§ Sir F. WISEasked the Under-Secretary of State for India what is the suggested bounty on railway wagons manufactured in India?
§ Mr. RICHARDSThe following table shows the bounties recommended by the Indian Tariff Board:
The Bill, prepared by the Government of India in pursuance of the recommendations of the Tariff Board, contains the following Clause:
— Number of wagons on which the bounty will be payable. Amount of bounty per wagon. Cost of the bounty. Rs. Rs. lakhs. First year 800 850 6.80 Second year 1,000 700 7.00 Third year 1,200 580 6.96 Fourth year 1,400 500 7.00 Fifth year 1,600 440 7.04 "4.—(1) The Governor-General in Council may in each of the financial years commencing on the 1st day of April, 1924, 1925, and 1926, pay such sum, not exceeding seven lakhs of rupees in any one financial year, as he thinks fit, by way of bounties upon iron or steel wagons in respect of each of which he is satisfied:
- "(a) that it is suitable for the public carriage of animals or goods on a railway in India; and
- "(b) that a substantial portion of the component parts thereof has been manufactured in British India.
"(2) The Governor-General in Council may, by notification in the Gazette of India, prescribe the conditions subject to which and the manner in which such bounties may be paid."