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Agricultural Indebtedness in India and Its Remedies (Being Selections from Official Documents)

1915

We here again quote the letter of Sir G. Wingate describing the change iu the relations of the parties. The.prosperity of the ryot is no longer necessary to the prosperity of the village money-lender. [...] The invariable use of bonds in the region under report is probably the result of the more precarious character of the ryot's assets due to his greater poverty and to the uncertainty of the climate and it is an indication of the extent to Which the character of ordinary trade transactions has been affected by their alliance with a money-lending business much of which is unsound. [...] In so far as the causes of indebtedness lie in the inherited tendencies of the people such as want of forethought and readiness to promise anything in the future in order to secure present gratification no remedies are possible except through the spread of education the gradual growth of provdent and self-denying qualities under the influence of painful experence and the success of the [...] But where the misfortunes of the landholders have ensued on the introduction of novel institutions somwhat too advanced for their present stage of intelligence and forethought it is the duty of the Government for a time at least to moderate the strigency of the action of those institutions; and this has commonly been the object of the remedies which have been suggested. [...] Contracts the extravagant one-sidedness of which bespeaks a sense of hopeless weakness on the one side and a spirit of unscrupulous exaction on the other have been enforced by the Civil Courts with too mechanical an adherence to the letter of the law and too little regard to the circumstances of the parties and the substantial merits of the case.
agriculture environment
Pages
493
Published in
India
SARF Document ID
sarf.142768
Segment Pages Author Actions
Introduction
i-xi S.C. Ray view
Chapter I. Indebtedness of the Land-Holding Classes
1-39 unknown view
Chapter II. Grant of Loans and Advances to Agiriculturists
40-127 unknown view
Chapter III. Relief of Indebted Agriculturists
128-190 unknown view
Chapter IV. Restrictions on the Alienation of Lands
191-242 unknown view
Chapter V. Provision of Borrowing Facilities
243-468 unknown view
Appendix I
1-6 unknown view
Appendix II
7-14 unknown view

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