INDIAN BUDGET
AFTER-WAR DEPRESSION DISAPPEARING
BUT ECONOMY URGED By Telegraph-Press Association-Copyright (Rec. March 3, 8.10 p.m.) Delhi, February 27. The Treasurer, in delivering his Financial Statement in the Legislative Council, said that had India not accepted any charge for an extra 200,000 troops for tho war, the past' year would have shown a surplus of over instead of a deficit of The estimated war expenditure would reach .£11,250,(100, and the estimated revenue i 80,000,000. To meet the estimated expenditure of .£85,000,000 it would be necessary to raise .£6,000,000 from the excess profits tax. This would leave a surplus of .£900,000. The depression following the war period was disappearing, and he looked forward to an industrial awakening. The waff had taught people to livo less extravagantly. India's position was strong, but economy was necessary.—Aus.-N.Z. Cable Assn.
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Dominion, Volume 12, Issue 136, 4 March 1919, Page 7
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135INDIAN BUDGET Dominion, Volume 12, Issue 136, 4 March 1919, Page 7
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