The Sun.
London, England, 1863-06-05 00:00:00

INDIA.

SIR CHARLES TREVELYAN'S BUDGET.
By the arrival of the Bombay mail we have ad-
vices from Bombay to May 14, and from Calcutta to
Mai 5.
The financial statement of the Indian Chancellor
of the Exchequer for 1863-64 was delivered by Sir
Charles Trevelyan on the 30th April in the "Coun-
cil of the Governor-General for making Laws and
Regulations." According to the Minister the state-
ment was based on " an outside estimate of expen-
diture and an in side estimate of revenue." The fol-
lowing is a summary of this document :
" The total gross revenue of 1862-3 is £45,105,700,
which is £2,134,500 more than the budget estimate,
and £1,276,288 more than the actual receipts of
1861-62. It is a favourable indication of the pro-
, gress of India that the revenue is t abitually under-
! estimated. The growth is so rapid as to outstrip
every calculation which it is considered safe to
make. The total expenditure in India i❑ 1862-3
is £37,228,900 against an estimated sum of
£36,329,400, but to this last must be added
£366,300 for loss by exchange, which was not
provided for, and the real comparison, therefore,
stands as follows :
Budget estimate ...................... £36,329,400
Add loss by exchange ................. 366,300

Regular estimate ........... 36,695,700
......... 37,223,900

Excess of expenditure over the budget
estimate, . ................... 533,900
The total expenditure in India in 1861.62 was
£37,245,756, and there is therefore a decrease of
expenditure in 1862.63, compared with the preced-
ing year, of £16,856. These results are satisfac-
tory,
inasmuch as they show improved accuracy in
estimating the expenditure and the absence of any
increase in it. The net expenditure in England is
£5,292,397, which is less than Mr. Laing's esti-
mate corrected by the additions which Sir C. Wood
directed to be made (making a total sum of
£5,491,432) by £199,035. This arises from reduced
expenditure at home. The sum paid at home for
guaranteed interest on zailway
ma capital, l neffic receipts, is X 1,647,478, against a budgetess esti-
t
Tate of £1,500,000. The gross expenditure in
India) added to the net expenditure in England,
including railways, amounts to £44,168,775 ; and
of In
deducting this from £45,105,700, the gross revenue
dia, there remains a net surplus of £936,925 of
income over expenditure for the year 1862-63. This
result is more favourable than that shown in the
regular estimate, because, as has been already
stated, information was subsequently received of
reductions having been, made in the home charges
and guaranteed interest.
The ESTIMATED REVENUE OF 1863-64.
total amount of revenue estimated by me for
more
1863-64 is £45,306,200, which is only £200,500
than, according to the regular estimate, will
be actually realised in 1862-63, Indeed, when the
increased receipts from opium, of which information
a
has since been received, are taken into account, my
estimate of the revenue of next year is less than the
actual receipts of this
year. In the absence of an
extraordin y
April, 1864, try h unexpected check before the end of
ere must be a progressive increase of
the public revenue taken
the receipts be as a whole which will carry
been taken, yond the figure at which they have
Row much reason there is to expect a
sustained pro gress will be seen from the following
statement of the annual revenue since the mutiny :-
1858 59, £36,060 XBB. 1859-60, £39,705,822 ;
1860 61, £42,903,234 18 -1-62, £42,829,472 ; re-
gular estimate for 1862-63, 1.:45,105,700. From
be seen : 1.
these it will That the
increase in 1862.63
over 1858-59 is £9,044,912.
2. That the average revenue of the three
last years exceeds
that of the three first
years by £4,382,520. 3.
That the aggregate
increase in four years upon the income of 1858-59 is
£27,301,076; and 4. That there has been an ave
EXPENDITURE FOR 1863-64.
rage annual increase in each succeeding year of
£2,730,107.
XPENDITURE
ESTIMATED
The total estimated expenditure in India for
18b3 64 is £37,525,300, which is
1:296,400 more
than the regular estimate for 1862-63, and
£279,544
more than the actual expenditure for 1861-62. The
estimate for 1863-64 exceeds the estimate for 1862-
63 by a larger amount, but the true comparison is,
not with the expectation which the budget estimate
of 1862-63 held out, but with the near approxima-
to actual fact afforded by the regular estimate of the
same year. The increased expenditure in 1863-64 is
caused by additional appropriations for public
works, the greater part of which are of a nature of
a highly reproductive investment. In other respects
the expenditure has been kept below its previous
level. The net expenditure in England is estimated
by the Secretary of State at £5,347,300, which is
more than the expenditure of 1862-63 by £54,903.
This is caused by increased payments for the Persian
Gulf Telegraph,and for the site and construction .
the India-office. It
of
It is estimated that the home mili-