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-