THE INDIAN BUDGET.

Rangitikei Advocate and Manawatu Argus, Volume XLII, Issue 11477, 4 March 1918, Page 5

THE INDIAN BUDGET.

INDIA'S FINANCIAL STRENGTH. GREAT WAR CONTRIBUTIONS. Renter. Delhi, March 3. Sir William Moyer presented the lamial Financial Statement to the 'onucil. For the year just closed here is a surplus of millions, iue to the favourable monsoon and he record growth of railway resipts. But this is counter-balanced sy the in.-reased military charges, io\v totalling nearly £28,000,000. t has only been possible to meet the ieavy demands on t!ie resources of ha Government in tiniucing the war the success of the war lo n, which nought in £35,000,000, and the Lilian treasury Bill issues, which are ttpected to total about) £110,000,, 000 !'y tile end of the year. Daring 1917 the Government put 53,000,000 into British Treasury Klls, making a total since the be'inning of the war so invested of ■MOO,OOO These figures are intopemlout of India’s special contrition of £100,000,000 to the Imperial 'Overnment. 'Sir William Meyer estimated the wcaue surplus for 1918-19 at >-,200,000. He indicated that it Ms not intended to increase taxaiou, kut it was proposed to raise a wthor war loan of an unlimited ‘mount. Ho claimed that the war had 'fought out India’s financial length in a remarkable manner, LINER SUBMARINED. Received March 2, 1 p.m. New York, March 1. Ris reported that the Anchor mof Siberia was submarined on ■'hi February. REFUSAL OF A PASSPORT. Melbourne, Ma-ch 2. .The delegate of Australian Socials,s to Russia - has been refused 1 Passport. strikes ap buenos ayres. toKFLiCTS WITH THE POLICE. T ' Buenos Ayres, March S. onr U ' iave been serious armed uoicts between railway strikers ill ffoops. Two strikers were u< -d „and ma iy^wouiuled.