New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-11-03

possible amount OF sugar out Of his beet root.
for by the terms of law all that is produced in
excess of seven kilOgranmes of sugar for a hun
bred kiIogrammes of the root is subject only 10
one-half the regular tariff The cultivators In
the northern departments have succeeded in
getting as many thirteen kilogrammes Of
sugar out of hundred kiogramrnes OF beet
root so that under these conditions six kio-
grau1rres of sugar escape the payment of the
full duty In France the consumer is obliged TO
pay tax of TO francs for a hundred kio-
gramrnes of sugar But the Go francs does not
go directly into the treasury as is the case Win
the salt tax but Is divided into two unequal
parts one of which goes into the treasury and
the other is paid the sugar manufacturer
in a proportion that varies each year with the
sugar producing qualities Of the beet root II
the beet root is rich in sugar large proportion
is free from taxation, although the consumer
pays the same amount of tax; the only differ
ence being that the sugar manufacturer gets a
larger share of the So francs If owing to eli
matte conditions. the beet root produces COM
paratively little sugar the manufacturer gets
a smaller share of the So francs.
In 1899 the manufacturer received % francs
out Of the So francs but in 1900. which was
favorable year for the sugar producing quail
ties of the beet root. the manufacturer got 20
francs, while only 80 francs out of the 90 francs
went into the treasury. The State thus lost
getting for every one hundred kilogrammes OF
sugar produced three francs less than 1t re-
ceived during the previous year As France
consumes 400. 100000 kilogramnes of sugar
yearly the loss TO the treasury amounted TO
about IS 800 900 francs.
NJ. Caillaux says that under these circum-
stances it is impossible to draw up the estimates
with any approach to accuracy, because this I'M
IL -irzIy-
upon the weather-the extraordinary feature
being that the poorer the sugar crop the greater
is the revenue from sugar that comes into the
treasury. n. Cailaux admits that the present
sugar laws were necessary owing to the great
sugar producing competition OF Germany and
Austria and it was upon the models Of the
German and Austrian sugar legislation that
the French sugar laws were enacted 1t is in
this connection singular to note that, owing
largely to the freedom from taxation on French
sugar exported TO England. the Partisan house
keeper is obliged to pay 1 franc 10 Centines a
kflogramme for French beet root sugar which
IS sold in London at 40 confines kilosramrle
N. CaiIlaux also admits that nothing be
attempted to ameliorate the French sugar laws
until after the deliberations of the International
Sugar Congress which is to meet at Brussels
next month and from which great results are
expected.
It is notorious that years which Immediately
follow exhibition years are always financially
bad Besides the diulinution of the national
revenue. there Is a general uneasiness in indus
trial circles The Economists Francois" is
publishing a series of articles revealing the e1-
tent of losses already incurred by French and
Belgian investors in Russian industrial securi-
ties. 1t appears that. apart from investments
Of French and Belgian capital in Russian Gov
eminent bonds and Russian guaranteed rail-
roads. the which during the last eight years
has been invested in Russian industrial enter
prises alone exceeds $4,000 1000. The tables
compiled by the writer comprise long lists Of
French formed companies dealing in Russian
Industrial ventures. setting forth the prices OF
the shares TWO years ago and now The differ
ence shows an average depreciation Of over 80
per cent which means a loss to French capital
lists OF about 5000 OOO. 600. since 1899 There is
also a marked increase in the unwillingness OF