45 8

TURKEY.

Branches of Expenditure

1864

1865

Ordinary expenditure: —

External debt ......

Internal debt ......

Dotation to Mecca .....

Pensions .......

Supreme council of justice ....

Civil list .......

Ministry of war ......

Direction of artillery

Ministry of marine .....

„ of justice .....

., of the vakouf or Church domains .

,, of the interior ....

,, of foreign affairs ....

„ of commerce and agriculture

„ of instruction and public works

., of police .

,, of finance .....

£

1,582,065

2,071,680

333,522

306,990

61,790

1,084,419

3,725,059

171,000

946,607

94,023

181.180

1,585,066

118,026

17 955

42,435

148,271

586,953

£

2,061,216

2,222,579

337,401

532,687

75,568

1,085,400

2,956,725

600,057

918,929

94,252

177,547

1,657,057

118,687

21,532

56,646

146,304

613,620

Total ordinary expenditure .

Extraordinary expenditure :— Accounts current with bankers . Syrian bonds ......

Repayment of advance on taxes . Circassian immigrants . . . .

13,057,082

280,940 22,500

13,676,226 1

158,562 263,520 102,217 225,000

Total expenditure

13,360,522

14,425,525

The budget estimates of the years 18C6-70 uniformly set down the annual revenue at about 14,500,000/., and the exDenditure at slightly- less; but it was at the same time acknowledged in the financial statements that for years past there had been large annual deficits. These deficits of the decennial period 1859— (38 amounted to the following sums, according to reports made by the Grand Vizier: —

£

The actual revenue for the year 1859-60 was, in round numbers 9,711,000 „ expenditure „ „ „ „ 11.088,000

Deficit for 1859-60 was, in round numbers .... 1,377,000

1860-61 „ „ „ .... 1,574,536

1861-62 „ ., „ .... 1,700,000

1862-65 „ „ „ .... 3,500,000

Probable deficits for 1865-68 4,000.000

Total 14,848,536

The excess of expenditure over income, dating from the year L850, lias given rise to a very large public debt. The liabilities

of the Ottoman Empire are divided into two categories — the External