50 Notes on Indian Currencies. [no. 1, new series, 



u 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 

 month of May, " Rupees Madrass Dr. to Edward 



1716 AD 



" Harrison, Esq., Mint Master, Pagodas 238-32, for 

 " 836 J Rupees received of him account coinage at 350 Rups. per 

 " 100 Pag." And in the June Journal, " Rupees Madrass Dr. to 

 u 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 100 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 Pagoda. 



Lullier has given an account of Pondicherry in 1722, and alluded 



to the currency in these words. - " The Company 

 1722 A. D. . r J 



" (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 § a pistole." 



Stavorinus in his account of his voyage to the East mentions 



1768 1771 A D an< ^ s ^ ver -^ u P ees as current in Bengal and 

 throughout the whole extent of Hindostan, 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 are taken at the same rate as Arcot Rupees. 

 " Those coined at Moorshebad are the current coin in which the 



