FINANCE

98a

In the Budget statement the revenue and expenditure are distributed over four categories, summarised as follows : —

1912-13

1st Category (effective)

2nd Category

(Construction

of railways)

3rd Category

(Movement of

capital)

4th Category (Virements)

Total

Revenue Expenditure

Lii-e 2,333,859,848 2,295,301,926

Lire

43,900,000 43,900,000

Lire 208,161,393 230,897,828

Lire

60,073,429 60,073,429

Lire 2,645,994,671 2,680,172,684

Difference .

-1-88,557,922

—

-22,735,935

—

-M5,821,987

Public Debt.

Interest (including premiums) and sinking fund of the Public Debt 1911-12:—

Debts

Per Gent.

H 3

31

4

3 to H

3to5 3to6

Rentes, Inter- ests, &c.

Sinking Fund 1910-11

Lire

20,308,488

34

395

25,840

Tear of Extinc- tion

1 I. Consolidated debt 1 :

Rentes at3^pr. ct. (ex. 3^) >j 3 ,,

4

Lire 283,448,335 4,803,145 33,012,286 32,453,595"^

—

Total consolidated debt .

353,717,361

20,334,757

~

II. Permanent annuity due to) the Holy See . . /

3,225,000 7,024,231

—

■—

III. Debts separately inscribed :

281,274

11917- /1961

IV. Various debts

V. Rentes which should be in-) scribed in the Grand Livre/ VI. Floating debt :

Treasury ordinary bonds

(interest) Current accounts (interest) Bank advances ( ,, )

110,939,345

1,049,967

11915- /1970

—

56,276

—

4,000,000 1,500,000

—

—

Total public debt .

495,996,302

21,855,474

!

1 By-law of May 1, 1912, the interest on the 5 p.c. (gross) and 4 p.c. (net) consolidated debts is reduced from 3| p.c. (net) to 3^ p.c.

- Former consolidated 4^ per cent, preserved solely in favour of Public Charitable

Institutions.