Summary:  Government is in the business of regulating and providing financial relief in the first place. The argument against grants of loans in India seem to be based on concerns for Government's own interests and those of trade, but the benefits of earning interest on surplus balances held in India and the availability of funds for public works outweigh any potential risks. The push for investment in rupee securities within India rather than elsewhere reflects a desire for national ownership and self-respect in monetary affairs, which could enhance the popularity and use of paper currency. The need for an elastic system and responsible financial management, including restrictions on investments in securities, are vital for ensuring the stability and integrity of the currency system in India.