'REPORT ON THE ADMINISTRATION OF THE BOMBAY PRESIDENCY FOR THE YEAR 1903-1904' [‎102r] (91/112)

CHAPTER V.—FINANCIAL REVIEW.
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1- Financial Review, 1903-1904.
I.—General Remarks.
In this review the receipts and expenditure of the Civil Department in the Bombay
Presidency The name given to each of the three divisions of the territory of the East India Company, and later the British Raj, on the Indian subcontinent. are compared with those of the previous year. The figures for 1902-1903 do not
entirely agree with those in the financial review for that year owing to certain corrective entries
having been made after the submission of that review. The figures for 1903-1904 are similarly
subject to alteration.
II.— Gross Revenue.
The gross Imperial, Provincial and Local receipts for the year 1903-1904 amounted to
Rs. 17,57,46,516 as compared with Rs. 14,02,96,252 in the preceding year. There was an
increase of Rs. 3,67,20,207 in Imperial receipts and a decrease of Rs. 14,71.625 in Provincial
receipts. The chief variations are explained below.
III.— Imperial Civil Revenue.
1. There was an increase of Rs. 1,05,11,283 in Land Revenue owing to large remissions Land Revenue,
having been granted by the Government of India in the previous year and to the collections due
in the closing month of that year having been postponed to the year under review.
2. The opium receipts increased by Rs. 31,56,892 owing to better crops in Malwa and Opium,
increased demand in China.
3. The reduction of the rate of duty caused a falling off of Rs. 54,48,350 in the salt revenue. Salt.
4. Sales of stamps improved by Rs. 38,689, the increase being chiefly under ic General Stamps.
Stamps ” and ^Miscellaneous.^
5. There was an increase of Rs. 8,59,464 in Excise revenue which is explained by tbe Excise,
increased material prosperity of the people which improved the sale of opium and liquor, and
also by tbe facts that during the year the fees for one year and 8 months were received and
that the separate shop system was introduced in some districts.
6. The increase in Customs of Rs. 93,214 was due to the improvement in excise duty on Customs,
cotton manufactures.
7. Under Assessed Taxes there is a falling off of Rs. 1,41,475, due mainly to the exemption Assessed Taxes,
from the tax of incomes below Rs. 1,000 per annum.
8. Under Forests there is an improvement of Rs. 2,11,191 which is attributed to the better Forests,
demand for timber and the large supplies available owing to the cyclone in Thana.
9. The increase under Interest of Rs. 6,40,570 was mainly due to an advance payment by Interest,
the Bombay Port Trust of interest due in 1904-05. i
10. The revenue from the Mint shows an increase of Rs. 2,67,30,574. It is due to the Mint,
profit on the large coinage of silver on Government account. It is, however, counterbalanced
by a similar increase in expenditure.
11. An increase of Rs. 21,007 under Miscellaneous is due to certain recoveries on account Miscellaneous,
of works executed by famine labour for railway companies.
12. The other heads of Imperial Revenue, such as Registration and Tribute, show small Other,
increases which do not call for an explanation.
IV.— Provincial Civil Revenue.
1. There was a falling off of Rs. 25,35,910 in Land Revenue which was due to smaller Land Revenue,
contributions from Imperial Revenues.
2. The increases under Stamps (Rs. 1,16,068), Excise (Rs. 2,86,488), and Forest Stamps, Excise,
(Rs. 2,11,192), and the decrease under Assessed Taxes (Rs. 1,35,089) are due to the causes Assessed
mentioned under the corresponding heads of Imperial Revenue.