Modern Review April 1949

in"254 THE MODERN REVIEW FOR APRIL 1949 the state of business in the cotintry and in the distrbution of taxablcapacity and the state of our principal sources of Central revenue there is the fullest justification for the courses of action which Dr. [...] In this connection the following observations of the "Eavesdropper" of the Indian Finance in its issue of the 36th March are very much to the point : -In the tale of the Augur industry its establishment on a large scale and in a short period was made pcm.ible by a significant departure—unintended pehap but certainly effective—from the established principles and methods of the policy of discri [...] But the formation of the Syndicate and the outbreak of the war and before that the Provicial Government's policy of 'helping the cultivators in the essentially predatory prosperity of the au.aar industry a policy which has been strengthened in many ways since the advent of controls and import restritions all these have tended to spare the industry the discomfort of a thought for the poo [...] For the problem of costs and the problem of prices will remnin the saint. Arc the profits of the industry and the price of cane to he determined by the price of sugar or vitt firm ? So long as the possibility of free imports remain a more or lei distant aim we have a yardstick with which to me:isure the cost of sugar to the constimer In a simple protectionist regime we retain and use the yardst [...] The scheme should provide for the establihment of new industries of all elnsses and also for the development of the existing ones." Reaolution 2 : "This Conference having considered the views of several Provincial Governments is of the opinion that pending the !-Iihinisaion and con.idetion of a comprehensive industrial plan fo; the whole of India steps should be taken to start the following