INDIA.

Nelson Examiner and New Zealand Chronicle, Volume XXIII, Issue 64, 28 May 1864, Page 2 (Supplement)

INDIA.

April 20. The deficiency on Budget Estimate of revenue, 1863 and 1864, is 1,150,000 dollars on opium only. The eetimatedexpenditurefor 1864, was £45,340,000; another estimated revenue, £46,160,000. Economy is recommended in view of the income tax expiring July 1865. The imports to be fixed at 7i per cent. ; duty on tobacco, 10 per cent. LONDON WOOL REPORT— Much 24, 1864. The quiet tone which hw preraled in our market since the opening of the year h«d not led ns to expect the i»tisfoetorT re■nit of the Hiee, which commenced on the 3rd tnd closed yaatenUy. The <iu»ntiti*» catalogued contilt of — Bales. Autnlian \°W Port Phillip "•*£ Van Di«nen'» Land • 625 Adelaide ".276 New Zealand l.™g Cape 18,958 TotalT o tal 63,992 The tale* opened with a Terr larms attendance of buyers, both home and foreign, and prices ruled about id. and Id. ad*Tanoe, which haa been maintained throughout, the competition being maintained throughout the entire series. The show of Adelaide haa been very good, the condition and growth being satisfactory ; for the continent the bidding for this description was Terr good, and about three-fourths of the entire quantity went for export. . . . Ofthe new Port Phillip, many flocks show much improvement in breed tnd condition, and ihe prices paid for the better description of combing, yw., 2s. 3d., to 2s. 7d., must be satisfactory to growers. Prices throughout ruled nigh, in consequence of the extreme scarcity through the non-arrival of sereral large cargoes in time for the sale. New Zealand, van Diemen's Land, &c, made a poor show, bnt brought fully relative prices with other rates. Of Cape there was a good exhibition of western growth, and the competition, on the part of home buyers,' was very animated, Is. 7d. to 2s. being readfly paid for all healthy sound parcels. Oman, and the short inferiors, and seedy descriptions were wry hean of sale, and in many oases withdrawn ; but a better feeling premiled towards the close of the sales, some parcels being re-catalogued and sold. Onr market wears a most satisfactory appearance, the general trade of the North is Tery good, and stocks of the raw material rapidly entering into consumption. Although present ratee can scarcely be looked for in May, yet steady and satisftctorr prices may be looked for throughont the year, should no pofiucal or monetary complications lead to a dull trade.