THE EFFECTS OF HIGH EXCHANGE AND INCREASED PRODUCTION 
ON THE TEA INDUSTRIES OF INDIA AND CEYLON. 
13, Rood Lane, 
Dear Sirs, London, e.c. 
The diagram we give below shows how prejudicially the rise in Exchange during 
the last two years has affected the Tea industries of India and Ceylon 
We also bring out a few points on this subject for the consideration of those affected, 
in the hope of inducing them to use every endeavour to have what is practically a differential 
tax on British-grown Tea removed. 
For many years we have impressed upon producers the necessity of forcing their 
product into new markets as the only means of counteracting the effects of increased 
production, and on the last page of this Circular we give another diagram showing to what 
extent the efforts made in this direction have succeeded. 
August T,rd, 1898. 
We are, Dear Sirs, Yours faithfully, 
GOW, WILSON & STANTON. 
Diagram showing the fall in the average price of British - grown Tea; also the 
variations in the value of the Rupee and the approximate return In Rupees to the 
Tea planter at the various rates of Exchange. 
S.D., 
\'7 
ANNA 
10 
1836 
1887 1888 1889 1890 1891 1892 1393 1894^ 1895 1896 1897 
RUPEE EXC HANGE 
I- 
to <v 
LONDON AVERAGE PRICE (sTERUNG) 
9% 
8^- 
EQUIVALENT (RUPEES J 
S3 Cents 
A. P. 
7 9. 
SS Cents 
A p. 
a. f. 
48 Ctnts 
S,D. 
I'* 
\k 
V\ 
I'- 
ll 
10 
9 
CENTS 
62 
56 
50 
44 
I he black line shows the annual average value in sterling of the rupee. 
The green line slums the annual London average price of British-grown Tea. 
T he red line shows the approximate rupee eqvivalent of the London price at the various rates of 
exchange, after allowing for freight, London warehouse expenses, &c., which are paid for tn sterling. 
