FINANCE
853
millions of francs. The ordinary expenditure was 22,827 million francs and the extraordinary expenditure to 5.498 millions, making a total of 27,826 million francs. The expenditure of the Special Rudget amounted to 10,539 millions.
The French National debt has grown from 28 - 5 millions sterling in to 50'9 millions in 1815, 2365 millions in 1848, 498 millions in 1,302 millions in 1912, (32,557,899,787 francs) ; 1,367 millions on July 31, 1914, (34,188,147,969 franrs) : 5,898 millions on January 1, 191t», (147,472,421,289 francs); and 9,538 millions on January I, 1920 (239,474 million francs).
On January 1, 1920, and on September 30, 1920, the debt of France stood as follows (in millions of francs) : —
January 1. 1920 Sept. SO, lvt©
Internal Debt: —
3 per cent. Rentes 5 per cent. Rentes
4 per cent. Rente*, 1917 4 per cent Rentes. 1918 Amortizable i p«r cent i Amortizable S per cent, rentes A mortizahle 3 J per cent National Defence Obligations Other Jeljts of the Ministry of Finance
Total of debt of Ministry of Finance Debts of other Mi:: -•
„ Total of nxed debts total of floating debt
Total Internal debt
2. External Debt :—
Fixed debt Floating debt
Total external debt
Grsnd Total .
Millions of Francs
19,745 25,165 12,944 30,257
3,040
914
Millions of Franca
1J.G71 29,227
I w
23 937 I,
VtS.693 5,043
1U -
mjm
121.305
38,478
202,561
S3 272
-'40,242
-■85 883
The Foreign Debt on September 30, 1920, was made up as follows :—
. tij-etl Debt.
Advanced by U.S.A. Treasury . :;,785,3O0,0O0 dollars
Anglo. French loan in U.S.A. . . 250,000,000
lx)anof the City of Paris in U.S.A.. 60,000,000 Loans of Bordeaux, Lyons and U .
in U.S.A. 45.000,00
Japanese lain ...... 100,000.000
American Loan secured by American Stuck 4uO.0O0.0o0 dollars
Total . ....
5,500
49,7% 2,500-6
