The Gazette of India. September 22 1917 (Part VI)

(b) The Government of India have already asked the Local Governments of the chief wheat-growing Provinces to take special steps to stimulate the cultvation of wheat and other foograins during the coming season." The Hon'ble Sir Dinshaw Wacha asked :— Financing 5. " (a) With reference to the communique siunmarising the results of the of exports of commodities conference held on the 3rd Janua [...] dom by reason of the prohibition of the export of gold and silver and the lack of facilities for the sale of Council drafts " The Hon'ble Sir William Meyer replied :— " The Government of India have no information as to the amount of money due to merchants in India for good exported-to the United Kingdom." "PART THE GAZETTE OF INDIA SEPTEMBER 2 1917. [...] taking the same view of the law and holding further `that the Indian law does not recognise the English principle of equity which gives relief to the rate of interest unduly high.' These two are reported cases t to he found in the Patna Law Weekly and I invite the attention of the Hon'ble theHome Member to the facts of those cases. [...] If the large bulk of the agricultural and lower middle-class population of India and in some provinces as in Bengal the landed aristocracy deserve any protection at the hands of the Government against any class of men it is certainly against the money-lehders and the class of men commonly known all over the country as the Mahajans and Sowcars. [...] But still it will not be a mere matter of caprice but judicial discretion and the Courts will have to take into consideration all the circumstances of the case the risk which the money-lender took and the circumstance that the debtor perfectly understood the transaction and knowing the circumstances much better than the Court can possibly do agreed to pay the interest and after maing due allo