INDIAN FINANCE
A FAVOURABLE REPORT. [BRITISH OFFICIAL WIRELESS] RUGBY', April 30. The report has been made by Sir Otto Niemeyer, on the financial position of the Indian Provinces and the Central Government, with the information required for the drafting of orders, under the Government of India Act. for the allocation of certain resources between the Central and Provincial Governments, the most important outstanding preliminary to the inauguration of new reforms in the provinces. Sir Otto concludes that His Majesty's government may safely propbse to Parliament. that, part three of the Government of India Act should be brought into operation a year hence. He formed the opinion that “the budgetary prospects of India, given prudent, management of her finances, justify the view that adequate assignments can be made step by step to meet the financial implications of the new” constitution.”
In the detailed proposals submitted, he paramount, importance upon which he report insists on, of preserving he stability of central finances, has een kept carefully in mind.
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Greymouth Evening Star, 2 May 1936, Page 7
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166INDIAN FINANCE Greymouth Evening Star, 2 May 1936, Page 7
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