Again, India suffers from a tax which prevents the export of rice
except on a tariff which is sometimes as high as 14½ per cent. on
the value of the rice. This not only handicaps India in its exports
when compared with other countries, but it drives the natives to
grow less remunerative crops of oilseeds for export, and the result
of this is that, when famine arises, there is no surplus food which
might be retained from exports, and thus prevent the painful scenes
of starvation and distress that India has witnessed of late years.
To take off the tax would prevent depletion, for no foreign country
could compete with the demand which failure of crops in any part of
India would inevitably cause.
There is about £32,000,000 of English capital invested in Indian
manufacturing industries, of which £18,000,000, or more than
one-half, is invested in indigo, tea, coffee, jute, cotton, sugar,
coal and iron industries, and how are these thriving? Everywhere
throughout Bengal you see the ruins of English Indigo factories.
Coffee and tea are struggling hard for existence. Planters are
ruined, and their estates bought at depreciated rates in times
of depression. This enables the industries to survive with some
show of prosperity in good times. Agricultural industries, such as
coffee or tea, draw off surplus population, and employ them on land
that would otherwise be uncultivated. Coal is doing fairly, but
not nearly so well as it might do if our manufacturing industries
prospered.
Cotton manufacture sprung up under a protective tariff, and
appeared to be prospering; but selfish Manchester called aloud
for the sacrifice of the industry. The tariff was removed, and
the industry is left to struggle for life, or perish, as it may.
Several capitalists who have embarked capital in cotton manufacture
on the faith of this tariff, have lost their money. Everywhere in
India, you may see evidences of native iron manufacture crushed out
by Free Trade, with nothing but slag heaps remaining to testify
to former prosperity. The splendid native iron being superseded
by cheap worthless iron of English manufacture. Many attempts
have been made by English capitalists to revive, or start, fresh
iron industries, but they have one and all been crushed out
for want of a little fostering protection. The latest attempt
nearly succeeded, but the modest request for a little help was
sternly refused:--What!!! Foster your industry? What sacrilege
to advocate the violation of every principle of Jugernāth!!!
and so the helpless babe was thrown under the relentless wheels
of Jugernāth. There was a crunch,--a faint moan from the ruined
shareholders,--and then all was over. Hurrah for Jugernāth!! Pereat
India!!!
FOOTNOTES:
[98] “India is suffering seriously in several ways, and is sinking
in poverty.” (Poverty of India, by Dadabhai Naoreji.)
[99] “India is, on the whole, a very poor country: the mass of the
population enjoy only a scanty subsistence.” (Lord Lawrence, 1864.)
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account