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days of Manu what little change the revolution of 

 so many centuries has made in the value of money 

 in this country. The rates of interest for money in 

 India, it must be admitted, are extremely arbitrary, 

 varying from 6 to 75 per cent. ; but the following 

 will, I think, give as nearly as is necessary, the 

 prevailing rates all over the country. Bankers 

 lend money to bankers, at 6 per cent, per 

 annum. Bankers lend money, in large sums, to 

 other approved parties, or on good security, mort- 

 gage of landed property &c., at 12 per cent. The 

 normal rate of Bankers interest of the country, 

 for small sums, is 24 per cent. An enormous 

 business, however, in very small sums, is done 

 by Buneeas, small Traders, Headmen See., at J an 

 ana with a surety or pledge, or at one ana or one 

 sixteenth in the rupee, per mensem, without either, 

 or at the rates of 37J and 75 per cent, per annum. 

 Accounts, by European Bankers, are invariably 

 made up half yearly, and by natives, generally, 

 yearly. 



Money transactions between Bankers are carried 

 on at the comparatively low rate of 6 per cent, 

 in consequence of the unexceptionable nature of the 

 security. The Banking system of India is peculiar, 

 and, looking to the present state of society, perhaps 

 the most peculiar feature in it, is the integrity 

 with which it is conducted. The credit of the Bar- 

 ings and Rothschilds in the Western world, is 



