cover image: Supplement to the Gazette of India. March 3  1917

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Supplement to the Gazette of India. March 3 1917

1917

The Budget programme under this head contemplated the repayment of £i million of India bonds which fell due for redemption in the ordinary course and of £11 million out of the £7 million of shwt-term India Bills which the Secretary of State had raised at the beginning of the war. [...] With the balance left and by drawing to the extent of 21.3 million on his cash balance which stood at the commencement of the year at the large sum of £7 million the Secretary of State has been able as already explained to devote 211?.; million to the discharge of debt. [...] Those who have followed the price conditions of the period and are aware of the other demands upon the silver stocks of the world will not fail to realise the amount of successful effort on the part of the Secretary of State in England which the purchase of this huge quantity implies. [...] by India to the Empire would wish to share in the heavy financial burden now imposed by the war on the -United Kingdom and request the Government of India to take this view into consderation and thus to demonstrate the unity of India with the Empire.' Also of a further Resolution moved and carried on the 24th February 1915 by Mr. [...] With the excetion of a small sum reserved for direct application from Imperial funds the whole of this grant will be distributed to the provinces and provision has been included in the estimates for the necessary assignments to them through the head Transfers between Imperial and Provincial revenues.' The variation in the amounts of the assignments due to this cause is however obscured by
government politics public policy
Pages
58
Published in
India
SARF Document ID
sarf.100008
Segment Pages Author Actions
Supplement to the Gazette of India. March 3 1917
419-476 unknown view