13. The author's whimsical notion that a development of commercial
and manufacturing organization in India would cause converts to flock
from all parts, and from all classes of the Hindoo community, has not
been verified by experience. Much capital is now concentrated in the
great cities, and the number of cotton, jute, and other factories is
considerable, but Christian converts are not among the goods
produced.
14. The modern commercial houses bring a large proportion of their
capital from Europe.
15. The three Presidency Banks, the Bank of Bengal, the Bank of
Madras, and the Bank of Bombay, in which the Indian Government is
interested, are the leading Indian banks. The Bank of Bengal was
opened in 1806. No bank in India is allowed to issue notes. The paper
money in use is issued by the Paper Currency Department of the
Government of India, and the notes are known as 'currency notes'. The
issue of these notes began in 1862-3. (Balfour, _Cyclopaedia_, 3rd
ed., s.v. 'Bank and Paper Currency'). Much Indian capital is now
invested in joint-stock companies of every kind.
16. More correctly, Hodal.
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