The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-22
1875.
SO. Ooo.OOO f5.172. O0O. OOO

Inspite of the substantial reduction of
the English, American, Spanish and
German debts there is a net increase
for the IA nations in the 20 years of
eS4S. 900, 0O0 1t may be added that in
1885 these same II nations owed Ga
100000 900, made up thus: France,
e99S coo, 600; Great Britain. c749,000,OO0;
Italy, e455,c00,000; Russia. e3S1, O,OOO;
United States, 9379, 900, 600; Spain,
9270 900, 900; India, e127. 0O0, 900: Turkey,
e127 200, 900; Australasia, &9S000,OOO.
and Portugal, e83, 100000. In the years
1S75-S5 there was on this showing
net reduction of about Els, 100000 on
the Indebtedness of the nations
enumerted; but the whole world S Obli-
cations in 1885 represented an increase
on 1875, our calculations giving a total
for the former of nearly $4,000, 600. 900.
Among the minor debtors Belgium has
increased its obligations from G71,0OO,-
600 in 1875 to G91, 600 in 1895, and in
the same time the debt of the Neither
lands has gone. up from ESQ 900 to
992, 500, 900, and that of Canada from
G 80 100000 to S51, 30C 600 The Greek
debt stands at 932. 984, 900. and that of
Mexico at e32, 100000 (as against eeS,-
SOC, 900 in 1879: while among the new
borrowers must be reckoned Japan,
which now owes G47, 100000, and the
Argentine Republic. which owes about
STA 000, 900. For the small borrowers
Bulgaria, Denmark, Norway, Sweden,
Chile, Peru, SeIvia, etc.,-we have al
lowed 100000 900, which is probably
only two-thirds of the actual obliga-
lions Of these nations.
The sum paid annually as interest on
the worlds debts approximates to
e230,000 900. Twenty years ago the
total was about 5000, 600, 900, and the
increase of only $50 000, 600, with a
capital addition of more than G1,0o0,-
600 900 is explained by the fact that
money now is cheaper, provided credits
are good, than it was in 1875, when on
some of its loans England was paying
3A per cent; India, 4 per cent; Holland,
AZ per cent; Canada, AZ per cent;
France, Russia and Brazil, 5 per cent;
Italy and Portugal, per cent; Hun
gary, ~ per cent; Egypt, per cent:
Turkey and Peru, 10 per cent; Spain, Is
per cent, and Mexico, IS per cent.
France, of course, pays out the largest
sum of money every year in the way
of interest, the total running to about
e37, 00O, 600, or 19s Sd. per head of the
population. Great Britain's disburse-
ment is &24, $40 900, or Us. sd. per head.
Russia pays out a little more, 924. 1885,
900, or As. lid. per head. Austria Hun
gary, on the joint and special debts,
pays out &37 10000 a year, and the
average per capita expenditure on the
joint debt is As. 10d., on the special
Austrian debt los. 1Od., and on the
special Hungarian debt 15s. The an
nual charge in Italy amounts to 923,-
$50, 600, which works out at the rate of
los. Id. per head. Spain pays rearly
Eli, 300, 900 interest annually, or 13s. Id.
per head. Though the capital itself is
large item, the charge per annum
in the United States is no more than
Is. cd. per head. In Uruguay, on the
other hand, it runs to as much as 81
IS. Cd. per head. Burdett says that in
Peru this per capita charge runs to Ell
3s., but there must be something wrong
with Burdett's figures. In Portugal the
amount is los. 1Od. per mead and in
Egypt lis. 10d. per head. IN Germany
it is no more than Is. 4d-
Can any one say off-hand what is the
aggregate debt of all the English pos
sessions in all parts of the globe? We
will give the total; that is. 81 ,097, 1885,
600. After the mother country, India
has the heaviest debt the total icing,
as we have seen, e127,600,0)O. Then
comes New South Wales with e5S225,-
600. Canada with &51, 2SS,000 (aeO,
Victoria with e47, 1897, 800, New Zealand
with 939, 635, 900, Queensland with $780,
$50. 500, Cape Colony with 927 ,675, 17S,
and South Australia with 923, 100000.
st. Helena brings up the rear with a
modest G5.40S.