FINANCE
931
The State's debt having undergone during the year 1894 considerable modifications, which, among others, render it impossible to treat the Re- demption of Land Loans separately, the Ministry of Finances has adopted the following new classification of State debts : —
Debts
Jan. 1, 1897
Jan. 1, 1898
Loans
Gold 1 Imperial=10r.
Paper
Gold 1 Imperial=10r.
Paper
per cent.
3 .
3-79 .
4 .
4i .
5 . Others .
Roubles 333,895,250 99,659,375
1,509,501,908
110,397,500
11,558,600
Roubles 78,000,000
137,331,000 136,553,044 248,560,000 155,400,000 37,057,153
Roubles 332,830,375 99,421,875
1,501,787,625
109,707,500
26,517,860
Roubles 78,000,000
104,331,000 113,120,874 248,180,000 152,060,000 35,712,565
2,065,012,633
792,901,197
2,070,265,235
731,404,459
per cent. Bonds :
3 .
4 .
5 .
6 . Others .
14,976,266 48,837,200
2,024,368,274 42,157,538 38,490,119 22,938,531
14,503,392 48,837,200
2,131,487,389 42,157,538 38,488,362 22,934,404
Paper currency uncovered .
63,813,466
2,127,954,463 621,281,634
63,340,592
2,410,067,693 175,000,000
Grand total
in paper ronbles=i'j of Imperial.
2,128,826,100
3,542,137,294 = 6,735,376,443
2,133,605,827
3,141,472,152 = 6,341,880,893
The excess of 15,109,836 roubles gold and 107,244,169 paper roubles is due : (1) to the acceptance by the State of railway debts (15,109,836 gold) ; and (2) to inner 4 per cent, bonds (80,000,000) ; while the diminution is due to : (1) 446,281,634 roubles by which the paper currency has been covered ; and (2) various small items.
During the ten years 1887-97, the movement of the State's debt was as follows : —
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