INDIAN BUDGET.

Press, Volume LXVIII, Issue 20491, 9 March 1932, Page 11

INDIAN BUDGET.

♦ DEFICIT FOR CURRENT YEAR. EXPENDITURE OVERHAULED. (UNITED PRESS ASSOCIATION—BY ELECTRIC TELEGRAPH —COPYBIGHT.) DELHI, March 7. I Sir George E. Schuster (Finance Minister of the Viceroy's Executive Council), introducing tho Budget proposals for 1932-33 in the Assembly, •said it was expected to close the current year with a deficit of 1366 lakhs of rupees, about £10,250,000, but next year ho anticipated a surplus of 215 lakhs of rupees. Expenditure had been overhauled and reduced. The country was making an economic recovery, and would emerge from the storm stronger than ever. [Tho statutory rate of tho rupee is 13i to the £, and a lakh is 100,000.] METHODS OF AGITATORS. GOVERNOR'S SEVERE COMMENT. DELHI, March 7. Severe comment 011 the methods of Indian agitators was made by Sir Geoffrey Montmorency (Governor of the Punjab) when addressing Europeans. Ht> emphasised that he would take every step in his power to discharge the primary duty of maintaining law and order. He said the sordid personal ambitions of tho leaders of unlawful movements, and their misrepresentation and exaggeration were such prominent and unsavoury features that all sympathy for them had been alienated.