INDIA

Hawera & Normanby Star, Volume LXXIV, Issue LXXIV, 4 March 1919, Page 5

INDIA

BRIGHT FINANCIAL OUTLOOK

EXPECTED SURPLUS OF £900,000.

BY CABLE—PEESS ASSOCIATION—OdPYBIGHT j DELHI. Feb.. 27. ' The Treasurer, in delivering his financial statement in the Legjliative Council, said that had India not accepted the charge for an extra 200,000 troops for the war the past year would have shown a, surplus of over eight millions sterling, instead of a deficit of four and a half millions. He estimated that Ihe war expenditure would reach. 41\ millions, and the estimated revenue would be 80 millions to meet an estimated expenditure of 85 millions. It would be necessary to raise six millions ifrom 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 war had taught the people to live less extravagantly. India's position was strong, but economy was necessary.— Reuter.