India's Budget.
The Government of India has forwarded to London an acoount of the Budget which was produced at Simla on March 23rd. It is most satisfactory, the returns for 1902-3 showing a surplus of £3,069,549, and those for 1903-4 (partly estimated) a surplus of £2,711,200—ha1f of which was due to the improved price of opium. The estimates for 1904-5 show a revenue of £80,148,600, against an expenditure of £79,229,900, although an additional sum of £1,258,400 has been spent upon the Army, £700,000 of it for new rifles and artillery. The continuous increase in the revenues of India until her finances rival in magnitude those of first-class European Powers is one of the most remarkable facts in modern history, and speaks volumes both as to the increasing wealth of the peninsula and as to the ability of the "Imperial Service," which administers it.
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Taranaki Daily News, Volume XLVI, Issue 114, 18 May 1904, Page 4
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143India's Budget. Taranaki Daily News, Volume XLVI, Issue 114, 18 May 1904, Page 4
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