BUDGET BY SHARED REVENUES 175
by the Imperial Government, from three-fourths and onefourth to one-half between the Imperial and the Provincial, the share in the land revenue being guaranteed up to 82½ lakhs. The only exception to this rule of even division was the Registration revenue, which was made wholly provincial. To balance the revenue with the expenditure an assignment of Rs. 27,07,007 a year was fixed and an initial grant of Rs. 30,00,000 was given for a fair start.
Along with the settlement of the Central Provinces it became necessary to reorganize the budgets of the quasipermanently settled Provinces of Bengal and Assam owing to certain administrative changes. The two Provinces were reconstituted into (1) Bengal and (2) Eastern Bengal and Assam. In the revision of its financial settlement the new Province of Bengal was accorded the same proportionate share in the joint revenues as were granted to Bombay and the Punjab— namely, a share of a half in all the joint heads. Registration and that portion of the Land Revenue which was derived from Government Estates under the direct management of the Imperial Government were, however, made wholly provincial. In lieu of this favoured treatment the fixed assignment of the Province was reduced from 49.03 lakhs to 5.72 lakhs.
In the new Province of Eastern Bengal and Assam the principle of even distribution was applied to all joint heads of revenue and expenditure with the exception of Registration, which was made wholly provincial. This enhancement of shares so greatly augmented the resource side of the Provincial Budget that the balance had to be restored by a negative operation of a fixed adjusting assignment from the Provincial to the Imperial funds. The following figures show the standard expenditure and the standard revenue for the three provinces brought under the quasi-permanent settlements :—
| Province | Expenditure | Revenue | Col4 | Col5 |
|---|---|---|---|---|
| Revenues | Assignments | Total | ||
| C.P. ... ... ... Eastern Bengal and ... Assam Bengal ... ... ... | Rs. 1,76,43,000 2,12,19,000 4,72,73,000 | Rs. 1,49,36,000 2,18,42,000 4,67,01,000 | Rs. 27,07,000 6,23,000 5,72,000 | Rs. 1,76,43,000 2,12,19,000 4,72,73,000 |
Some modifications were later on introduced in the settlement of the Province, so that a positive adjustment had to be made by an assignment from the Imperial to the Provincial of Rs. 60,000 a year.