Zend Avesta Part 03

SR No.: 007673
Original Sutra Author: N/A
Author: L H Mills
Publisher: Oxford
Publication Year: 1887
Total Pages: 2618
Language: English
Classification: Book_English
File Size: 49 MB

Page 1259

66
NÂRADA.
1, 99.
*99. Let a money-lender take, in addition to the principal, the interest fixed by Vasishtha, viz. an eightieth part of a hundred in every month.
*100. Two, three, four, or five in the hundred) is the legitimate (rate of interest). Let him take as much in the shape of interest, every month, in the direct order of the (four) castes.
*101. Or let him take two in the hundred, remembering the practice of the virtuous. By taking two in the hundred, he does not commit the crime of covetousness.
* 102. Interest is declared fourfold in this lawbook : periodical interest; stipulated interest; kâyika interest; and compound interest.
* 103. That which runs by the month is termed
99. Identical with Manu VIII, 140. This rule, which fixes the rate of interest at 11 per cent. by the month, or 15 per cent. per annum, is actually found in the Dharmasøtra of Vasishtha II, 51.
100. Identical with Manu VIII, 142. The meaning is that he shall take 2 per cent. from a Brahman, 3 per cent. from a Kshatriya, 4 per cent. from a Vaisya, and 5 per cent. from a Sudra. A. It appears, from the commentaries on the code of Manu, that the present rule is applicable in those cases where no security has been given, whereas the preceding paragraph refers to loans secured by a pledge.
101. Identical with Manu VIII, 141. The meaning is that he shall take 2 per cent. only from honest men, to whatever caste they may belong. A. In the code of Manu, the present rule precedes par. 100, instead of following it. The author of the Narada-smriti would seem to have erroneously inverted the original position of the two verses.
102. Manu VIII, 153 ; Gautama XII, 34, 35. See, too, Colebrooke's Digest 1, XXXV-XLV.
103, 104. Periodical interest' means monthly interest, at the rate of from 2 to 5 per cent., according to the caste of the debtor. Stipulated interest' is interest at the rate of more than 10 per cent., which has been promised by the debtor himself in times of great distress. Kaya means principal. If a Pana, or quarter of a Pana, has to be
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