Page:Statesman's Year-Book 1921.djvu/905

 FINANCE

853

millions of francs. The ordinary expenditure was 22,827 million francs and the extraordinary expenditure to 5.498 millions, making a total of 27,826 million francs. The expenditure of the Special Rudget amounted to 10,539 millions.

The French National debt has grown from 28 - 5 millions sterling in to 50'9 millions in 1815, 2365 millions in 1848, 498 millions in 1,302 millions in 1912, (32,557,899,787 francs) ; 1,367 millions on July 31, 1914, (34,188,147,969 franrs) : 5,898 millions on January 1, 191t», (147,472,421,289 francs); and 9,538 millions on January I, 1920 (239,474 million francs).

On January 1, 1920, and on September 30, 1920, the debt of France stood as follows (in millions of francs) : —

January 1. 1920 Sept. SO, lvt©

Internal Debt: —

3 per cent. Rentes 5 per cent. Rentes

4 per cent. Rente*, 1917 4 per cent Rentes. 1918 Amortizable i p«r cent i Amortizable S per cent, rentes A mortizahle 3 J per cent National Defence Obligations Other Jeljts of the Ministry of Finance

Total of debt of Ministry of Finance Debts of other Mi:: -•

„ Total of nxed debts total of floating debt

Total Internal debt

2. External Debt :—

Fixed debt Floating debt

Total external debt

Grsnd Total.

Millions of Francs

19,745 25,165 12,944 30,257

3,040

914

Millions of Franca

1J.G71 29,227

I w

23 937 I,

VtS.693 5,043

1U -

mjm

121.305

38,478

202,561

S3 272

-'40,242

-■85 883

The Foreign Debt on September 30, 1920, was made up as follows :—

. tij-etl Debt.

Advanced by U.S.A. Treasury. :;,785,3O0,0O0 dollars

Anglo. French loan in U.S.A. .. 250,000,000

lx)anof the City of Paris in U.S.A.. 60,000,000 Loans of Bordeaux, Lyons and U.

in U.S.A. 45.000,00

Japanese lain ...... 100,000.000

American Loan secured by American Stuck 4uO.0O0.0o0 dollars

Total. ....

5,500

49,7% 2,500-6