DOI Page / Citation link:
https://doi.org/10.11588/diglit.52452#0094
66
NARADA.
I, 99.
* 99. Let a money-lender take, in addition to the
principal, the interest fixed by Vasish^/za, 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, re-
membering 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 law-
book : periodical interest; stipulated interest; kayika
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 i| per cent, by the month, or 15 per cent, per
annum, is actually found in the Dharmasutra of VasishZ/za 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 Vaijya, and 3 per cent, from a Xudra. 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, towhatever 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-smrz’ti
would seem to have erroneously inverted the original position of
the two verses.
102. Manu VIII, 153 ; Gautama XII, 34, 35. See, too, Cole-
brooke’s Digest I, 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. ‘ Stipu-
lated 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 Pa«a, or quarter of a Pawa, has to be
NARADA.
I, 99.
* 99. Let a money-lender take, in addition to the
principal, the interest fixed by Vasish^/za, 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, re-
membering 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 law-
book : periodical interest; stipulated interest; kayika
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 i| per cent, by the month, or 15 per cent, per
annum, is actually found in the Dharmasutra of VasishZ/za 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 Vaijya, and 3 per cent, from a Xudra. 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, towhatever 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-smrz’ti
would seem to have erroneously inverted the original position of
the two verses.
102. Manu VIII, 153 ; Gautama XII, 34, 35. See, too, Cole-
brooke’s Digest I, 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. ‘ Stipu-
lated 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 Pa«a, or quarter of a Pawa, has to be