text_original: By the first, the banking department of the Bank of England was absolutely separated from the issue depart  , ment and the latter was placed under stringent regulations.
text_transcription: BY THE FIRST THE BANKING DEPARTMENT OF THE BANK OF ENGLAND WAS ABSOLUTELY SEPARATED FROM THE ISSUE DEPARTMENT AND THE LATTER WAS PLACED UNDER STRINGENT REGULATIONS
phonemes: baɪ ðə fˈɜːst, ðə bˈæŋkɪŋ dᵻpˈɑːɹtmənt ʌvðə bˈæŋk ʌv ˈɪŋɡlənd wʌz ˌæbsəlˈuːtli sˈɛpɚɹˌeɪɾᵻd fɹʌmðɪ ˈɪʃuː dᵻpˈɑːɹt  , mˈɛnt ænd ðə lˈæɾɚ wʌz plˈeɪst ˌʌndɚ stɹˈɪndʒənt ɹˌɛɡjʊlˈeɪʃənz.