Page:Statesman's Year-Book 1871.djvu/134

98 The extraordinary, or 'for once' (einmalige) expenditure for the year 1870 was distributed as follows: —

Thaler General Post Administration .... 12,220

Telegraphs 59,822

Federal Army 248,224

Federal Navy 4,403,460

Total extraordinary expenditure. . 4,724,426

Total expenditure. . . 77,446,287 £11,616,493

The estimated revenue for the year 1871 was made up from the following Confederate receipts: —

Thaler Customs and Excise duties 48,574,500

Stamp Duties

Surplus of the General Post

„ „ Telegraphs

Miscellaneous Receipts.

Total revenue

896,000

12,220

59,822

2,155,212

51,697,754 £7,754,663

The deficit of the year 1871, amounting to 25,748,533 thaler, or 3,861,830/., was to be discharged by Confederate contributions, the assessment of Prussia amounting to 19,249,584 thaler, of Saxony to 1,954,203, of Mecklenburg-Schwerin to 462,079, of Brunswick to 225,400, of Oldenburg to 201,102, and of Saxe-Weimar to 140,892 thaler, and the remainder falling to the share of the minor states.

At the end of 1870 the Confederation had contracted a public debt of 110,000,000 thaler, or 16,500,000/., incurred for extraordinary expenditure on account of the army and navy, not provided for in the budgets. The debt was made up of two loans, the first, amounting to 10,000,000 thaler, or 1,500,000/., issued under decree of November 9, 1867, and the second, amounting to 100,000,000 thaler, or 15,000.000/., issued under decree of July 20, 1870. The loan of 1867, at 3½ per cent., was subscribed in Germany, and that of 1870, at 5 per cent. — contracted at the rate of 88 — partly in Germany, and partly in Great Britain.

Under the new law of federation, uniting all the states of Germany, the sources of revenue, as well as branches of expenditure, of the North German Confederation, are spread over the Empire, with certain exceptions. The railways, posts, and telegraphs of Bavaria do not come under the Federal jurisdiction except so far as regards military purposes; nor are the stamp duties of the Confederacy uniformly raised in that State. Baden, Würtemburg, and Bavaria are all exempt from the Federal excise on beer and spirits, and, consequently, do not participate in the distribution of the sums flowing