and] changed
them for rupees at any rate. The merchants also of Surratt sent what money they
could possibly get to Brampore to procure graine; so that scarcely a rupee
could be found’. Since that time the ‘vatteau’ has daily declined and is now
only one mahmudi per 100 rupees. ‘Concerning the coyneing of your gould and silver into the species of this countrey [it] is
free to us though not safe. Wee should have to doe with such dangerous people
in the mint that wee dare not adventure; nor will the most cunning merchants of
these parts upon any occasion, but sell all to the sharoffs, to whom it is most
proper and are in that particular content with very small profitt; if they
should in anything bee unreasonable, wee have presente recourse unto the Govenour,
who will command speedy redresse, whereof we have not long had experience’
He admits that there has been an error in applying
the term ‘old rials’ to those with a ‘plaine white crosse, being Civell
[Seville] money’; this was a traditional rule, but the practice shall be
abandoned. As, however, the Company acknowledges that these coins are of better
silver and weightier than the Peru and Mexico rials, it is clear that the
shroffs are justified in drawing a distinction between them. Although they are
sold by the hundred, allowance has always been made for light coins. The
tickets sent from
[14] Foster W. (1912). The English Factories in
Henry Chapman at Isphahan to the Company,
By special command of the King the mint at Suratt is made equal to that
at Ahmadavad, and so the charge is increased 7 per mille
[15]
[16] EIC took control of
[17]
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[19]
[20]
[21]
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[24]
[25]
[26]
[27]
[28]
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[36]
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[38]
[39]
[40]
[41]
[42]
[43]
[44]
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[47]
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[49]
[50]
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[65]
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