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934

GERMANY

Finances of the postal and telegraphic and telephonic services in 1913 (in marks) : —

-

Reichspostgebiet

Bavaria

Wiirttemberg

Empire

Receipts Expenditure

833.314,597 1 743,622,352

80,713,143 64204 .900

31,977,952 22 939 392

946,005,692

Surplus .

89,692,245

16,418,144

9,038,560

115,14S,949

The following

are the telegraph statistics for the year 1913 :

Reichspostgebiet Bavaria . Wiirttemberg

Total in Empire

Telegraph Lines, miles

121,148

19,626

7,090

147.S64

Telegraph Wires, miles

402,889 59,469 12,143

474,501

Inland Telegrams

Foreign Telegrams

36,221,810

2,677,200

S37,320

16,299,480

1,048,570

458,430

39,736,420

17,806,480

In 1913 the urban telephone systems had 80,099 miles of line and 3,694,021 miles of wire; conversations, 2,073,757,950. The 10,105 inter- urban systems had 840,993 miles of wire ; conversations, 444,194,700.

Banking, Money, and Credit.

Money (in thousands of marks) coined and in circulation on the dates given : —

March 31

1916 1917 1918 1919

Gold

5,155,846-9 5,155,813-3 5,155,851-6 5,155,840-3

Silver

Nickel

1,265,883-8 1,270,394-4 1,184,889-2 1,159,099-2

114,364-8 108,047-3

107,911-7 100,352-9

Copper

24,907-8 25,106-2 25,104-9

25,104-3

Total

6,571,768-7' 6,586,426 -3'- 6,52S,077-3«  6,528,740-34

1 Including 10,765,578 marks' worth of iron coins.

2 Including 25,965,144 marks' worth of iron coins and 99,901 marks' worth of aluminium coins.

3 Including 41,661,075 marks' worth of iron coins, f.04,064 marks' worth of aluminium coins, and 12,154,65-2 murks' worth of zinc coins.

♦ Including 57,996,170 marks' Worth of iron coins, 29,239,962 marks' worth of zinc coins, and 507,251 marks' worth of aluminium coins.

The bank notes current in Germany are those of (1) the Imperial Bank (in denominations of 20, 50, 100 and 1,000 marks) ; (2) the Badische Bank (100 mark notes only) ; (3) the Bayerische Notenbank (100 mark notes only) ; (4) the Stichsische Bank (100 and 500 mark notes) ; and (5) Wiirttembergischo Notenbank (100 mark notes). The notes of the last four banks are termed ' private bank notes.' The notes of all five banks must be accepted at their full face value by each of the banks named. Since January 1, 1910, the notes of the Impeiial Bank are legal tender. On April 8, 1921, a law was passed, suspending until December 31, ]!*23, the provision of the Banking Law, under which, one-third of the note circulation of the Imperial Bank had£to be covered by specie, Treasury Notes, or Loan- Bank Certificates.

Imperial Treasury; Notes in denominations of 10 and 5 marks, which