INDIA'S PROSPERITY.
DIMINISHING DEFICIT. Router. DELHL March 24. On the final discussion on the Budget Mr. W. M. Hailey, Finance Member, said the actual deficit was now reduced to £10.000,000. Of this, £5,000,000 would be recovered from, England as the capital- j ised value of pensions for Indian troops and tl eir British officers. The expected surplus for the , coming year -would be £2,500,000, but it entirely depended on the conclusion of the frontier war and the exchange position. Lord Chelmsford, in closing the debate, said that as a result of the joint committee's decision this would be the last time the Viceroy would preside at the Legislative Council at Delhi. Henceforth he would only attend in order to make an. occasional ceremonial speech.
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New Zealand Herald, Volume LVII, Issue 17429, 26 March 1920, Page 5
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124INDIA'S PROSPERITY. New Zealand Herald, Volume LVII, Issue 17429, 26 March 1920, Page 5
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