London, May 6.
The Federal Finance Committee, gue of the Committees which hi been continuing discussions of I Indian Round Table Conferenc han presented its report. The Cor imittee's principal task was to stu ect to a test of figures the suggest-ea classification of revenues and estimate the probable financial position of the Federal and Provin-emi governments under the proposed. Federal scheme, In making a forecast, the com mittee "have endeavoured to esti mate the likely situation in earlier years of the Federation under more or less normal conditions and tthe assumption that the recommendations in other fields of the Indian Round Table Conference ried out.
£3,880,000 is forecast for the federal Government. surplus: The revenue is estimated at £63,460,000 and expenditure $60,007,000. The Provincial forecasts show all_ prov inees "to. be. potentially in defeat, except the United Provinces and the Punjab, the aggregate net provincial deficit being. £2,870,000.
'The total value of the' readily identifiable assets to be taken over by the Federal Government "are estimated at_£797,000,000.
The Government of India's total Biabilities are estimated as £887, 000,000 but the Committee point out' that it is probable that the debt in this estimate has been taken at its nominal figure.
For the purposes of assess) present-day capital liability it the debt might be writ.
Text read from the printed page and cleaned; old type leaves the occasional error.