The Calcutta Review An Illustrated Monthly (Third Series) March 1949

The resources of the country could much more fruitfully be utilised if the State were to concentrate all or the major portion of its time and energy to the development of as yet untapped potentialities of the country leaving private enterprises in charge of those branches of economic and commercial activity in which it is now engaged. [...] LAW THE VICE-CHANCELLOR LADIES AND GENTLEMEN This is the Second Conference of the Indian Commerce Assocition as the Association was formed early in the year 1947 and the First Conference took place in Lucknow in December 1947 under the auspices of the Lucknow University. [...] The attainment of freedom was possible only after the partition of the country and this led to widespread disturbances in the different parts of the country resulting in the transference of popultion from one part to another in such large numbers that the resources of the Government were taxed to the utmost limit. [...] The Eight Industrialists in the course of the Bombay Plan estimated the need of foreign capital to the tune of Rs. [...] I for one am not convinced of the dignity of State in paying a higher salary to our Governor-General than the salary of the President of the United States when our income per capita is hardly 8% of the U. S. A.'s per capita income and when our tax-payers and people are groaning under the deadweight of high taxation and soaring prices I believe the Government of India have been so busy with other