Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq
Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq
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In our eReader you can find the full English version of the book. Read Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq
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To quickly assess the difficulty of the text, read a short excerpt:
In England the land is looked upon as the most secare investment for money, and is certainly the favourite one. But who hears of a wealthy native in Guzerat investing his money in land ?
Between the government tax and the ryot's subsistence, there is nothing left for him to purchase. The class who would be most likely to improve the land, the monied class, is thus kept wholly disconnected from it. Let me not omit to mention that a large proportion of the trans- fers which are made, for a small ...consideration, between ryot and ryot, are made in very favourable years, when the temporary high prices of products enable the occupier to show a small surplus profit after paying his rent and maintaining his family. But in ordinary years he can scarcely do this, and, on the average of years, has hardly any thing left to which a purchase value can be attached.
But it may be asked, how comes it, if land is valueless as a purchase^ that it is held to be good as a security ? In the first place, it is the best, if not the only security the borrower has to offer ; and when taken, it is not so much upon the land as upon his known attachment to the land, that the lender relies.
What to read after Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Mackay to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In England the land is looked upon as the most secare investment for money, and is certainly the favourite one. But who hears of a wealthy native in Guzerat investing his money in land ?
Between the government tax and the ryot's subsistence, there is nothing left for him to purchase. The class who would be most likely to improve the land, the monied class, is thus kept wholly disconnected from it. Let me not omit to mention that a large proportion of the trans- fers which are made, for a small ...consideration, between ryot and ryot, are made in very favourable years, when the temporary high prices of products enable the occupier to show a small surplus profit after paying his rent and maintaining his family. But in ordinary years he can scarcely do this, and, on the average of years, has hardly any thing left to which a purchase value can be attached.
But it may be asked, how comes it, if land is valueless as a purchase^ that it is held to be good as a security ? In the first place, it is the best, if not the only security the borrower has to offer ; and when taken, it is not so much upon the land as upon his known attachment to the land, that the lender relies.
What to read after Western India. Reports Addressed to the Chambers of Commerce of Manchester, Liverpool, Blackburn, And Glasgow, By Their Commissioner, the Late Alexander Mackay, Esq?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Mackay to read onlineMoreLess
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