increase in the customs New Delhi, Feb, 28. duty on silver bullion of two annas an ounce was announced by Sir George Schuster, Finance Member of the Viceroy's executive council, when he introduced the Indian budget to-day.
The budget shows a deficit of 143 crores of rupees even after severe pruning. This pruning includes a reduction o military expenditure by 175 lakhs of rupees.
New taxation is expected to held fourteen crores of rupees, 82 lakhs. This new ta: wwation includes an increase in. income tax and supertax ranging from two to five per cent.
Sir George amounted his intention of appointing a retrenchment committee of seven members, He also declared that change in the value of the pee from 18 pence to 16 pence would be fatal to India's financial welfare. He vehemently emphasized the necessity of caution, economy a ud ce-operation,
Text read from the printed page and cleaned; old type leaves the occasional error.