50 T^otes on Indian Currencies. [no. 1, new series, 
*' pay 8 tares per diem which amounts to J a fanam. The fanam is 
" a small piece of gold worth 16 tares, and the tare is a small sil- 
" ver coin worth about a ^d. Each native has not above 4 tares a 
" day when he keeps guard in a house, but when he travels he has 
double pay." 
In an old Fort St. George Journal for 1716 is an entry for the 
1"16 A D iiioJith of May, " Rupees Madrass Dr. to Edward 
' ' ' " Harrison, Esq., Mint Master, Pagodas 238-32, for 
" 836| Rupees received of him account coinage at 350 Rups. per 
" 100 Pag." And in the June Journal, " Rupees Madrass Dr. to 
Edward Harrison, Esq., Mint Master, Pag. 105-9-0, for 268-5-0 
" dd. out of the Mint into the Warehouse^account coinage for the 
" month of May at 350 Rups. per idO Pag.," and so on for other 
months. 
Pagodas and Fanams were the old money of account at Madras, 
and were reckoned in this wise. 
10 Cash made a Dudy. 
8 Dudies made a Fanam. 
45 Fanams made a Pagnda. 
Lullier has given an account of Pondicheriy in 1722, and alluded 
\''2'> AD currency in these words. " The Company 
" (French) as Sovereign of Pondicherry and its de- 
*' pendencies causes money to be coined there in the name of the 
" king. Cowries are not taken in payment, which however are 
*' current in the country, although no more than little shells 20 of 
" which are worth a liard. They also use caches (cash) a small 
" piece of copper worth a denier : the largest pieces of silver are 
" valued at 4 sols ; and their coins called Pagodas J a pistole." 
Stavorinus in his account of his voyage to the East mentions 
eold and silver Rupees as current in Bengal and 
176S-1771 A.D. \ , , , f PTx. , 
throughout the whole extent oiHmdostan, stamped 
with Persian letters instead of any portrait or arms. " When the 
" Rupees first come from the mint they are called Sicca Rupees 
*' of the first year, and they decrease every year in value, and at 
the end of nine years arc taken at the same rate as Arcot Rupees. 
Those coined at Moorshebad are the current coin in which the 
