AND COMMERCE WITH THE UNITED STATES; ALSO THEIR REVENUE, EXPENDITURE, INDEBTEDNESS, CURRENCY, INDEBTEDNESS, CURRENCY, ETC.--Continued. EXPLANATORY NOTES. 1 Exclusive of intercolonial commerce, but including gold and silver. 20 Default on the foreign debt. 21 From and on account of the consolidated fund. 22 Net. The gross debt amounted in 1902, June 30, to $366,358,477, of which $129,692,026 was not funded. Against the gross debt there were $94,529,387 of assets, $50,874,000 constituting the sinking fund. 23 Including arrears of interest amounting to £14,289,783. 24 Converted into securities of the Salvador Railway Company, in consideration of an annual subsidy of £24,000. 25 Exclusive of the total paper currency, 655,789,176 pesos in 1903. No attempt has been made to express this amount in terms of United States currency, the gold premium in that year reaching as high as 25,000 per cent. 20 Total gross debt, against which assets amounting to $27,962,901 were held by the Treasury. 27 Against which reserve funds amounting to $40,221.000 were held in the beginning of 1903. 28 Local budget only, exclusive of subsidies and other expenditures of the home government in the interests of the colony. 29 Includes 120,000,000 marks of treasury notes and 2,824,500 outstanding arrears of interest. 20 Exclu ive of transfers from the Imperial treasury, appearing in the budget of the Empire. 81 Exclusive of contributions to the Imperial treasury, appearing in the budget of the Empire. 82 Exclusive of subventions paid by the Imperial Government to the extent of $6,443,000. 83 Paper debt, including forced currency loan; value of the currency drachma taken as equivalent to 12.2 cents. 84 Largely in depreciated paper. 85 Of which $1,737,783 in paper. 30 Of this total, 1,161,913,83 rupees represent the permanent debt in India, and £130,307,090 the permanent debt in England. 37 Of this total, £4,000,000 represent India council bills, and 216,961,391 rupeesmiscellaneous obligations of the Indian government. 38 Includes the consolidated and redeemable debts. 30 Includes ordinary treasury bonds, notes of the State bank, advances of the banks of issue. 40 Against this total the treasury held bonds and securities valued at 166,039,000 lire, making the net debt $2,528,559,000. = 41 Including 1,591,416 yens of treasury notes. 42 Paper money. 13 Of which £1,116,686 were arrears of guarantee payments due to the Paraguayan Central Railway. Includes, besides the internal debt proper, 12,570,000 pesos of circulating notes. The value of the currency peso has been taken as equivalent to 10 cents. 45 There are besides outstanding, the debts due to Brazil, 9,876,500 pesos, and to Argentina, 12,393,600 pesos. 46 The foreign debt amounting, in 1890, to £31,579,080, exclusive of arrears of interest of £22,998,651, was assumed in that year by the Grace-Donahue Company on concession of the railways, and certain rights over guano deposits, mines, and lands in Peru for sixty-six years. 47 Of which £41,568,645 are reported to be in the hands of the Government. 49 Of which 3,049,522,636 was in gold rubles or in terms of foreign currency, and 3,579,723,450 rubles in terms of Russian currency. This total does not include about 550,000,000 rubles of credit notes in circulation, more than fully covered by the metallic reserve of the Bank of Russia. 49 Secured by customs duties and specially assigned revenues, the collection of which is controlled by the Santo Domingo Improvement Company, of New York. 50 Of which 9,664,484,956 pesetas were classed as "internal" debt. 51 Practically all contracted for the purpose of construction of railways. 52 Total liabilities of the Federation exclusive of the railway debt. 63 Mainly balance of the Russian war indemnity. 64 Represents the funded debt proper and the estimated capital liability in respect to terminable annuities. 55 Unfunded debt proper and total capital liabilities, contracted under various acts. 56 The item in the column "Funded debt" is the total interest-bearing debt of the United States. The item in the column "Floating debt" represents all the remaining indebtedness of the United States, less the cash and other immediately available resources in the Treasury. 57 External debt including arrears. 58 Internal debt including arrears. 58 On a paper basis. 59 The value of the monetary stock of silver standard countries has not been changed to conform to the decline in silver values. The monetary stock of Mexico and other countries where the Mexican dollar circulates is given in terms of Mexican dollars. Data furnished by the Director of the Mint. co Stocks of money in British South Africa and the Straits Settlements, with an estimated total population of 8,700,000. 61 Stock in banks according to the Economiste Français (January, 1902). 62 Amount of notes of the "Java Bank" outstanding on March 1, 1901. 63 Figures furnished by the Director of the Mint as per date June 30, 1903. Estimated on the basis of information contained in the Report of the Chief of the Bureau of Insular Affairs, War Department, for the year 1903. NOTE.-United States equivalents of the following monetary units: Argentina: Paper peso (1902)=44.41 cents. a Ports through which merchandise can be received for transportation to interior ports without appraisement, under act of June 10, 1880. Interior ports to which merchandise can be transported without appraisement, under act of June 10, 1880. 291 1,033, 951 2,297, 721 4 251, 228 103, 145, 623 616, 689 12, 618, 443 147,056, 230 2,549, 635 13,744, 544 381,551 1, 639, 302 7,284 975, 464 14,927 2.835 2,016, 289 1,000 251,228 101, 121, 087 631,616 12,621,278 149,072,519 36, 3C8 2,031 10,835 265, 148 963, 465 6, 133 1,665,062 2,549, 635 13, 745, 544 381,551 1,639, 302 7,284 537, 535 1,737 82,563 38, 378, 060 282, 010, 529 3,010, 515 285, 021, 044 851, 917 2,636, 397 |