SECOND EDITION
INDIAN BUDGET SURPLUS ASSESSED. ■' T> i // i- NEW LOAN FLOTATION. *! ...j ‘ t (Eeceivecl 1.15 p.m.) ■"! y DELHI, March 1. * ■ Sir Basil Brackett, Finance Miny ister of the Government of India, i presenting the Budget announced ths entire abolition of the cotton excis<£ . duty, involving a loss of revenue of 3 175 lakhs of rupees. Xo taxation was,proposed. A reduction- of onej and a half crores in military expend!-* ture would be effected. The surplugj ' for the coming year was estimated at * 305 .lakhs of rupees. Announcement was made of thd pending, flotation of a new' rupee leant of 22 crores' (220,000,000 rupees), of L which 20 crores would be devoted to renewels of bonds maturing nexjj. 11 September.—Reuter.
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Bibliographic details
Northern Advocate, 2 March 1926, Page 4
Word Count
120SECOND EDITION Northern Advocate, 2 March 1926, Page 4
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