THE BltlTISH EMfIRE: — UNITEP KINGDOM
1 Debt in 1857
Decrease since the Crimean War .
' Pebt oil March 31, 1898 , ,
£ 837,144,597 202,708,893
£ 28,898,651 3,898,651
The following statement shows the total amount of the Gross Liabilities and the Assets of the State on March 31, 1898.
Funded Debt _ .
Estimated Capital of Tenuinable Annuities Unfunded Debt . . , . ,
Other Capital Liabilities :
Russian Dutch Loan Aot, 1891 Iroperial Defence Act, 1888 . Barracks Act, 1890 Telegraph Act, 1892 XJganda Railway Act, 1896
Total Gfoss Liabilities Assets : Suez Canal Shares, market value Qthpr Assets
346,554 277,756 2,134,385 926,206 145,877
Exchequer Balances at the Banks of England and Iceland ........
The whole of the debt is about 62,000,000/. less than the gross annual value of property and profits assessed to income tax, and 107,000,000/. less than the total value of British imports and pxports for 1897. It is about 15/. 17s. 6d. per head of the present pqpulation, and the annual charge is 125. 5d. per head. The national wealth, public and private, of the United Kingdom was pst-i^nated by Sir R. Giffen in 1885 at 10,037,436,000/.
IV. Local Taxation.
The total amount raised for local expenditure was as follows in the three divisions of the United Kingdom in 1895-96, the last year for which accounts are published :—