APPENDIX
Table V
Calcutta Rates of Interest and Wholesale Price Index, 1861-1926
Year
Inter-
est
Rates
WholesalePriceIndex(July 1914= 100)
Year
Inter-
est
Rates
WholesalePriceIndex(July 1914= 100)
Year
Inter-
est
Rates
WholesalePriceIndex(July 1914= 100)
Bank
Bank
Bank
—
1890
5.8
63
1920
6.1
201
1861
4.2
50
1891
3.1
64
1921
5.6
178
1862
5.1
50
1892
3.5
71
1922
5.8
176
1863
5.5
52
1893
4.9
69
1923
6.0
172
1864
8.7
56
1894
5.4
66
1924
6.7
173
1865
6.9
59
1895
4.3
64
1925
5.6
159
1866
9.1
67
1896
5.7
70
1926
5.2
148
1867
5.1
63
1897
7.9
82
1868
5.8
57
1898
8.1
67
1869
6.0
63
1899
5.9
65
1870
5.7
58
1900
5.3
77
1871
4.7
50
1901
5.5
75
1872
5.0
53
1902
4.9
69
1873
3.9
54
1903
4.9
66
1874
6.2
58
1904
4.9
65
1875
5.7
52
1905
5.1
72
1876
6.8
54
1906
6.4
85
1877
8.4
69
1907
6.1
90
1878
5.3
74
1908
5.8
96
1879
6.3
68
1909
5.2
86
1880
4.7
59
1910
5.3
81
1881
5.3
53
1911
5.5
83
1882
6.6
53
1912
5.4
93
1883
6.8
53
1913
6.0
98
1884
6.4
57
1914
5.5
100
1885
5.4
57
1915
5.7
112
1886
6.0
55
1916
6.9
128
1887
5.6
56
1917
6.0
145
1888
5.5
60
1918
5.5
178
1889
7.0
63
1919
5.6
196
Sources:
The bank rates of interest:
The annual average bank rate at the Bank of Bengal and the Imperial Bank of India.1861-1869: Furnished by Messrs. Place, Siddons, and Gough, Brokers, of Calcutta. 1870-1920: India, Department of Statistics, Statistical Tables Relating to Banks inIndia, 7th issue, 1920, p. 9.
1921-1926: Ibid, 13th issue, 1926, p. 9. These data are for the Imperial Bank ofIndia.
Wholesale Price Index (End of July 1914 = 100):
1861-1913: Atkinson's Wholesale Price Index, 1861-1908. From 1909 to 1918 compiledby the Department of Statistics of India on same line of construction as employedby Atkinson. ‘Converted to the base of end of July 1914 = 100. Published in theJournal of the Royal Statistical Society, March, 1897, June, 1898, March, 1903,September, 1909.
1914-1926: Wholesale Price Index of the Indian Commercial Intelligence Department(Statistical Branch). Published in Prices and Waoes in India , July, 1914-December,1918, and in the Indian Trade Journal, 1921-1926.
[ 524 ]