Royal Mint to cast coins from bullion from India

April 7, 2014

Britain_Royal_mintLondon, Apr 7: Britain's Royal Mint has started minting coins from Indian bullion cargo recovered from a British ship more than 70 years after it was sunk by a German U-boat.

The British ship with a cargo of 2,800 bars of silver bullion was on its way to London from Kolkata in 1941 when the ship, SS Gairsoppa, was torpedoed by a German submarine off the Irish coast.

The ship spent 70 years lost beneath the waves before being found in 2011, about 460km off the Irish coast, at a depth of three miles, half a mile deeper than the Titanic.

The deepest rescue operation in maritime history was carried out by a US company and the silver bullion was recovered from the seabed.

A portion of it was passed to the Royal Mint which began striking the coins on Friday, edged with the name SS Gairsoppa.

According to a recent report in The Telegraph, Shane Bissett, the Royal Mint's director of bullion and commemorative coin, said: "This incredible story marks yet another exciting moment in the Royal Mint's fascinating 1,000-year history.

"The traditional Britannia coin design, Philip Nathan's elegant portrayal of a windswept Britannia looking out to sea, is the perfect image for the coins struck from SS Gairsoppa's long-lost cargo.

"We are so pleased to be able to bring these coins to the market at long last, albeit more than 70 years later than expected."

According to the report, in December 1940 the Royal Mint was running dangerously low in stocks of silver due to the onset of war and called in emergency supplies from India.

The SS Gairsoppa sailed from Calcutta carrying the silver under the protection of a naval convoy.

But after battling a heavy storm it began running short of coal off the coast of Southern Ireland and was forced to break free and head for the safety of Galway Harbour.

The slow merchant ship was spotted by a German U-boat patrolling the British waters and was torpedoed at 12.08am on February 17, 1941. It sank within 20 minutes.

Three lifeboats were launched but only Second Officer Richard Ayres made it to land and survived to tell the tale.

His lifeboat started with 31 men but after spending 13 deadly days he was the only sailor to make it to dry land alive.

He was awarded an MBE in recognition of his heroic efforts to keep fellow survivors alive, as well as a War Medal for bravery at sea, and amazingly returned to sea nine months later.

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Agencies
July 10,2020

In a first, the Supreme Court on Friday allowed the service of summons and notices, a necessity in almost all legal proceedings, through instant messenger like WhatsApp as well as by e-mail and fax.

A bench headed by Chief Justice SA Bobde observed that it has been brought to the notice of the court that it is not feasible to visit post offices for service of notices, summons, and pleadings. The bench also comprising Justices AS Bopanna and R Subhash Reddy observed that notice and summons should be sent through e-mail on the same day along with instant message through WhatsApp and other phone messenger services.

The bench clarified that all methods should be deployed for a valid service on the party. "Two blue ticks would convey that the receiver has seen the notice," noted the bench.

The bench declined the request of the Attorney General for specifically naming WhatsApp as a mode of effectuating service. The top court noted that it would not be practical to specify only WhatsApp. The apex court also permitted RBI to extend the validity of cheques in the backdrop of lockdown to contain the coronavirus outbreak.

Senior advocate V Giri representing RBI informed the bench that he had circulated the note regarding validity of a cheque as directions issued on the previous hearing.

The bench noted that it will be in discretion of the RBI to issue orders which are suitable to alter the validity of the period of a cheque.

During an earlier hearing on the matter on July 7, the Attorney General contended before the top court that the Centre had some reservations in connection with the utilization of mobile applications like WhatsApp and other apps for service of summons. The Centre's top law officer informed the apex court that these apps claimed to be encrypted, and they were not trustworthy.

The RBI counsel had contended before the top court that it was considering clarifying the validity of a cheque which has been reduced to 3 months from 6 months.

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Agencies
June 27,2020

Mumbai, Jun 27: The Bombay High Court observed that COVID-19 patients from poor and indigent sections cannot be expected to produce documentary proof to avail subsidised or free treatment while getting admitted to hospitals.

The court on Friday was hearing a plea filed by seven residents of a slum rehabilitation building in Bandra, who had been charged ₹ 12.5 lakh by K J Somaiya Hospital for COVID-19 treatment between April 11 and April 28.

The bench of Justices Ramesh Dhanuka and Madhav Jamdar directed the hospital to deposit ₹10 lakh in the court.

The petitioners had borrowed money and managed to pay ₹10 lakh out of ₹12.5 lakh that the hospital had demanded, after threatening to halt their discharge if they failed to clear the bill, counsel Vivek Shukla informed the court.

According to the plea, the petitioners were also overcharged for PPE kits and unused services.

On June 13, the court had directed the state charity commissioner to probe if the hospital had reserved 20% beds for poor and indigent patients and provided free or subsidised treatment to them.

Last week, the joint charity commissioner had informed the court that although the hospital had reserved such beds, it had treated only three poor or indigent persons since the lockdown.

It was unfathomable that the hospital that claimed to have reserved 90 beds for poor and indigent patients had treated only three such persons during the pandemic, advocate Shukla said.

He further argued that COVID-19 patients, who are in distress, cannot be expected to produce income certificate and such documents as proof.

However, senior advocate Janak Dwarkadas, who represented the hospital, said the petitioners did not belong to economically weak or indigent categories and had not produced documents to prove the same.

A person who is suffering from a disease like COVID-19 cannot be expected to produce certificates from a tehsildar or social welfare officer before seeking admission in the hospital, the bench noted and asked the hospital to deposit ₹10 lakh in court within two weeks.

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Agencies
July 2,2020

Paris, Jul 2: Several interacting exoplanets have already been spotted by satellites. But a new breakthrough has been achieved with, for the first time, the detection directly from the ground of an extrasolar system of this type.

An international collaboration including CNRS researchers has discovered an unusual planetary system, dubbed WASP-148, using the French instrument SOPHIE at the Observatoire de Haute-Provence (CNRS/Aix-Marseille Universite).

The scientists analysed the star's motion and concluded that it hosted two planets, WASP-148b and WASP-148c. The observations showed that the two planets were strongly interacting, which was confirmed from other data.

Whereas the first planet, WASP-148b, orbits its star in nearly nine days, the second one, WASP-148c, takes four times longer. This ratio between the orbital periods implies that the WASP-148 system is close to resonance, meaning that there is enhanced gravitational interaction between the two planets. And it turns out that the astronomers did indeed detect variations in the orbital periods of the planets.

While a single planet, uninfluenced by a second one, would move with a constant period, WASP-148b and WASP-148c undergo acceleration and deceleration that provides evidence of their interaction.

The study will shortly be published in the journal Astronomy & Astrophysics.

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