They vary in wealth and position
from the humblest 'gombeen man' to the millionaire banker. Many of
these money-lenders are now among the largest owners of land in the
country. Under native rule interests in land were generally too
precarious to be saleable. The author did not foresee that the growth
of private property in land would carry with it the right and desire
of one party to sell and of another to buy, and would thus favour the
growth of large estates, and, to a considerable extent, counteract
the evils of subdivision. Of course, like everything else, the large
estates have their evils too. Much nonsense is written about sales of
land in India, as well as in Ireland. The two countries have more
than the initial letter in common.
3. Theorists declare that it is right that the tax-payers should know
what is taken from them, and that, therefore, direct taxes are best;
but practical men who have to govern ignorant and suspicious races,
resentful of direct taxation, know that indirect taxation is, for
such people, the best.
4. This illustration would give a very false idea of modern Indian
finance.
Pages:
1213
1214
1215
1216
1217
1218
1219
1220
1221
1222
1223
1224
1225
1226
1227
1228
1229
1230
1231
1232
1233
1234
1235
1236
1237