The New York herald., 1871-11-24


almost completed his estimates for the national
budget, which will bc submitted to tho Legislative
Assembly at the opening OF the session.
In this State paper the Mini stsr will call for
fresh loan Of 10000 ',ooor
Financial Resources OF the RepublIc- Debts
and Credits or tho French Nation.
The budget plan Of the French Minister Of
Finance Tor the proposition of q new l0an Of the
amount OF 100000 ooof., ON the occasion Of the
sssembage OF the National Legislature, renders
the occasion Of It's announcement pertineat for
review OF the monetary condition OF tee republic
its debts. credits and income.
THE FIRST LOAN or THE REPUBLIC
On the 10tn OF November, 1870, N. de R0ussy.
delegate OF the Ministry OF Fnance-the department.
being IN an unsettled state at the moment--submit.
ted dtotne French governments the following report:
BY decree OF October 2S, 1870, the government
authorized pubic subscription with the view Ol
realizing loan Ol 2o0UjJ,0o0I. contracl ell IA Eng
land. On the same date Instructions and notices
were sent 10 the agent OF the Treasury, Dut OH ac
count OF the interruptions caused by the they
were only received Ia 3lU ACCOMPLISHMENTS Out Ol Jil,
anu paras Was Unable to participate u the smn.crp.
October u, AMI closoi October 2. The su0,c
Mons @ amounted 70 g,es, oout, Represented by
25o0f; 62o obligations OF 6GOf; xi4 ObiigatiUns OF
25.0oO. simultaneously with The call made ON capl-
quirements Of the national defence, loans for ne
same otlcct were issued by . large nuubcr o. the
OF the loan or So 600 0oUf falling due uctOher 81.
was promptly paid The prccc.ling results may be
considered ~ nrvoi OF sne rcsonrses o, INC INC cnmn
OF tho state. DE ROUSSY.
INCOME AND EXPENDITURES.
In the month OF September, 1871, tho French legs-
lative body nxed the ordinary expenditure OF tho
current year at 1857, 6.25sf, including the pay
ment OF the various annuiltcs tue service OF the
trentenary bonds. Tho budget was presented in Oc-
t0ber. The paper set forth that the war, the inva-
sion and the insurrccton OF Paris raised the sum to
2023, ,246, ,o54t, being difference for the ordinary
budget OF $40, L0,O00f. IN round numbers The
chapter OF the pubic debt ana donations appeared
for $50, 600 0oOE The ordinary ways and means. In
cluding the receipts arising from the former NIX ng
fund, were originally estimated at l.s6o, 544 527f.,
whereas they amounted to l.s67, ,2sl .452l. Ihe
new taxes anu surcharges on old ones ought 10
give l2c,o0O,00JI. tle sunpiem mt voted by the
Chamber to cover the cost Vi the Oal Of two NIL
harris. ana the interest due On IL for the year ISL
was IA Il mill 0ns; IN All, 34'& millions. On the
other hand, The Ordinary reveane experienced a re.
ducti0n uf 3s7. $50, OIL Oh the estimated toia and
that sum represented the contingent .. the terri
toy ceded 70 PRUSSIA ,b me ,a OF nws Mss
1866 1884, 5o2t. those being 'hc figures furnished ~
the Minister OF FinaiAr' OF the day. 10 sum up. 'he
budget OF extraordinary receipts amounted "
l,27a 1854. .3.5f, while tnat o. expenses OF the same
origin was only l,l75.tIS I4I ihe ordinary budget
onuWCu ueuCt Ot ~ tu1l suC iCpuuso
was k the moment IN presence vi o known de-
hciency OF 81, 900. .0oOi. for ISL.
N. CHhyALIERfs COUNT the PAST AND PRESENT.
M. Michel Chcvalier made an atteinpt to clear up
the money tangie. M. ChcVahcr thought that what
II Is essential TO ind ent Is the burden OF deOr
France viii have to pay interest ON. and 10 do ~ no
began at the beginning.
Wnen the frsl empire was Ovcrthrown IN 1914 the
yearly Interest on tile cOnsOina ci debt tan IN tive
per ca ts) amounted to U3UOo,v0o francs. Alter INC
Hundred Days 1t To 165, ,00O 900, and iferwent
no rurther increase until f'aO L0us Fhls1ppe's
reign only added l2,O00.O0O to the annual cnaige;
the republic ol 1s4o Increased It. by oA 100: ai
the second empire by l2g,OJl JUO. TO put u mord
clearly we give the amounts 0i Interest on me con-
sOlidated debt In tabular lUrm:-