The Sun.
London, England, 1823-08-05 00:00:00

RUSSIAN FINANCES.

The Superintending Council of the Credit
Establishment having met on the 27th of June,
Lieutenant-General CANCREN, Minister of Fi-
nance, opened the business with a speech on the
state of, the several objects to which the attention
of the Council was to be called. His discourse
was consequently divided into the following
heads

Str.txtrio FuNti Comsrlastow.—Under this bead the 51i-
nister stated the amount of the debt on the Ist ef June, 1822 ;
the inscriptions redeemed in the course of that year, and cer-
tain claims on the Government which had been admitted. Of
the loan concluded with Messrs. Rothschild in London, in the
year 1822, he could not give an account until it was completely
terminated. Its amount was stated to be 43,000,000,0 f silver
roubles, but of which only 23,000,160 silver roubles had yet
been inscribed in the great book of the public debt. The re-
edit of his details appeared to be that the public debt on the
Ist. of January, 1823; stood as follows
Dutch Loan - 48,100,000 florins.
Debt from terminable an- f 3,364,000 roubles in silver.
nuities . - 1 - 34,503,753 in assignats.
Debt bearing 6 per cent. f, 20,620
.i oubles in gold.
perpetual interest ,015,412 in silver.
Debt bearing & per cent. .
9
).
t 240,945,711 in assignats.
perpetual interest •
61,382,360 roubles in silver.
-
The sum destined, according to the regulation of the Sinking
Fund Commission, to the diminution of the mass of assigeats
in circulation., consists, for the year 1832, of 32,402,710 roubles:,
He oh:e.rved, that the examination of the account presented.
by the Commipiinn, would convince the Council. that, notwith-
standing an augmentation of the public debt, the payment of
the capital and theinterest was perfectly secured.
ASSIGNAT BANK.—According to a statement under this
head, the law prohibiting new emissions of asrignats hits b:2.eri
strictly observed, and the quantity now in circulation amounts..
to 093,721,010 roubles. • :"

LOAM flAim.—The sums advanced by this Bank in the
' year 1822, ehiefly, for assistance to manufacturing establish-
ments, amount to, 10;495,731 roubles 50 copecs in -atisignats.
.According to the account presented by the Bank, its profits
amount to 0,557 roubles 334 copees in gold ; 81,681 roubles
114 copees in silver; 1,444,2 M roubles 82 collets in assign.; ts,
UOMMEpCtAL flax:K.—The capital of this establishment,
fixed at 30 millions, was compktcd in 1822. Its transactions
during the same year extended to 185,230,858 roubles 73 cores.
The loans on merchandise exceeded those'of 1821 by 4,3f;),552
roubles 31 '.copees, ....Then.; remain due on protested bills of
• exchange, the payment of which the Molt ii Inosectiting before
the ordinary Sr-Mut:Ms 2,351,;113 renbks 11) eof.).!cs..
The profits of the Hank arnl it factories, cleducting their ex-
pence, arnolot to I ,910,C15 rouhle.tt 55 c,pecs.
The flank had, in all its tiantiactions, Stlictly 'followed the
prescribed rid s, and the examination of the ac:!ounts showed
that the total of the returns of that es,.i.blishrsmt and its fac.
tories, in tb, y, ar It-122, is 81,10,079,0Z5 rc,nblos 10 copecs in
assignats, r. '' ::,150),Ciii roubles 31 copecs in n:tallies. The
Minister c: : ,I Aby raving-" flaylog thus ptes,tAlted to
a view of t: -.rations of our credit establishment:, I have to'
beg that yi: . . i„ ~, :!!.. to the examination of those accounts
the nine a . , :,,1 impartiality whiela in fonu-r veers so
powerfully c{,t ;: i bitted to corivince tile public of the order
observed in •.;. t ,--,ablishments, and the scrupulous ponctu.
ality with • : •y adhere to the course oritir,ally traced
out for thc:;.. 1:',.,r my part, I shall not fail to co-onerate in
every thing , ,able of supporting and Consolidating them,' by
combining , '.:.;r insure operations with 'the 'actual situation of
affllirs, w; ill Jr." experience of the past, with the bacpccnt, ia_
tensions of our august Sovereign, and consquantly with the
public intcnAt, af; well ::s with the interef.ttief individuals."
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