Note 52 — Chapter V
Reading edition
The rule is supposed to be that the extra charge for transfers is 1–32d. per rupee when the Indian bank rate is below 9 per cent, and 1/16d. when it is 9 per cent or above. The last occasions, on which the difference of 1/16d. was in force, occurred between December 1906 and March 1907. In 1904 and formerly the 1/16d. difference came into force when the Indian bank rate exceeded 6 per cent.