Note 123 — Chapter II

The rate of discount of the Bank of Bengal for private paper running thirty days and after was altered— In 1876 16 times, with 6½ per cent. as minimum and 13½ per cent. as maximum. In 1877 21 times, with 7½ per cent. as minimum and 14½ per cent. as maximum. In 1878 10 times, with 5½ per cent. as minimum and 11½ per cent. as maximum. In 1879 15 times, with 6½ per cent. as minimum and 11½ per cent. as maximum. In 1880 8 times, with 5½ per cent. as minimum and 9½ per cent. as maximum. In 1881 9 times, with 5½ per cent. as minimum and 10½ per cent. as maximum. In 1882 9 times, with 6½ per cent. as minimum and 12½ per cent. as maximum. In 1883 14 times, with 7½ per cent. as minimum and 10½ per cent. as maximum. (Van Den Berg, loc. cit.)