164 



ever be permitted to slip altogether from the hands 

 of the Sovereign, is an idea that could not, with 

 safety to the best interest of the Country, be enter- 

 tained. The real remedy for this difficulty, however, 

 is not the leavening of the Indian services from 

 England; but the converse the employment or 

 apprenticeship of some members of the Indian ser- 

 vices in England. But, strange to say, against this 

 plan, simple and inexpensive as it would be, the 

 Home authorities have ever set their faces. Yet we 

 have living instances of the success of the plan. 



But to return to my subject. In regard to a 

 permanent settlement of the land revenue of India, 

 it is obvious that, in principle, it is precisely the 

 same as redemption, the only difference being, that 

 in the one case the income is distributed over an 

 indefinite term of years, and in the other it is capital- 

 ized. In both cases the income is fixed for ever. 

 For instance, if A buys a house worth 1,000, and 

 B buys a house of the same value ; but the house 

 that A buys, bears a ground rent of 5 a year, and 

 the land on which the house that B buys is held in 

 fee simple, A will only pay for his house 1,000, 

 while B will have to pay 1,100 ; or 100 more than 

 A, supposing the normal rate of interest for money 

 in the country in which the house may be situated 

 to be 5 per cent, or 125 if it be 4 percent., 166 

 and some odd shillings if it be 3 per cent., and so on. 

 This is clear and simple, and it will follow, that, 

 from this point of view, the only point to be consid- 



