[Trade.] There is no tradition of any old form of currency, such as
beads, or gongs, though thin key-shaped pieces of iron (chabli) such as
the Aos used to use as currency are occasionally owned as heirlooms.
Trade was apparently always carried on by barter in the days before the
British coinage came into use. Even nowadays cotton which is taken down
to the plains is almost invariably bartered for salt. A peculiar custom
obtains when mithan, ivory armlets and boar’s tushes are bought and
sold. These articles are particularly liable to be infected with evil
fortune, certain marks being regarded as unlucky, and so on. An old man
is therefore always employed as an intermediary (lantse or thantsowe)
between the parties, and he finally settles the price when the
bargaining has gone on long enough. Any ill luck is believed to attach
itself to him as nominal buyer, rather than to the real buyer, who pays
him a commission of Re. 1 for a mithan, eight annas for an ivory armlet
and four annas for a pair of boar’s tushes. If anything intimately
connected with the person, such as a cloth or a dao, be sold the seller
retains a thread from the cloth or scrapes a tiny shaving off the
handle of the dao, for were he to sell the whole of something which was
almost part of himself the buyer might be able to exercise some magical
influence over him. [74]
Loans.
The rate of interest on loans varies according to the nature of the
thing lent. That on money is usually 50 per cent. simple interest,
running for two years only. The interest on rice is four baskets a year
for every six baskets borrowed. The interest has to be paid year by
year till the principal has been returned. A debt of seed paddy must be
paid before all other debts. The highest rate of interest is demanded
for salt, for which 100 per cent. per annum compound interest has to be
paid. The result is that loans of salt are promptly repaid.
Agriculture.