IMPERIAL PARLIAMENT.
PACIFIC CABLE. GREAT PROSPERITY OF INDIA. SURPLUS OF OVER H MILLIONS.
By Telegraph—Press Association—Copyright London, Aug. 17. The Pacific Cable Bill lias been read a third time in tho House of Lords. Sir Michael Hicks-Beach explained in the House of Commons that the first instalment of the cable contract fell due and was paid before ho was able to submit it to Parliament, owing to tho congestion in the business of the session. Lord Hamilton, in the House of Lords, declared his Indian budget to bo tho most satisfactory on record. India, by her own unaided resources, had met three years’ famine expenditure, amounting to fifteen million sterling. The surpluses were large, continuous, and progressive. On the whole the position was one of prosperity. The deficiency, which was estimated in April at £820,000, had been transferred into a surplus of XT,671,000.
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Bibliographic details
Gisborne Times, Volume VI, Issue 190, 19 August 1901, Page 2
Word Count
143IMPERIAL PARLIAMENT. Gisborne Times, Volume VI, Issue 190, 19 August 1901, Page 2
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