Note 15 — I THE ROMAN EMPIRE AND THE BRITISH EMPIRE IN INDIA

The total revenue of British India was, in A.D. 1840, 200,000,000 of rupees, and in 1898-9, 1,014,427,000 rupees, more than a fourth of which was land revenue and less than one-fourth from railways. (The exchange value of the rupee, formerly about two shillings, is now about one shilling and four pence.) £190,000,000 has been expended upon railways in British India and the Native States. The land revenue is somewhat increasing with the bringing of additional land under cultivation. It is estimated that forty-two per cent. of the cultivable area is available for further cultivation. The funded debt of India is now £195,000,000, the unfunded about £12,000,000.