, 1855-02-17
The Finances OF the Beuigers
ent Powers. Z

1uC new lOTk COUTtcT anu LlNqutTeT
gives the following interesting exhibit Of
the financial condition of the Powers now
at War in Europe Some inquiries have
been instituted as to the existing public
debt of great Britain and ireland. Itls
an interesting inquiry, because any sudden
increase of that debt affects unfavorbly our
own market. The debt Of the Peace ,of
1915 was Rs64, 800, 900, and had decreased
in January, 1854, to 9770,923, 900. The
total debt at 8 per cent was 950S, ,OO0, 900;
at 81 per cent, R2lS,0O0, 900 aud the
debt Of Ireland, R39, 900, 900; Miseellanes
ous, 95,923, 900. Total, $17O, ,992. .0o0s
with an annual charge Of about &2T ,S00i
600. sfre .7K ,
France Is burdened with smaller public
debt, but it may be well questioned wheth;
er her financial resources are comparable
with those Of the former. The public debt
of France consists in Re,ttss at 3, and a
per cent, amounting in January, 1858, to
5,576, ,952, 900 francs, or eggs, o1S,00o
sterling, viz: '2pf a1i -
Il per cent Rentes $, ,t6J .Oss OOO sISs,6ss1is
per cent. Rentes 2,O5Ob77 900. -. s2D9spa
Total. ............5 ,576 9S2 .OOO.. Z. s22SO7s,los
This debt is considerably less than in
l84T-50, in consequence Of the conFer-
sion Of half the debt from per cent
stock to AZ. Tho progress Of the debt
during the last six years is as followssllsI
Is41. eggs, sol 900 1850 .920S, ,1e5, 900
ls4S.. 233, $50, 900 1851. 2lS,S25,D00
lS49.. 274,4I0,000 1859. 1233, ,07Sg00O
The deficit In French revenues has been
very extraordinary since the year I840,
amounting IN the year l841, to thelenop-
nous SUN of 257 100000 Of francsd IN
1910, the deficit was l29, ,22S, ,00o frnlcs T;
In IS49, log, $50, 900 francs mtlS45,sit
was 100, 4S9, 900 francs in 1916, l62, 800
900 francs I; in ls41, 257 300, 900 franesi
in 1851, 100, T2s, 900 francs ioa 6lsoo
The expenditures largely exceeded THE
revenue during every year from 1S40to
1858, except in 1859, when there was
small excess ofrevenue Of 5000, 900 francs
During the year 1854, new loans were
made and the debt still further increased.
Turkey is in poor condition to Withstand
the heavy drafts for the current war; The
war against Russia, which led to the trea-
ty Of Adrianople in 1929, left the Ottoman
Empire greatly embarrassed. BY that
treaty, Rhsia not only stipulated 10 be
paid an indemnity Of 10, ,O0O, 900 dueatsfor
the expenses of the war, but brought ina
bill for indemnity to Russian subjects and
merchants to the extent Of l,500,00 du-
cats. The PROVINCES Of Moldayis and
Walachia were to be kept as q security by
Russia until these sums were reimbursed.
BY the treaty Of 1884, Russia consented 10
a reduction Of Z, 900, 900 ducats of this debt.
The revenue of Turkey arises mainly
from, an oppressive income tax BY which
the Dime, or 1.-THE, Of oil productions Of the
land, including fruit, grain, cattle, etc, vas
appropriated to the Government This
annual revenue at late date was 7S l,00O,-
900 Of piastrcs, or R6,645, ,450 sterling.
The growth Of wheat and other grainsi IN
Egypt has seriously declined of late years;
while that of Turkey has increased from
7s, 900 quarters to l, 400, 900 in 1880
Austria is in a worse position thanei-
ther of the three Governments before
named. The deficit Of revenue for some
years past has been great, viz: -