Abstract: A bi-directional, digital data transmission system is disclosed for transmitting an interrogation signal in a first direction from an interrogation unit to a data gathering transponder unit, and a data return signal in a second direction from the meter or data gathering transponder unit to the interrogation unit. This system comprises a single transformer having a primary winding coupled to the interrogation unit and a secondary winding coupled to the transponder unit. The interrogation unit generates an interrogation signal comprised of a first train of regularly occurring digital clock pulses and transmission interval pulses, each transmission interval pulse defining a transmission interval for the transmission of the data return signal. The transmission interval is set to be of a sufficient length to permit the transformer to desaturate to a level to permit efficient transmission of the data return signal to the interrogation unit.