OCR Text |
Show Nome Money. Calcutta, 15. The Indian Budget final accounts for the financial year 75 6, show a deficit of 13,000;000; ealimates lor '76-7 place the deficit at 30,400,000. The deficit in each case iadue lo the expenses of resisting the famine, losaof revenue from the same cauBe and extraordinary public works undertaken to give employment to 1 starving people. The net amount borrowed in '76-7 waa 1S.600.000. Loans to be raised in '77-8 are 32,-000,000 32,-000,000 halffl. Government proposes to raiae 12,500,000 in India, and will recommend Lord Saulabury, secretary of state for India, to ask parliament for power to borrow IS, 700,000 iu England. No additional taxation is proposed, but the promised abolition of duties oa cotton gooda, as well as other fiscal reliefs, mast be postponed. 1 The estimated amounts of counsel bills to be drawn in '77-8 is SO.000,000. |