No. 4504-F. GOVERNMENT OF INDIA. FINANCE DEPARTMENT. New Delhi, the 31st March 1927. RESOLUTION. THE statements relating to the revised estimates for 1926-27 and the Budget estimates for 1927-28, which were presented to the Legislative Assembly and the Council of State on the 18th and the 28th February 1927, have now been reconsidered with reference to the reductions in the demands for grants, and the modification in the Indian Finance Bill, made by the Legislative Assembly, and the action taken by the Governor General in Council in respect to certain demands refused by the Assembly. The revised statements are now published for general information. 2. The following reductions were made by the Legislative Assembly in the demands presented to them: : Of these, the Governor General in Council has, under Section 67-A (7) of the Government of India Act, decided that the following amounts are essential to the discharge of his responsibilities: The remaining alternations result in a reduction of the expenditure in 1927-28 by Rs. 11,000 roundly, while the restoration of the export duty on hides has the effect of increasing the year's revenue by Rs. 9 lakhs. In consequence, the transfer to revenue from the Revenue Reserve Fund in 1927-23 has been reduced by Rs. 9,11,000, so that the estimates now published, like those originally presented, show neither a revenue surplus nor a revenue deficit. A. F. L. BRAYNE, Secretary to the Government of India. |