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Mr. MacCAW
asked the Under-Secretary of State for India the average rate of interest charged for loans by the banks of Bengal, Bombay, and Madras, respectively, for each of the years 1908, 1909, 1910, 1911, and 1912?
Mr. MONTAGU
The following statement shows the mean of the weekly Bank rates notified by the three Presidency banks in India in each year from 1908 to 1912, both inclusive:—
| Rate of Interest Charged. | ||||
| Year. | Bank of Bengal. | Bank of Bombay. | Bank of Madras. | |
| 1908 | … | 5.8 | 5.8 | 6.4 |
| 1909 | … | 5.2 | 5.1 | 5.8 |
| 1910 | … | 5.3 | 5.2 | 5.9 |
| 1911 | … | 5.5 | 5.0 | 5.9 |
| 1912 | … | 5.4 | 5.1 | 6.1 |