932
RUSSIA
Increase or decrease of:—
Gold
^'^^^'^ lr.gold=lr.50c. paper
State's debt Interest Annuities .
+ 762,291,505 + 23,230,273
+ 350,558
-65,500,832 +1,078,881,425 -15,505,113 +19,340,296 -16,364,464 \ -15,838,627
It thus appears that although the State's debt has increased by nearly 1,079,000,000 roubles (20 "5 per cent.), the yearly payments of interest and annuities were only increased by nearly 3,500,000 roubles (0.3 per cent, during the same time.
The conversion operations of the years 1889-96 are summed up as follows in Controller's report {Official Messenger, December 31, 1897) : —
—
Gold
Silver and Paper j
Loans converted :
6 per cent
5^ per cent. .... 5 per cent. ....
4^ per cent
Treasury bonds
Total .... Paper currency covered
Cost of conversion
To cover paper currency
Total cost
New loans concluded :
(4 p. c.) for nominal sum of
Taken from Imperial Treasury .
Roubles 50,000,000
773,283,420 121,507,438
Roubles
65,174,900 1 1,531,376,7/00 |
57,669,000
944,790,858
1,654,220,600
( = 3,071,406,888)1
148,061,277
1
106,301,507 265,301,277
129,307,625 \ 31,278,167 1
—
( = 717,989,967)
910,448,375 391,233,647
1,674,000,000 ' ( = 3,039,672,562)1 164,004,800 (=750,855,269)
1 1 rouble 50 copecks paper = 1 rouble gold ; 1 rouble paper = 1 rouble silver. The money in the Imperial Treasury for the last five years was : —
Year Jan. 1.
Gold
Paper and silver roubles
Total (paper
roubles at 66§ c.
in gold)
544,800,288 732,323,209 628,848,882 755,817,892 .562,678,265
Ready cash
1894 1895 1896 1897 1898
236,248,745 258,682,411 193,548,259 225,136,522
190,427,171 344,299,593 338,526,493 418,113,108
239,553,120 333,404,565 273,944,615 246,501,328 214,733,443
