Page:Indian Journal of Economics Volume 2.djvu/624

 H. STANLEY JEVON$ (1) In Bengal, Bihsr and Orissa, and revision of the "permanent" settlement by indirect means with the consent of & popularly elected Legislative Council in each province; mineral royalties. (2) direct or 5,ud taxation of In Bombay, Agra and Oudh, and temporarily parts of Madras, by & tess of 80 per cent settled on the land revenue, but subject to reduction i[ the total of land revenue plus ceases exceeds 50 per cent of the assets st the time. (8) In the Punjab by the sale of colony lands to settlers on deferred payment system st the approxi- mate market value (Rs. 100 to Its-.400 per acre) instead of st the nominal figure of Es. 1-8 per sere. If in the past land had been sold st & figure more nearly corresponding with its market value, & very large amount of e&pitsl would have been available for developing the colonies with metalled roads and light The eommunie&tions are st present quite railways. inadequate. (4) In all growing cities and urban areas through- out India land values are rising rapidly, and.either the income from urban land, or the increment of market value should be taxed. ' These sources of most properly drawn funds are &11 such upon as can be for purposes of economic are precisely of such & development, because they nature that they will be further augmented by the very measures of-development which they are used to finance, assuming the guiding principle to be that the funds are expended in the area from which they are specially derived. It does not matter whether the new funds are used directly for capital expen- diture, or whether new revenue is used to support loans, as well as for recurring expenditure on &gricul- ture and trade instruction etc. I do not propose, o!