in Bengal. When the Company did not reach the expected profit levels, a new system known as the "Village Settlement" was implemented between 1804 and 1814 in the districts of Tinnevely, Trichinopoly, Coimbatore, North Arcot and South Arcot. This involved the leasing of land to the principal cultivators, who in turn leased the land to ryots, or peasant farmers. However, as a village settlement had few differences compared to a permanent settlement, it was eventually discarded. In its place came the "Ryotwari Settlement" implemented by Sir Thomas Munro between 1820 and 1827. According to the new system, land was handed over directly to the ryots who paid their rent directly to the government. The land was assessed and paid revenue fixed by the Government This system had a number of advantages as well as disadvantages for the ryots. In 1833, Lord William Bentinck implemented a new system called the "Mahalwari" or village system under which landlords as well as ryots entered into a contract with the Government. By the early 20th century, the greater part of the land was held by ryots who paid rent directly to the Government. Zamindari estates occupied about , more than one-quarter of the whole presidency. The peshkash, or tribute, payable to the government in perpetuity was about £330,000 a year. Inams, revenue-free or quit-rent grants of lands made for religious endowments or for services rendered to the state, occupied an aggregate area of nearly . In 1945–46, there were of Zamindari estates yielding revenues of and of ryotwari lands which produced . Madras had forest coverage of . The Land Estates Act of 1908 was passed by the Madras Government in order to protect cultivators in Zamindaris from exploitation. Under the act, ryots were made permanent occupants of the land. However, far from protecting the ryots, the legislation proved to be detrimental to the interests of the cultivators in the Oriya-speaking northern districts of the presidency who were the intended beneficiaries, as it tied the cultivator to his land and landlord with the chains of eternal serfdom. In 1933, an amendment to the Act was introduced by the Raja of Bobbili to curb the rights of Zamindars and safeguard the cultivators from exploitation. This act was passed in the legislative council despite strong opposition from the Zamindars. Agriculture and irrigation Almost 71% of the population of Madras Presidency was engaged in agriculture with the