18 AUGUST 1894, Page 3

The Indian Budget was introduced into the House of Commons

by Mr. Fowler on Thursday. If nothing were done, there would this year (1894 95) be a deficit of Rx.3,517,000. This would be met in part by reducing the expenditure by Rx.2,075,000. The remaining Rx.1,442,000 would be obtained by Import-duties. In regard to the Cotton- duties, Mr. Fowler made an important proposal. If the Indian manufacturers did not object to countervailing duties, which would destroy the protective element in the Cotton-duties and also help the Indian Treasury, he saw no reason why they should not be imposed.