HC Deb 03 August 1894 vol 28 cc20-1
MR. BUCHANAN (Aberdeenshire, E.)

I beg to ask the Secretary of State for India what is the estimated in crease in the deficit on the Indian Budget for the year owing to the further fall in the rupee that has taken place since the Indian Financial Statement was made?

* THE SECRETARY OF STATE FOR INDIA (Mr. H. H. FOWLER,) Wolverhampton, E.

The rate of exchange with India was estimated at the beginning of the financial year—namely, April 1 last, at 1s. 2d. Since that time only four months have elapsed, and there are not yet sufficient data for the formation of a new estimate.