THE EVOLUTION OF PROVINCIAL FINANCE IN BRITISH INDIA - Page 178

BUDGET BY SHARED REVENUES 163

of 1887-8. The shares in the Joint Revenue were so readjusted as

to give to the Imperial treasury a larger gain from the growing

yield of the provincialized sources. The amount resumed by the

Imperial Government at this revision through readjustments of

shares was estimated as follows:—

Province Increase of Revenue in 1891-2 (Revised Est.) as compared wih the Estimate for the Contract of 1887-8 to 1891-2 Amount resumed by the Government of India
C.P. ... Lower Burma ... Bengal ... N.W.P. & Oudh ... Punjab ... Madras ... Bombay ... Assam ... Total ... Rs. 119,200 334,900 517,700 53,300 195,400 313,200 399,200 99,800 Rs. 22,700 58,900 51,900 56,900 41,000 103,800 131,100 ......
2,042,700 466,300

But this gain to the Imperial treasury seriously disturbed the

equilibrium between the expenditure of the Provinces estimated

as normal for the ensuing period and the normal estimated yield

of revenues left to them. To restore equilibrium between their

normal expenditure and normal revenue the Government of India

reverted to the discarded method of fixed adjusting assignments,

so that while the actual revenues and charges deviated from

what was estimated as normal for the period of the settlement,

the adjusting entry allowed by the Imperial Government to each

of the provinces remained fixed throughout the whole period.

The following is a statement of estimated normal expenditure

and revenues of the different Provinces with their respective

adjusting assignments as fixed for the new period :—

Provinces Provincial Revenues Col3 Col4 Provincial Expenditure
Ordinary Revenue being a share of certain Receipts Adjusting Assignments Total
C.P. ... Lower Burma ... Assam ... Bengal ... N.W.P. & Oudh ... Punjab ... Madras ... Bombay ... Rs. 567,600 1,427,500 657,700 4,249,300 3,403,500 1,370,400 2,479,300 3,123,900 Rs. 220,500 414,300 —112,700 —143,900 —250,000 348,500 325,400 771,400 Rs. 788,100 1,841.800 545,000 4,105,500 3,152,900 1,718,900 2,804,700 3,895,300 Rs. 788,100 1,841,800 545,000 4,105,900 3,152,900 1,718,900 2,804,700 3,895,300