The Indian Badget was published in Calcutta on the 23rd
inst., and in London on the 24th. It looks bad, but it is not so The Indian Badget was published in Calcutta on the 23rd inst., and in London on the 24th. It looks bad, but it is not so
bad as it looks. Setting aside notes about forgotten history and rejecting prophecies, we come to these facts. The revenue of India in the year ending March 31, 1874, was £49,476,000, and the regular expenditure £1,818,700 less ; but the revenue next year will be decreased some £500,000, while the ordinary expenditure will be about the same. But the famine ex- penditure for the two years is calculated at £6,500,000, and the extraordinary public works £8,000,000 more, making a total loss, deducting the surpluses, of .£10,000,000. If this were the whole truth, India would have lost nothing, except the benefit gained from getting rid of that old thefk the 10 per cent. on £6,000,000 compensation for a non- existing profit on trade, and would be where she was before the famine broke out. Unfortunately there is every reason to fear that the famine account is not made up, but may be at least ten millions more than the Viceroy's calculation. There is nothing, however, to be frightened about in that, for the in- terest on the ten millions is not half the national increment of the revenue, and opium is going up. We hear of difficulty for cash in India, and loans, we fear, are not obtainable, the money market being so drained. It might be advisable for six months to stop all drawings whatever.
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