The Archive · 1930

The Indian Budget

PROPOSALS

In connection with the increased.

Jduty on cotton goods proposed, tony by Sir George Schuster, the Member of the Executive Council, in introducing the Budget jin the ' Legislative Assembly, his speech showed striking evidence that. the Fiscal Autonomy Convention had Decome an integral part of the Indian Constitution, -and that, even. }when British interests are profoundly affected by tariff changes India, the intervention of the British. [Government will be restricted to representation and appeal.

George revealed that the" British Government had sent message to the Government of India asking them to take into account the serious effects their proposals would have in England, effects which they felt sure neither the Government of India nor the Legislature would desire to create, The Government of India replied expressing deep sympathy, but state ing that the interests of India must come first. They realized, howe how important it was for Indiay from a political point of view, to take into account British opinion, 'Therefore, the Government of India suggested the additional duty of five percent, on imported none British cotton' goods, but, said the Finance Member, the final decision. lay with the Legislative Assembly.

Sir George Schuster added that very considerable comment was expected with regard to that decision, [but the Government welcomed most critical scrutiny of the pro= He appealed, however, for sion of the Assembly to be given in a calm and judicial spirit.

As mentioned in an earlier mess~ lage, the new taxes proposed in the Indian Budget include. an increase the import duty on cotton pleos~ goods from eleven to fifteen por feet., an additional protective duty fof five per cent on non-British cotton coeds-for three years, and a duty. fon silver of four annas an ounce Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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