REVENUE AND EXPENDITURE.
3 6 9
To cover the deficits of the years 1862-70, a number of internal and external loans was raised, as in the preceding years. The most important of these were, first, an internal loan of 100,000,000 roubles, issued in January 1865 ; secondly, a foreign loan of 6,000,000/., raised in January 1867 ; thirdly, a foreign loan of 11,110,000/., negotiated in April 1860; and, fourthly, another foreign loan of 12,000,000/., brought out in January 1870. The 100 millions were issued in home bonds of the value of 100 roubles, bearing interest at 5 per cent. The two foreign loans of 1867 and of 1869 were contracted for by Messrs. Baring, and placed at Amsterdam and London, at 63 and 80 per 100/. The loan of 1870 was issued by Messrs. Rothschild, of London and Paris, at the price of 80 per 100/. The total nominal capital of the foreign loans of Russia raised in the years 1865-70, including those incurred for the purpose of railway construction, amounted to 58,415,000/., of which sum 33,415,000/. was contracted for in England, and 25,000,000/. on the continent of Europe.
According to an official report of the Minister of Finance, dated March 18, 1866, the public debt inscribed in the Great Book, at the commencement of 1866, showed the following amounts : —
-Debts foe a Given Period, contracted previous to the year 1861.
Foreign. Five per Cents. ......
Four-and-a-half per Cents. Four per Cents.
Dutch florins roubles £ sterling
roubles
Home.
Five per Cents., bank-notes, issued by virtue of Imperial decree of June 2, 1863 roubles
32,931,000 11,807,000 10,380,000 37,025,000
5,028,950
II. — Perpetual Rentes. Foreign. Five per Cents. .......
Three per Cents. ......
Home. Six per Cents. .......
Four and five per Cents. .....
Total silver roubles .....
roubles 164,391,660
£ sterling 15,000,000
6,895,000
roubles
49,815,178 152,591,872
648,7S1,781
In the course of 1864 there were inscribed in the Great Book :- Foreign Debts. Five per Cent. Anglo-Dutch Loan, contracted by virtue of an
Imperial ukase of April 3, 1864
£ sterling 5,937,800
