6th March 1869. Council of the Governor General of India Assembled at Calcutta for the Purpose of Making Laws and Regulations. Financial Statement 1869-70. by the Hon’ble Sir Richard Temple

The great position which India is acquiring in the cotton marts of England is owing not only to the stimulus afforded by the American war but to the efforts persistently made by the British Government through its own Special Commissioners to improve the culture of the indigenous staple to ensure the produce being prperly cleaned and packed and transported without damage to the seaboard : all [...] for the rupee a rate as yet below the actual exchange and below the exchange of two shillings for the rupee which for convenience sake is adopted in all the accounts between the Secretary of State and the Government of India. [...] One main cause of the increase is the amount advanced by the Government to enable the Irrigation Company of Orissa to prosecute its life-giving works during a period of awful distress in that province and by the immediate outlay consequent on the prosecution of these operations being undertaken by the State. [...] The increase so much to be regretted is in part attributable to unavoidable causes such as ; the warrant regarding the clothing and pay of the European troops and the inducements to re-engagment at an earlier date ; the increased subsistence allowance to the wives and families of European soldiers ; the additional pay allowed to native commissioned officers ; the grant of good conduct pay to [...] The charges of the hospital deparments of the ordnance of the barrack dkopartment of the stud of the army and garrison staff are constantly mounting upwards.