Local Government in Ancient India c9.133

c9.133

Two other inscriptions (B and C) record gifts of 12 *kalañju* of gold ‘out of the interest of which’ the citizens engage ‘to burn one perpetual lamp night and day’. D records a gift of 15 *kalañju* of gold for which the citizens ‘shall cause to burn a perpetual lamp night and day at the rate of one *uri* (of oil) per month for each *kalañju*’. This inscription, along with the first, helps us also to ascertain the rate of interest allowed by the village assemblies on the permanent deposit made with them, for it will appear that 15 *kalañju* of gold are expected to yield an income or interest equivalent to the value of 180 *uris* of oil per annum. E and F, however, repeat the gift in kind of the usual number of 100 big sheep perpetually renewed, instead of gold.