402

SPAIN.

external internal

Description of Debt Debt, redeemable, of the 1st class 2nd „ 2nd „ „ perpetual, at 4%, internal

5°/ „ » 5%> external

Bonds, not consolidated .... Debt, provisional ..... „ floating, 5% (paper) „ without interest . . ,, passive, external . . . •

„ share of the civil corporations in tithes Bonds in favour of the clergy . interests on those capitals Provisional documents for the interests of the floatin External old debt, at 5% ...

„ perpetual, at 3%, of 1831 . „ deferred, without interests, of 1S31 , ,, premium, of 1834

Shares of the national loan of 1821 . Bills, of the first loan, Laffitte . Shares, of the public roads loan

,, railways „

Treasury bonds, to the bearer, for railways Shares, of public works .... Bills on the treasury for materials . for individuals .

debt

Amount in EefiJes

232,900,484

613,120,000

237.170,1)00

20,379,565

82,454,605

7,476,000

30,753,121

28,898,517

378,103,186

154,546,069

13,760,000

52,955,003

11,939,143

958,857

88,613.297

76,120,000

1,282,133

84,958,000

19,764,000

3,564,000

2,212,760

187,639,000

315.01 '0

307,338,000

70,512,000

14,109,946

483,835,530

Total

fEeales 16,397,747,225 1 £ 163,977,472

The 3 per Cents, were created by the Convention of the 17 th February, 1834, for the settlement of American claims. The 3 per Cent. Consols, interior and exterior, comprise, first, liabilities issued in conformity with a decree of the 21st January, 1841, which authorised the capitalisation into 3 per cent, stock of the interest payable on the consolidated debt at 4 and 5 per cent., in- terior and exterior, due, but not then liquidated ; secondly, the conversion of bills on the Treasury by contract ; thirdly, the con- version of Treasury bonds of the colonies, approved by law of the 14th February, 1845; fourthly, interest upon the capital held by the layholders of tithes, guaranteed by law of 2nd September, 1841, and 20th March, 1846 ; fifthly, capital created for the amorti- sation of the 60,000,000 reals, or G00,000L, English claims at 5 per cent., recognised by the Convention of the 28th October, 1828, and for the conversion of the deferred consolidated debt, acknowledged by law, 1st of October, 1852 ; and, lastly, the issue made under the laws of the 23rd February, 1855, and 31st May and 17th December, 185G. In 1851, on account of the inability of the Government to meet

its en'nio-ements in full, a portion of the debt of Spain was converted