Local Government in Ancient India c9.145

c9.145

² We may compare with this no. 176 of 1915 of Rājendra-Cola I where the gold coin *kāśu* is stated to be equivalent to 3 *kalañju* fetching an interest of 9 *mañjāḍi* per year, interest at 15 per cent. per annum (taking 1 *kalañju* = 20 *mañjāḍi*). It is also stated that paddy was sold at 40 *kāḍi* per *kalañju*. In the inscription no. 245 of 1915, about 20 years later, it appears that the rate of interest nearly trebled itself as 7½ *kalañju*, and 2 *mañjāḍi* fetched an interest of 3 *kalañju* and 8 *mañjāḍi*. The rate of exchange in paddy was 13½ *kalams* per *kalañju*.