Note 54 — Chapter V
Reading edition
On two occasions this practice has been suspended—in January 1900, when the price rose to 1s. 4⅜d., and in December 1906–March 1907, when it rose to 1s. 43/16d. The reason for the suspension in the second case was the operation of the rule by which the premium charged for telegraphic transfers over the rate for bills depends on the Indian bank rate (see p. 105). The statement made in answer to a question on this subject in the House of Commons (April 30, 1912) by the Parliamentary Under–Secretary was not quite correct.