Northern Times.
Liverpool, Merseyside, England, 1859-02-22 00:00:00

BOMBAY SHIPPING.

ARRIVED.-Jan. 11th : Ship Conqueror, B. Shandan,
from Liverpool 10th Sept.
DEPARTURES.-Tan. 12th : Ship Norwood, W. Staple-
don ; ship Danube, J. McVulley • ship Tasmanian, H.
Litten—all three for Liverpool. jun. 14 : Ship Queen of
the East, L. Hilton, for Liverpool. Jan. 21 : Ship
Dalkeith, A. Bruce, for Liverpool. Jan. 22: Ship
Philanthropist, J. Russell, for Liverpool.

LORD STANLEY'S REPORT ON INDIAN
FINANCE.

An important State paper was laid before Parliament
and ordered to be printed on the 14th inst. It is no less
than Lord Stanley's " Review of the Finances of India, as
shown in the actual account of 1856-57, and as estimated
for 1857-58 and 1858-59." This paper bears date the
India-office, 19th of January, 1859, and is addressed
to the Governor-General of India in Council. The
accounts for the year 1855-1856 exhibit a total

(Indian) revenue of 312,08,90,650 rupees, and charges of
30,35,12,781 rupees. This leaves an (Indian) surplus of
1,73,77,869 rupees, but the " home charges" of
2,78,38,516 rupees convert it into a deficit of 1,04,60,647
rupees. In 1856-57 the revenues amounted to 33 30 33 912
rupees, and the charges fo 30,79,90,749 rupees, leaving
an (Indian) surplus of 2,59,43,163 riipees, which was
again converted, by " home charges" amounting to
2,68,37,700 rupees, into . a deficit of 17,94,537 rupees.
The aggregate receipts from land revenue in 1856-57
amounted to 17,71,75,804 rupees, being a general im-
provement of 72,11,182 rupees as compared with the
preceding year. Customs (excluding salt) fell off in
1.856-57 by 7,86,265 rupees.. Salt sales and duties
yielded 3,09,87,107 rupees, being 11,69,476 in excess of
the amount realised in the previous year. The net
receipts from that important item of revenue opium
amounted to 3,85,63,712 rupees, being 10,39,044 rupees
less than in the previous year. " Sayer and Abkarry"
yielded 1,42,13,644 rupees. The largely increased im-
portation of silver contained in 1856-57, and the net
profits'of the three mints of Calcutta, Madras, and Bombay
(including the profits on the copper coinage) exceeded by
6,47,234 rupees the net profit of the previous year.
'Under "Public Works" there was an increased receipt of
nearly 29 lacs of rupees, but this was in a great degree
nominal. Lord Stanley regards this (generally) progres-
sive movement of the revenue as satisfactory. As regards
the charges, it is stated that the civil charges extraordi-
nary exhibited a decrease, and the military charges,
ordinary and extraordinary, an increase (in 1856-7) of
18,70,861 rupees ; in the marine and naval charges there
was also a nett increase of 8,91,223 rupees. On the
whole, as regards both revenue and charges, the financial
result of the year 1856-7 ispronounced by Lord Stanley
to be a decided improvement as compared with the result
of the previous year, and the financial position and pros-
pects of India were most encouraging when the mutiny
of the Bengal army broke out, and upset everything.
The gross revenues of India are estimated for 1857-8 at
31,54,39,759 rupees, and for 1868-9' at 33,01,60,202
rupees. The charges of 1857-8 are estimated at
34,42,22,703 rupees, and those of 1858-9 at 39,74,32,849
rupees. Lord Stanley estimates the "final deficit" of
1857-8, which is wholly attributable to the mutiny, at
9,00,00,000 rupees, and that of 1858-9 at 12,50,00,000
rupees, making a gross total of 21,50,00,000 rupees, and
to this should be added 1,00,00,000, " the sum in which
the expenditure on Public Works Extraordinary in the
above two years was leas in each year than the amount
expended on the' same account in 1856-7 ;" this being
done, the probable deterioration in 1857-8 and 1858-9 is
estimated at 22,50,00,000 rupees. As a set-off against this
fearful sum, there will be the forfeiture of pensions and the
confiscation of the property of rebels. The estimates for
1859-60 are being prepared. Lord Stanley tells the
Governor-;General that he shall resort to a further
loan in this country with the very greatest reluctance,
but that under , actual circumstances " such a step
appearS to be inevitable." The Govern.or-General, how 7
ever, is, strongly urged to depend solely 'on local resources
for the ways and meaus required by the Indian Govern-
ment, .so that this loan may be the last to be railed in
England. The whole debt of India appears to amount
to £74,543,167, of which £18,573,781 has` been con-
tracted within the last two years. .Lord Stanley, on the
strength of this startling fact, recurs to the subject of
loans, denounces the system of raising such loans to meet
the general expenditure of the State as " most disas-
trous," and calls the serious attention of the Governor-
General and his Council to the question how otherwise
to meet the heavy disbursements at present entailed for
years to come by recent events. And the Governor-
General is required to state his own "'views" on the
subject without delay.'