Page:Indian Journal of Economics Volume 2.djvu/200

 188 KEATINGE intact, they have failed to accomplish their object adeqnately. (8) Remedial legislation has been found necessary and has been adopted in a large number of the most progressive countries to remedy the evils cansod by their law of in.heritance. (4) In some cormtries where the law of inheritance does not favor sub-division the new legislation has aimed at the partition of large estates, while in other countries where the sub-division law of inheritance does favor the new legislation has aimed at the the existing small holdings. it may seem that this acceptance of enlargement and consolidation of At first sight involYes the two opposing principles, but !n reality this is not so, since the object in either case is to create and t maintain reasonably sized and reasonaMy situated economic holdings for peasant-farmers. (5) To secure this end the legislation been drastic, inoling'the principles of-- (a) compulsory expropriation, (b) the compulsion of all concerned to accept restripment when a certain fraction of the land-holders desire it, and ir extreme cases een withou the desire of a certain fraction, (c) the subsequent indB%ibility o! the reconstituted holding, (d) the exemption of the reconstituted hold- ing from seizure for debt, incling the condition that loans cannot be raised on the security of the holding, (e) not allowing the reconstituted holding to be combined with other holdings. ]]as