HINDU PERIOD
weight with gold. It was manufactured in India, as well as obtained for re-export from China. Next to silk in value were cotton cloths ranging from coarse canvas and calicoes to muslins of the finest texture. India also supplied foreign countries with oils, brassware, a liquid preparation of the sugar-cane, salt, drugs, dyes, and aromatics, while she had also a monopoly in the matter of the supply of pepper, cinnamon, and other edible spices, which were in great request throughout Europe.
Through ages India thus occupied a unique position in the commercial world as the main supplier of the world's luxuries. As a consequence she throughout had the balance of trade clearly in her favour, a balance which could only be settled by the export of treasure from European and other countries that were commercially indebted to her. For India desired nothing which foreigners could give her but the precious metals. Thus has she been for many centuries the final depository of a large portion of the metallic wealth of the world. Her supply of gold she obtained not as did Europe from America in the 16th century by conquest or rapine, but by the more natural and peaceful method of commerce, "by the exchange of such of her productions as among the Indians were superfluities but were at the same time not only highly prized by the nations of Western Asia, Egypt, and Europe, but were obtainable from no other quarter
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