Legislative Assembly Debates 1st 2nd 6th 7th 8th 9th 11th 14th 15th 16th 17th 18th 20th 21st 22nd 23rd 25th 27th 28th March 1922

For the rest the summary which I have already given of our import and export trade is sufficient to indicate the immediate causes at any rate of the weakness of exchange; it only remains to add that the total cost to us under the head 'Exchange' of its failure to reach the ls. [...] The 35 lakhs on dernobilisat on expenditure represents the sum which the Secretary of State has estimated will be required in 192.1-.23 for the payment of India's share of the compesatoy gratuities to officers of the Indian Army who have been found surplus to strength owing to reduction of establishment. [...] We have not of course overlooked the contentious history of the cotton excise duty but after the account that I have given this morning of our 'financial ne.essities and after what I have just said regarding the raising of the general ad valorem duty I do not think that even the most malignant of our critics can accuse us of raising the cotton excise duty for the purpose of -counterbalancing [...] I have had a good deal to say to the House this morning regarding the state of the ordinary revenues of the country and the expenditure which is debitable to our revenue account. [...] before the House in the current Session the recomendations made by the Committee of the two Houses of the Legislature which met in December last to consider the question of our Railway capital programme.