The Archive · 1940

Jute Position

Representations were recently made by the Indian Jute Mills Association to the Government of Bengal criticize he fixation of maximum and minimum future prices of jute and hessians and refuting the Government statement that no convincing case for non-intervention has been made out. Referring to the proposal for State acquisition of the jute crop, the association claimed that the purchase of only 20 percent. of the season's crop would require the investment of im exceeding the total annual re-nue of the Province. Subsequently it was announced that in order to steady prices for jute and hessians the Bengal Government had decided to purchase first-grade jute in the open market at up to 60 rupees a bale.

The Bengal Land Revenue Commission has issued its report. The majority of the commissioners recommend that the Government should acquire the interests of all receivers of rent down to the actual cultivator of the soil in all revenue-free estates, whether permanently or temporarily settled. Compensation at a flat rate for all interests is proposed. The acquisition of the Moslem and Hindu religious trusts, among others, and of mining royalties and fishery rights is also recommended. The Benal Government has appointed a special LC.S. officer to report on the Commission's findings, and his report will probably be ready before the end of the year.

At the annual ordinary general meeting of the Cawnpore Electriz Supply Corporation the chairman in his review of the year's progress stated that the company had completed 23 miles of new mains and had put in band arrangements for the enlargement and improvement of substations, including some increase in their, number. Cawnpore is an important centre for the manufacture of Army equipment, and this concern supplies electrical power for most of the mills and factories engaged in such work.

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

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