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76 brought increased receipts to the govern- ment exchequer, new cotton factories were established, the State Railway began to be a paying concern, the Berar Settlement yielded a steady annual revenue, and the net result of Sir George Casson Walker's regime was that, whereas in years immediately preceding the period when he took office the government treasury had not had enough to meet calls of quite an ordinal nature upon it, when he left Hyderabad the income paid into the government treasury was annually in excess of the whole year's expenditure.

In 1911, Sir George Casson Walker was succeeded by Mr. R. I. R. Glancy, i.c.s., who was, at the time of his appointment, First Assistant to the Hon'ble the British Resident. Since then there has been a yearly surplus, and there seems to be every reason to believe that this prosperous state of affairs will continue.

In 1320 Fasli (1910-1911) the surplus yielded amounted to Rs. 1,37,48,681 and in 1321 Fasli (1911-1912) it was Rs. 69,38,073. In the preface to his Budget Note for 1323 Fasli (1913-1914) the Finance Minister says : — "The annual surplus now averages