APPENDIX
APPENDIX TO CHAPTER XIX§ 1 (to Ch. XIX, § 4)
Tables giving basic data
Table I
London Rates of Interest and Wholesale Price Index, 1820-1927
Interest
Rates
Wholesale
Price
Index
(1867-1877= 100)
Year
Interest
Rates
Wholesale
Price
Index
(1867-1877= 100)
Year
Inte11a 'i
rest
[•ES
Wholsale
Price
Index
(1867-1877= 100)
Mar-
ket
Bank
Mar-
ket
Bank
Mar-
ket
Bank
1820
112
I860
4.1
4.2
99
1900
3.7
4.0
75
1R5M
106
1861
5.5
5.3
98
1901
3.2
3.8
70
1822
101
1862
2.4
2.5
101
1902
3.0
3.3
69
1823
103
1863
4.3
4.4
103
1903
3.4
3.8
69
1824
3.5
4.0
106
1864
7.4
7.4
105
1904
2.7
3.3
70
1825
3.9
4.0
117
1865
4.6
4.8
101
1905
2.6
3.0
72
1826
4.5
5.0
100
1866
6.7
6.9
102
1906
4.0
4.3
77
1827
3.3
4.5
97
1867
2.3
2.6
100
1907
4.5
4.9
80
1828
3.1
4.0
97
1868
1.8
2.1
99
1908
2.3
3.0
73
1829
3.4
4.0
93
1869
3.0
3.2
98
1909
2.3
3.1
74
1830
2.8
4.0
91
1870
3.1
3.1
96
1910
3.2
3.7
78
1831
3.7
4 0
92
1871
2.7
2.9
100
1911
2.9
3.5
80
1832
3.1
4.0
89
1872
3.8
4.1
109
1912
3.6
3.8
85
1833
2.7
4.0
91
1873
4.5
4.8
111
1913
4.4
1.8
85
1834
3.4
4.0
90
1874
3.5
3.7
102
1914
2.9
4.0
85
1835
3.7
4.0
92
1875
3.0
3.2
96
1915
3.7
5.0
108
1836
4.2
4.4
102
1876
2.2
2.6
95
1916
5.2
5.5
136
1837
4.5
5.0
94
1877
2.3
2.9
94
1917
4.8
5.2
175
1838
3.0
4.1
99
1878
3.5
3.8
87
1918
3.6
5.0
192
1839
5.1
5.1
103
1879
1.8
2.5
83
1919
3.9
5.2
206
1840
5.0
5.1
103
1880
2.2
2.8
88
1920
6.4
6.8
251
1841
4.9
5.0
100
1881
2.9
3.5
85
1921
5.2
6.2
155
1842
3.3
4.3
91
1882
3.4
4.1
84
1922
2.7
3.7
131
1843
2.2
4.0
83
1883
3.0
3.6
82
1923
2.7
3.5
129
1844
2.1
2.5
84
1884
2.6
3.0
76
1924
3.5
4.0
139
1845
3.0
2.7
87
1885
2.0
2.9
72
1925
4.1
4.6
136
1846
3.8
3.3
89
1886
2.1
3.0
69
1926
4.5
5.0
126
1847
5.9
5.2
95
1887
2.4
3.3
68
1927
4.3
4.7
122
1848
3.2
3.7
78
1888
2.4
3.3
70
1849
2.3
2.9
74
1889
2.7
3.6
72
1850
2.2
2.5
77
1890
3.7
4.5
72
1851
3.1
3.0
75
1891
2.5
3.3
72
1852
1.9
2.2
78
1892
1.5
2.5
68
1853
3.7
2.7
95
1893
2.1
3.1
68
1854
4.9
2.1
102
1894
1.0
2.1
63
1855
4,7
2.9
101
1895
.8
2.0
62
1856
5.9
6.1
101
1896
1.4
2.5
61
1857
7.1
6.7
105
1897
1.8
2.6
62
1858
3.1
3,2
91
1898
2.6
3.3
64
1859
2.5
3.7
94
1899
3.3
3.8
68
Sources:
The market rates of interest:
The prevailing rate on prime bankers’ or merchants three months bills.
1824-1858: Evidence of D. B. Chapman before the Committee on the Bank Act, 1857,Sess. 2, X, Pt. I, p. 463. (Also reprinted in Hunt’s Merchants’ Magazine, Vol. 41,1859, p. 95.)
1858-1927: Computed from The Economist , Commercial History and Review, Supple-ment, published annually.
The bank rates of interest:
The discount rate of the Bank of England.
1824-1843: Burdett's Official Intelligencer, 1894, p. 1771.
1844-1885: Report of the Royal Commission on Depression of Trade, 1886, p. 373.1885-1927: Computed from The Economist , Commercial History and Review, Supple-ment, published annually.
Wholesale Price Index (1867-1877 — 100):
Sauerbeck-Statist, Journal of The Royal Statistical Society, Vol. XCI, Pt. Ill, 1928,pp. 394-411.
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