Note 74 — Chapter VI
Reading edition
For the movements of the Indian bank–rate in the autumn and spring of 1907–8, see the chart appended to Chap. VIII. Eventually, on January 16, 1908, the Bengal rate did rise to 9 per cent (the Bombay rate did not rise to this level until February 7); but this is not very abnormal in the winter, and the average rate for money in 1907–8 was lower than in the corresponding season of the two busy years 1905–6 and 1906–7.