Strachey was a son of Lt-Gen Sir Richard Strachey and Lady (Jane) Strachey, and a brother of the writer Lytton Strachey.
From that time he continued to take an active part in the efforts made to bring the currencies of India and England into harmony, until in 1892 he was appointed a member of Lord Herschell's committee, which arrived at conclusions in accordance with the views put forward by him in 1878.
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