Page:Indian Journal of Economics Volume 2.djvu/410

 394 H. OAL FER2' that the general rise in price is also marked in districts without canal irrigation and in tracts without wells. In part the increase may be due to the price ot agricultural products, but the influence of this factor is difficult to estimate. In 1869 wheat was selling st 18 seers per rupee; it fell steadily from 1871 (90 s9e. rs) to 1877 (27 seers) and then rose sharply to 18{ seers in 1879. The continuous steady high price in recent years due to better communications with good markets may seecunt for part of the increased value of land to exporting districts, but it cannot have had much effect in districts which consume The expenses of cultivation Bullocks were Rs. 85 each in price cannot be less than Rs. 80 and have similarly gone o,p in price. be remembered that any increase tion affects the ;hole produce, while a rise price o! the produce only affects the portion sold. marked leniency in assessment o! the demand has enabled the cultivator to their own produce. have risen considerably. 1870, now the average other It must in cost of produe- in the The government keep more of items always the surplus assets for himself. averaged Re.l-l-3 per cultivated is Re.l-8.6, nearly the whole of to the extension of In 1868-9 the demand irrigation. acre, at present i the rise being due The increase in the less than the real expansion of cultivation States of America caused government demand on the same class of soil is actually the increase in prices of produce so that burden has been lightened.  The rapid in the central and western land prices to fall all over Europe; and even in America itself as recently. as from 1880 to 1900 there was an annual decrease in I Note. It seams doubtful, however, whether the infiuenoe of the hnieney of the land revenue denmud is not sometimes overesti. In the last annufd report, the denmud is given  Be. 1-8-0 per sore, the prioo over 150 tintes this and the average produce as Its. 5. If the rent Is half the produ or Its. 1.8; then the return is .9 per oent: total remission of the demand oould inormme this to 5.5 per oent and doubling it would reduce it to 4.. Such ranall differenoes oan hardly ocount for present high prioes.