Page:Indian Journal of Economics Volume 2.djvu/408

892 H. (TA L VE R T market was brought into The result was s rapid increase value o! transactions in land. ?ouch wi?h ?ho province. in ?ho number and The gross sum paid for land had risen ?o of rupees. was 10 lskhs in 1869-70; five years later it. 15 lskhs, and 1879-80 i? was 80 lal&s That .those sales were due to surplus money seeking invostmon? rather than to strainned economic conditions is indicated by ?ho fao? ?hs? ?hey were most frequent in the most The monoy-londin? buyer not always allowed to take in peace, but as the power of the courts policy of steady sggrsndisomont st the prosperous dis?o?s. (bsnis) was, s? ?his time, possession of his purebase increased his expense of the old landowning class was made more safe and more profitable. About 1876-7, the tendency for agriculturists to embark on money-lending attracted notice. Nearly half the land sold was transferred to members of agricultural tribes and the eager readiness with which the. farming class iste neighborhood upward movomon? bough? up plot.s in ?hoir undoubtedly contributed of prices. irarood- to ?he ing one ending in In spite of this 1892-8 it was 338,000 sores. remarkable increase in ?he sold (which includes mortgages converted into sales) there was s still more remarkable rise in the price paid. In the early days ?n sere; about was ten rupees. land 186.9 the average Thereafter the in 8irss sold for six annas for the province upward movement may be illustrated by the following figures :-- 1875-76 Aversgo pries per sere Bs. 20, or 81 x land revenue 1880-81 ,, ,, ,, Rs. 18, or 82x ,, ,, 1885-86 ,, ,, ,, Rs. 16, or 86 x ,, ,, 1890-91 ,, ,, ,, Ils. 80, or 50x ,, ,, In the quinquonnium ending in 1877-8 ?he average ares annually sold was 98,000 sores, in ?he quin- quennium ending wi?h 188fl-8 i? was 160,000 acres; in ?he nex? i? was 810,000 sores and in the follow-