19 of the last century, from 1905 we have an era of hk prices. During the war, the prices rose still further, the maximum rise being in 1919 from which date there has been a gradual fall though we have not yet reached the pre-war level. Contrary to expectations this great rise in prices has not led to a permanent advantage to the .Gujarat peasant. There have been signs of prosperity here and there ; new houses have been built in some parts ; the habits of dress have slightly changed, new wants have been created, for example, taking tea; some luxuries can be noticed, like smoking cigarettes and so on. If we consider the prob- lem not from superficial indications, but from the point of view of the cost of cultivation, we find that the cost has increased in a greater proportion than the rise in the prices of agricultural produce- In the absence of detail- ed data, we shall take the following figures. The daily rate of wages of field labourers and of skilled labourers whose services are indispensable to the peasant for mak- ing new implements or repairing old ones, has risen 3^ times in the case of the former and 4 times in the case of the latter since 1900 as shown below. Year FIELD LABOUR SKILLED LABOUR Daily average wage Index No, Daily average wage Index No. 1900 -Bs. As. Pa. 0-2— $ 100 Ms. As. Ps. 0- 7-3 100 1922 0-8-0 356 1-13-6 407 It is obvious from these figures that the cultivator has not gained but has probably lost from the rise in prices, but this generalization is subject to several limitations becauseNthe assumptions made in such calculations are not all true in every case, (i) The cultivator, if he grows corn, does not sell the whole of it but retains a part for his own consumption for the year. To that extent there- fore he does not enter into the market either as a seller or