The Indian Budget was presented to the Viceroy's Council on
Monday. The completed accounts of the year 1907-8 show a surplus of £306,000. The revised estimate for the year 1908-9 shows a total deficit of £4,292,000. The original estimate assumed a revenue of £73,438,900, but the revision puts it at £69,628,800 The original estimate assumed an expenditure of 272,867,400, but the revision puts it at £73,349,100. There has been "protracted weakness in agri- cultural conditions," as well as a grave and general depression in trade. Strict economy is the feature of the now Budget.