EASTERN BANKING. •
At the meeting of the Eastern Bank the Chairman amply confirmed what had been said at the meeting of the Mercantile Bank-with regard to the great volume of exports-from India. Referring to the Royal Commission, now sitting, on Indian Currency, Mr. Haskell, the Chairman of the Eastern Bank, expressed the hope that the recommendations of that Com- mission might lay down definite regulations as to the manner in which purchases of sterling should be made. He maintained that a notification of a fixed date, with the amount to be purchased and the minimum rate, was urgently called for. He also suggested that on each occasion details of the resulting purchase should be actually published as was the case when India Council Bills were sold in London.
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