Economy of ancient Tamil country trade. Industrial activity flourished. Inland trading was conducted primarily through barter in busy market places by merchant associations and commercial lending institutions. Merchants formed associations that operated autonomously, without interference from the state. The people of ancient Tamil country engaged in brisk overseas trade with Rome; the trade reached a peak after the discovery of a direct route for merchant ships between Tamilakam and Egypt, taking advantage of the monsoon winds. Pepper, pearls, ivory, textiles and gold ornaments were exported from Tamilakam, and the main imports were luxury goods such as glass, coral, wine and topaz. Foreign trade brought in
Conference of Rulers wealth of his experience, but this advice need not necessarily be followed. The Secretary of the Conference is the Keeper of the Rulers' Seal. The Royal Scholarship Fund (Fund) ("Malay: Kumpulan Wang Biasiswa Raja-Raja") was established on 31 August 1949 by the 8th Meeting of the Conference of Rulers. In accordance with that, a rule has been made and named the Regulations of the Royal Scholarship Funds. The Trustee Meeting of the Royal Scholarship Fund was changed to the Royal Scholarship Fund and Governors ("Malay: Kumpulan Wang Biasiswa Raja-Raja dan Gabenor-Gabenor"). On May 12, 1983, an Act of Act 284