Page:Statesman's Year-Book 1899 American Edition.djvu/1421

 FINANCE

1065

The following table gives the budget estimates for 1899 : —

Source of Revenue

Francs

Branch of Expenditure

Francs

Real Property

652,364 i

Interest and Sinking

Capital invested.

2,055,210 '

Fund. ..

4,243,265

General administration

54,100

General administration

1,182,800

Departments : —

Departments : —

Political.

31,500

Political

657,900

Interior

5,700

Interior

12,695,501

Justice and Police

412,500

Justice and Police

453,200

Military-

2,692,950

Military

27,015,924

Financial : —

Financial : —

Finance.

220,000

Finance.

360,400

Customs.

47,000,000

Customs.

4,828,200

Commerce, Industry, \ and Agriculture. J

551,300

Commerce, Industry,

and Agriculture : —

Posts and Railways : —

Industry.

1,225,100

Railways.

234,400

Agriculture

2,850,075

Posts

32,499,000

Commerce

818,000

Telegraphs

9,484,000

Assay Office.

21,600

Miscellaneous

31,976

Posts and Railways : —

Railways

400,650

Posts

31,933,000

Telegraphs

9,484,000

Miscellaneous

40,385

Total.

95,925,000

Total.

98,210,000

The public debt of the Confederation amounted, on January 1, 1898, to 83,891,688 francs, mostly at 3| per cent. At the same date the 'Federal Fortune,' or State property, was : real property, 40,995,314 francs ; stock, &c., 39,881,994 francs ; works producing interest, 22,334,089 francs ; stores not pro- ducing interest, 19,675,900 francs ; various debts, 500,707 francs ; inventory, 82,422,214 francs; cash, 6,044,609 francs; total, 161,854,827 francs, the net Fortune being thus 77,693,140 francs.

Local Finance.

The various cantons of Switzerland have their own local administrations and their own budgets of revenue and expenditure. In 1890 their combined revenue was 79,152,000 francs, and expenditure 80,178,000 francs. The cantonal revenues are derived partly from direct taxes on income and property (on varying scales, and olten with progressive rates for the diflerent classes), and partly from indirect duties, stamps, &c. Several cantons have only indirect taxation ; and over the whole about 58 per cent, of the revenue is raised m this form. Most of them have public debts of inconsiderabe, amount, and abundantly covered, in eveiy instance, by cantonal propertly chiefly in land. In 1890 their combined debts amounted to 259,483,000