Russian Finances.
The Times, 1824-08-03T00:00:00

The SuperintenngCoun of the Russian Credit Establishments having kassembledon the mJtof June, Lieutenant-GeneraljCancrin, ee Minister of Finance, .opdned the business of the meeting by a .p3ee7h, in which he took a comprehensive view of the accounts sub. 'Irdtted.to the consideration of the Council. He observed, that the rteport ftom the 8inking Fund Commission showed that aU the pay. *nents of tle public debt had been efrected in 1823 with the most r1eruPu"Ou8punctuality. Somne inTportant measures had been adopted dince the Preceding report; one of which was the temporary susPen. MOa of the burning of the assignats, and the employment of the asmm destined to that object in the extinctiont of the public debt. The Loan Bank Was to proceed to further loans on a new basis. This measvure was dictated by the necessity of giving vent to the great capitals which remain unemploved in banks. He next entered Into a statemnent of the debts of the State, wbether consisting of Perpct-al or terminable ainuities, as they appeared by the accounts snasde up to the lstofJanuary, 1823. Among the debts inscribed in the Grand Book in 1823, he mentioned 19,999,840 rubles, in conse- quenCe' of tle loan contracted at London with the house of Rothschild in 1B22. The State debt consisted, on the 1st rsf January, I 84, of- The Dutch debt . . 47,600,000 florins. Termninable Debt. Rubles. In silver . . . . 026,000 In assignats . . . . 31,162,4fih-fi7 Debts bearing perpetual Interest at 6 per ceat. Gold .20,1320 Silver. . .* ,831,12-93 Assignatg . . . 229,466,611 Debts bearing perpetual Interest at 5 per cent. Silver . . I I . 79,677,200. The amount of assignats at present in circulation is equivalent to :695,776,310rubles. The Ioan Bank,in the course of 1823l madeloans to theextcrt of4,156 rubles insilver, and 6,667.057in assignats. Dur- ing the same yeAr the profits of the Bank arnounted to 1,733 rubles, SSd copecs in gnld ; 27,034 ruibles, 44t in silver; 655,2.5, 93 in assig- 1)5tY. T.,c capital of the Commercial Bank is 30 millions of ru- bles; the deposits, consignments, &c., amount tn 182,519,301 ru- ble. The numnber of bills protested was inconsiderable, compared wvith t"ose of the preceding year,; and the amount of the sums wlhich1 Temair to be recomered is less than that exhibited by the account for 8 22. The profits of the Bank for 1823 amount to 1l47,171 rubles. 2,1 topecs. General Cancrtn conclude(d by saying-." This sketch of tlle situation of our credit establishments in 1823, proves that they c-ntinue in a flourishing state, and that no di&=,grecable accident has jisturbed the progresz of any of them. The too great accumulation os capital remaining unemployedl in fhe two Banks, has, without d(ubt, been unfavoanrable to therm. This iinconivenience, which hts, in spite of every effort to chcck it, existed for several years, could not he rernedierI in 1823; because, on the one hand, weighty consi- dcrations prevented the Loan Bank from resuming its operations be- fore the year 1824; and on the other. it was impossible to give to dis- counts, entirely dependwing on thestate of trade, an extent which would not bave been in harmony with it. It wvas, on the contrary, necessary to proceed with all the circumspection which operations of this nature require. The opening of the Loan Bank, however, affords at present, if neei be, the means of putting in circulation the capituls which are lying idilo in the Commercial Bank." R-USSI-A PINANCR6C.