Note 1 — Chapter I · LORD DERBY’S SECOND ADMINISTRATION.
Reading edition
In 1847 the rate of discount had risen to 8 per cent., and the bullion in the Bank had fallen to £8,313,000. On the 9th of November, 1857, the rate of discount rose to 10 per cent., and yet gold still flowed out till it sank to £7,171,000. The Bank was authorised to increase its issue by £21,000,000.