Page:Statesman's Year-Book 1899 American Edition.djvu/1288

 932

RUSSIA

Increase or decrease of:—

Gold

^'^^^'^ lr.gold=lr.50c. paper

State's debt Interest Annuities.

+ 762,291,505 + 23,230,273

+ 350,558

-65,500,832 +1,078,881,425 -15,505,113 +19,340,296 -16,364,464 \ -15,838,627

It thus appears that although the State's debt has increased by nearly 1,079,000,000 roubles (20 "5 per cent.), the yearly payments of interest and annuities were only increased by nearly 3,500,000 roubles (0.3 per cent, during the same time.

The conversion operations of the years 1889-96 are summed up as follows in Controller's report {Official Messenger, December 31, 1897) : —

—

Gold

Silver and Paper j

Loans converted :

6 per cent

5^ per cent. .... 5 per cent. ....

4^ per cent

Treasury bonds

Total .... Paper currency covered

Cost of conversion

To cover paper currency

Total cost

New loans concluded :

(4 p. c.) for nominal sum of

Taken from Imperial Treasury.

Roubles 50,000,000

773,283,420 121,507,438

Roubles

65,174,900 1 1,531,376,7/00 |

57,669,000

944,790,858

1,654,220,600

( = 3,071,406,888)1

148,061,277

1

106,301,507 265,301,277

129,307,625 \ 31,278,167 1

—

( = 717,989,967)

910,448,375 391,233,647

1,674,000,000 ' ( = 3,039,672,562)1 164,004,800 (=750,855,269)

1 1 rouble 50 copecks paper = 1 rouble gold ; 1 rouble paper = 1 rouble silver. The money in the Imperial Treasury for the last five years was : —

Year Jan. 1.

Gold

Paper and silver roubles

Total (paper

roubles at 66§ c.

in gold)

544,800,288 732,323,209 628,848,882 755,817,892 .562,678,265

Ready cash

1894 1895 1896 1897 1898

236,248,745 258,682,411 193,548,259 225,136,522

190,427,171 344,299,593 338,526,493 418,113,108

239,553,120 333,404,565 273,944,615 246,501,328 214,733,443