Rangoon office. Notes issued at Rangoon are legal tender throughout Burma in satisfaction of any claim against Government, except at the office of issue. The increase of the circulation in Burma has been extraordinary. The office was opened in 1883, and in the first complete year of work the circulation was 20,90. The figures on the preceding page give some idea of the rate of increase since.
Although these figures show an extraordinary rate of increase, yet they are a little obscured by the inclusion of Rs. 10,000
more than seventy-fold in twenty-five years and the value over fifty-fold, while in the last five years the number has nearly trebled and the value more than doubled.
When the Currency Office was started in
1883 its staff was 27 men. It is now 88, and it is proposed to increase it by 47 more men immediately. The Treasurer, who, under the Currency Officer, controls the office, has remained unchanged throughout the twenty-five years, and in 1907 his merits were recognised by the grant of a title.
various departments. On leaving Emmanuel College, Cambridge, after having completed the then obligatory two yearsa course in specialised subjects, he was first sent to the Saran District for training, and was afterwards made Assistant Settlement Officer in charge of that district. During this time the chief work upon which he was engaged was in the preparation of the record of rights. Mr. Gauntlett, however, always had a bent for financial matters, so that when the opportunity came to transfer to the Finance Department at
THE PREMISES OF THE NATIONAL BANK OF INDIA IN PHAYRE STREET, RANGOON.
notes, which do not really circulate at all, but are kept by banks, which find them a convenient form in which to hold their balances. Excluding them we obtain : a
Balance in circulation on Total No. of pieces excluding notes of Rs. 10,000. Value fin thousands of rupees).
Ia4a84 12,461 5,40
1-4a94 69,402 3IJ5
1a4a04 3,15,866 1,37,15
1a4a06 4,68,172 1,81,17
1a4a07 5,92,818 2,57,73
1a4a09 9,09,279 2,75,oi
Excluding Rs. 10,000 notes, therefore, the number of notes in circulation has increased
MR. MAGER FREDERIC GAUNTLETT has
held the office of Accountant-General for Burma since 1906. It is a position which is fraught with peculiar difficulties, as the financial relations between the Government of India and the Local Governments, including Burma, are very complicated, and also because the difficulties in the way of staff organisation are exceptionally great. Mr. Gauntlett, however, is well fitted to the position by reason of his previous experience, for before coming to Rangoon he had been Accountant-General both at Allahabad and at Calcutta. Since he passed into the Civil Service in 1891 from Dulwich College, he has been engaged in
Calcutta he was not slow to accept it. Later he went to Allahabad, where lie served as Deputy Accountant-General and as Accountant-General for six years. His health then necessitated a furlough of nearly two years, and in the space of a few months after his return he was successively Joint Magistrate and Collector at Dacca, and additional District and Sessions Judge for Dacca and Mymensingh. In 1903 he went back to the Finance Department.
NATIONAL BANK OF INDIA, LTD.
This bank was established in Calcutta as a local bank only, in 1863, under the name ofThis bank was established in Calcutta as a local bank only, in 1863, under the name of