This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1859 Excerpt: ...taken from the estimate of the accountant, framed
on the authority of the local officers. The increase of five lacs
under " Bombay" is owing to one of Her Majesty's foot regiments,
which was ordered to return to England, having been detained in
India. The increase of 39 lacs in the expected payments on account
of railways is owing to the enhanced requirements of the railway
companies in Madras and Bombay, and the East India Railway Company
in Bengal, as ascertained from revised'estimates recently received.
The closing cash balance on the 30th April I860, which is estimated
at 1,171 lacs, is 29 lacs only below the amount (12,00,00,000),
which it is thought desirable to retain in the treasuries at that
time of the year; but, as was observed in my note on the
anticipation sketch estimate, the retention of so large a balance
is dependent on the full amount of Rs. 5,60,00,000, estimated to be
paid in subscription to the 5 per Cent. Loan, and in the purchase
of Treasury Bills, being received; and it is for Government to
consider with reference to this fact, to the uncertainty of the
opium revenue, and to the possibility of receipts and charges under
other heads having been too favourably estimated, whether it is
expedient at once to make a further call on the Home Government for
assistance in the form of a bullion remittance, or whether such a
measure may, with safety, be deferred. The point that requires
especially to be looked to is the amount of cash balance likely to
be in the treasuries at the end of October next; if the balance at
that time amounts to from 90 to 950 lacs, it may be sufficient,
with good management, to meet the immediate requirements of the
Government; and, if the loan continues, subsequently to the 31st
October, to draw freely, th...
|Country of origin:
||246 x 189 x 4mm (L x W x T)
||Paperback - Trade
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