492
DENMAKK
Revenue
1 Kroner
Expenditure
Kroner
Balance of domain
Civil list and appa-
revenues
821,220
nages
1,203,200
Interest on State as-
Rigsdag and Council
sets
5,030,199
of State
319,016
Direct taxes
10,467,600
Interest and expenses
Indirect taxes, mainly
on State debt
6,828,100
customs and excise.
48,019,000
Pensions, including
Posts and Telegraphs
332,460 ;
military invalids .
3,356,812
Balance of lotteries .
1,100,000
Ministry of Foreign
Separate revenues
570,312
Affairs .
698,556
Revenue from employ-
i
Ministry of Agricul-
ment of property
1
ture
2,448,895
and funding of debt
1,821,501
Ministry of Interior .
4,850,478
Ministry of Justice .
4,594,797
Ministry of Public
Worship & Instniction
4,461,425
Ministry of War
10,316,835
Ministry of Marine .
6,996,844
Ministry of Finance .
4,168,378
Iceland .
78,431
Extraordinary State
expenditure .
5,245,489
Improvement of State
property and re-
Total revenue
duction of debt Total expenditure
12,403,656
68,162,192
67,970,912
An important feature in the administration of the finances of the kingdom is the maintenance of a reserve fund of a comparatively large amount. In 1867 it was 116,246,060 kroner; in 1877, 38,365,915 kroner; in 1887, 17,820,879 kroner. On the 31st of March, 1898, it stood at 17,890,461 kroner. The object of the reserve fund is to provide means at the disposal of the Government in the event of sudden occurrences.
The public debt of Denmark has been incurred in part by large annual deficits in former years, before the establishment of parliamentary govern- ment, and in part by railway undertakings and the construction of harbours, lighthouses, and other works of public importance. The following table gives the national liabilities at diff'erent periods, from 1870 to 1896 : —
Year ending March 31
Capital of Debt
Year ending March 31
1896 1897 1898
Capital of Debt
1880 1890 1895
Kroner 173,838,612 188,148,541 208,428,026
Kroner 199,061,871 196,405,438 208,193,351
The debt is divided into an internal and a foreign. The total foreign debt amounted in 1898 to 138,512,250 kroner. The debt is mostly at 3 per cent
