On
Nevertheless,
in 1838, Act XXI authorised the coining of a two-anna
denomination. Nothing happen until 1840, when the Court of
Directors asked for a progress report on the matter. This stimulated
On
[1]
Bengal Consultations. IOR P/162/88, December 1837 No
23
Resolution passed at the Consultation
of
… The next point is the measure
ordered by the Honorable the Court of Directors, Viz the coining of two anna
pieces of silver preparatory to declaring copper to be a legal tender only for
one half a rupee.
The President in Council observes that
in order to give to the Governments of Bengal and Bombay the power of coining
silver pieces of lower value than 4 annas, it will be
necessary to pass an act modifying Act XVII of 1835, which specifies only four
descriptions of silver coin are to be struck at the mints of India, Viz rupees, double rupees, halves and quarters. The
Secretary has, in his supplementary note dated 30th September,
submitted a draft of act for this purpose in which he has also included
provisions for modifying that part of the act which requires that the coinage
shall always be of the device of the head of the reigning sovereign at the date
of actual coinage which at each succession to the throne proves very
inconvenient. The object of the draft is to prescribe that each coinage shall
be made under an order of the Governor General in Council passed in the
executive department and bearing the date of that order and the effigy of the
sovereign reigning on that date shall continue until altered by a subsequent
similar order.
The president in Council approving of
the provisions of this draft orders that it be transferred to the legislative
department to be therein further considered.
It has already been determined to
postpone the withdrawal of the privilege of legal tender to the extent of a
rupee from copper coin with a view to restrict the privilege to an amount not
exceeding 8 annas until there has been a more extensive
issue of small silver coin available for circulation. To this resolution the
President in Council adheres.
[2] Pridmore
p9-10, 12