even, in the very Trobriand Lagoon, there are found valuable pearls. In olden days, when the natives on opening a shell to eat it, found a waytuna, as they called it, a ‘seed’ of the pearl shell, they would throw it to their children to play with. Now they see a number of white men straining all their forces in competition to acquire as many of these worthless things as they can. The parallel is very close. In both cases, the conventionalised value attached to an object carries with it power, renown, and the pleasure of increasing them both. In the case of the white man, this is infinitely more complex and indirect, but not essentially different from that of the natives. If we would imagine that a great number of celebrated gems are let loose among us, and travel from hand to hand—that Koh-i-noor and Orloff and other celebrated diamonds, emeralds and rubies—were on a continuous round tour, and to be obtained through luck, daring and enterprise, we would have a still closer analogy. Even though the possession of them would be a short and temporary one, the renown of having possessed them and the mania of ‘collectioneering’ would add its spur to the lust for wealth.
This general, human, psychological foundation of the Kula must be kept constantly in mind. If we want, however, to understand its specific forms, we have to look for the details and technicalities of the transaction. A short outline of these has been given before in Chapter III. Here, after we have acquired a better knowledge of preliminaries, and a more thorough grasp of native psychology and custom, we shall be more ready to enter into a detailed description.
The main principle of the Kula exchange has been laid down in the before-mentioned chapter; the Kula exchange has always to be a gift, followed by a counter-gift; it can never be a barter, a direct exchange with assessment of equivalents and with haggling. There must be always in the Kula two transactions, distinct in name, in nature and in time. The exchange is opened by an initial or opening gift called vaga, and closed by a final or return present called yotile. They are both ceremonial gifts, they have to be accompanied by the blow of a conch shell, and the