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On Tuesday, in the Commons, Mr. Montagu explained the Indian

Budget. In 1911-12 a "record " had been reached in trade. Of the large realized surplus more than £3,000,000 went to the reduction of debt. The estimated surplus of the current year would be devoted to reducing the loans for new railways, irrigation, and the construction of the new Delhi. The architects of the new capital had not yet been chosen, and there would be a competition for designs. The intention was that a belt of park, not less than a thousand yards wide, should lie between the old city and the new, and probably this park would be extended to envelop the whole eastern part of the new city, where the quarters of the officials and the bazaar would be.

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