Legislative Assembly Debates Saturday 25th March 1933 Official Report

He says: "I have the honour to say that the effect of the imposition of the additional import duty on foreign salt in stimulating the development of the Indian industry is obvious from the fact that the Karachi manufacturers were unable to dispose of their salt exported to Calcutta at a reasonable rate and as a result it remained stored in the Bolas until the additional duty came into force." L [...] The duty is imposed in the interests of the whole country and in order to preserve and advance the salt industry of the country and in order to support the principle that a nation like India ought to be self-supporting in the manufacture of this necessary article. [...] It has yet to understand and appreciate the facility and the security a cheque currency affords both to the drawer and the payee." In the next paragraph they go on to say : "One of the most serious obstacles that impede the growth of the cheque habit in this country is the illiteracy of the people. [...] Now compared to the advantage the insignificant advantage that the Provinces would get from the levy of this tax we have to place on the other pan of the scale the inconvenience that would be caused to the public if this taxTHE INDIAN FINANCE BILL. [...] Now Sir it is a well known fact and this fact is recorded in the pages of books on economy that the world is looking forward to the day when almost all the transactions between nations and men would be through the medium of cheques and so far as the Government of India are concerned they could not be oblivious of the fact that the more the cheques the less the currency in use the more chequ