FINANCE
1065
The following table gives the budget estimates for 1899 : —
Source of Revenue
Francs
Branch of Expenditure
Francs
Real Property
652,364 i
Interest and Sinking
Capital invested .
2,055,210 '
Fund . . .
4,243,265
General administration
54,100
General administration
1,182,800
Departments : —
Departments : —
Political .
31,500
Political
657,900
Interior
5,700
Interior
12,695,501
Justice and Police
412,500
Justice and Police
453,200
Military-
2,692,950
Military
27,015,924
Financial : —
Financial : —
Finance .
220,000
Finance .
360,400
Customs .
47,000,000
Customs .
4,828,200
Commerce, Industry, \ and Agriculture . J
551,300
Commerce, Industry,
and Agriculture : —
Posts and Railways : —
Industry .
1,225,100
Railways .
234,400
Agriculture
2,850,075
Posts
32,499,000
Commerce
818,000
Telegraphs
9,484,000
Assay Office .
21,600
Miscellaneous
31,976
Posts and Railways : —
Railways
400,650
Posts
31,933,000
Telegraphs
9,484,000
Miscellaneous
40,385
Total .
95,925,000
Total .
98,210,000
The public debt of the Confederation amounted, on January 1, 1898, to 83,891,688 francs, mostly at 3| per cent. At the same date the 'Federal Fortune,' or State property, was : real property, 40,995,314 francs ; stock, &c., 39,881,994 francs ; works producing interest, 22,334,089 francs ; stores not pro- ducing interest, 19,675,900 francs ; various debts, 500,707 francs ; inventory, 82,422,214 francs; cash, 6,044,609 francs; total, 161,854,827 francs, the net Fortune being thus 77,693,140 francs.
Local Finance.
The various cantons of Switzerland have their own local administrations and their own budgets of revenue and expenditure. In 1890 their combined revenue was 79,152,000 francs, and expenditure 80,178,000 francs. The cantonal revenues are derived partly from direct taxes on income and property (on varying scales, and olten with progressive rates for the diflerent classes), and partly from indirect duties, stamps, &c. Several cantons have only indirect taxation ; and over the whole about 58 per cent, of the revenue is raised m this form. Most of them have public debts of inconsiderabe, amount, and abundantly covered, in eveiy instance, by cantonal propertly chiefly in land. In 1890 their combined debts amounted to 259,483,000
