96 [No. 96 ECONOMIC CONDITIONS Year. Revenue. Expenditure.

1909 1910 . 1911 1912 1913 1914 1915 1916 £ 204,863 181,705 237,422 242,483 275,126 234,701 267,405 281,162 f 189,014 192,925 207,951 334,6791 248,356 213,091 203,968 280,203 The gold coins of the Royal Mint inEngland or of any Mint established as a branch of the Royal Mint are legal tender to an unlimited amount at the rate of 15 rupees to a sovereign . The British India rupee is the standard coin of Zanzibar, while the smaller silver coins—the half, quarter, and eighth rupee — are legal tender for sums up to 5 rupees. Seyidie copper pice, at the rate of 60 to 1 rupee, may be used forpayments not exceeding 1 rupee. Government notes of 5, 10, 20, 30 , 50, and 100 rupees were in circulation in December, 1916 , to the value of Rs. 1,665,715 . This issue of notes is secured by cash held in the proportion of 60 per cent. and by War Loan. Indian Rupee Paper, and Colonial Government securities covering the remaining 40 per cent. of the face value of the notes.

Before the war three banks were represented in Zan zibar — the National Bank of India, the Standard Bank of South Africa , and the Chartered Bank of India , Australia, and China.

While, generally speaking,there is no great scope for commercial investment within the Protectorate, in dividual or joint enterprise has opportunities in the acquisition and development of plantations of cloves. coconuts, and possibly sisal, rubber, and cacao .

Includes purchase price of railway, telephones, and electric lighting works .