The Sacrifice of India by William E Bear at Bookstore UAE
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The Sacrifice of India

The Sacrifice of India


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1886 Excerpt: ... APPENDIX. SILVEE AND WHEAT. To the Editor of the "Economist." Sin, --Without drawing any conclusion upon the main issues of the currency question, I should like to call the attention of the skilled economists who read your journal to the effect of the depreciation in the value of silver upon the export of wheat from India. The subject is not new, but the test of actual prices and expenses has not yet been brought sufficiently to bear upon it, and such a test it is my object to place before your readers for examination. In some letters to the Times, Mr. James Howard has recently contended that the low exchange value of the rupee does not produce the effect of a bounty on the export of Indian wheat, and the Times, in a leading article, has endorsed his statement. The argument is based on the assumption that the value of the rupee fluctuates in the interior of India as it does in London, but every authority I know of admits that, for rent and interest, the only large payments of the Indian wheat grower, the value of the rupee is practically unchanged since the time when it was about 2s. in London. That being the case, it follows that the exporter of Indian wheat can afford to pay the ryot a number of rupees for a given quantity of wheat, which are worth much more to the latter than their cost to the former, and the difference is practically a bounty on the export of Indian wheat. Being desirous of testing the correctness of some calculations which I had based on some figures given by the Times of India, showing the cost of wheat at Jubbulpore, the freight by land and sea to London, and the amount of trade charges, I submitted them to the criticism of the experts who read Beerbohm's Corn Trade List, asking for correction if I had made any mistake, and as no one ...


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Product Details
  • ISBN-13: 9781151379115
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 22
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1151379115
  • Publisher Date: 08 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 59 gr


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