India's Sterling Balances


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Bombay: People's Publishing House, (1945). 12mo. Wraps. 31 p. [12010]


"The accumulation of India's sterling balances and the problems created by it are the outcome of the imperialist policy of ruthless exploitation of colonies. India was defrauded of Rs. 1,400 crores worth of goods and nothing was offered in return except a promise to pay. She had to pass through famine and suffer millions of deaths as a result of this policy. Now when the time has arrived to redeem their promise the imperialists wish to wash their hands of the debt and covertly or openly repudiate their obligation".

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