New Delhi, Feb. 29.
Sir Basil Blackett, Financial Member of the Executive Council, introducing the Budget in the Legislative Assembly to-day, said that the financial year 1926-1927 showed a net improvement of fourteen lakhs of rupees over the revised estimates, Prices were stable and trade figures reflected the advantages of the stabilization of the rupee, "The income from taxes for 1927-
1028 was disappointing and showed a falling-off of 190 lakhs of rupees.
Salt was worse by 25 lakhs of rupees, but the railway contribution had increased by 88 Inglis.
Military expenditure was _unchanged. Savings due to the despatch of troops to China had been Used as urgent expenditure The total expenditare was 12,774 Inkhs of rupees and the total revenue reached the same figure.
The quotations of Government securities in India and London and the success of the sterling loan demonstrated the Improvement India's credit. At the recent rate lof progress unproductive debt would vanish in twelve years. The Budget did not involve any new taxation. Tt was not proposed that there should be any further reduction of existing taxes—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.