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Indian Finance. Three Essays

1880

Although it is generally supposed that the entire control over the expenditure of the revenues of India was vested in the Council of the Secretary of State by the Government of India Act of 1858 yet by an Act which was passed in 1869 the tenure of the office of the Members of Council was materially modified and the discussion which took place when this Act was passing through Parliament plainly [...] When the Act of 1858 was passed it was intended to vest the chief financial control in the Councils of the Secretary of State and of the Viceroy. [...] the general value of silver in India and prices are beginning to rise ; for in the same official return in which an estimate is given of the large increase of revenue expected to be derived from opium it is stated that on account of a rise in the price of food the army expenditure in India is estmated during the present financial year to exceed the estimate by 330 0001. [...] My sole object in calling attention to the subject is to show that the most productive of all the sources of Indian revenue next to land may in the opinion of some most competent judges be seriously reduced in consequence of a faling off in the Chinese demand for Indian opium ; and it therefore becomes the more Zssential that the finances of India should be administered with the utmost car [...] would be a cause for apprehension to see a costantly augmenting proportion of the revenue of a country not spent in the country itself; but this circumstance becomes more serious when it can be shown that this expenditure of the revenues of India out of India exerts a direct influence in depreciating the value of silver and in thus lessening the value of all that large part of the Indian reven
commerce industry
Pages
199
Published in
United Kingdom
SARF Document ID
sarf.143747
Segment Pages Author Actions
Preface
i-vii Henry Fawcett view
Introductory Remarks
1-16 Henry Fawcett view
I. The Financial Condition of India
17-72 Henry Fawcett view
II. The Indian Budget of 1879
73-113 Henry Fawcett view
III. The New Departure in Indian Finance
114-176 Henry Fawcett view
Appendix
177-187 Henry Fawcett view
Backmatter
i-v Henry Fawcett view

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