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GREECE.

The loans contracted in this country by the Greek Government are as under :

£.
1824, 800,000, taken at 59 per cent.
1825, 2,000,000,

56)
1833, 2,343,750, guaranteed by England, France, and

Russia, in equal portions. The interest on the whole of these loans, which are in bonds, is 5 per cent. ; but no dividend has been paid upon the first since July, 1826; and upon the second since July, 1827. The interest upon the last is regularly paid on the 1st of March and 1st of September, and a certain portion of the bonds are annually redeemed by the sinking fund.

The following extract from the finance budget for 1836 is taken from the Morning Herald, of the 9th of March, 1837:

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INCOME.

Drachmas. Taxes on Cattle

6,300,000 Bees

1,600,000 Trade, Licenses, &c.

47,000 Houses

300,000 Produce of Customs

2,050,000 Tariffs

249,000 Stamps

148,580 The Mint

41,560 Royal Printing Office

EXPENDITURE.

Drachmas. Interest on Home Debt 2,801,399 Civil List

100,000 Council of State

230,820 Foreign Office

348,915 The Courts of Law

539,704 Home Office

2,170,560 Public Worship and Instruction

440,200 Finance Office

18,000 The Mines

82,145 Salt

300,000 Fisheries

122,000 Forests

158,623 Olive Grounds

350,000 Rice Grounds

4,330 Grapes and Raisins of Corinth 58,269 Gardens

93,000 Public Buildings

4,000
Shops and Workshops

102,500
Productive Capital (Interest) 80,000
Sales of National Property 210,000
Miscellaneous

2,000

404,919 The Army

4,000,000 The Navy

2,000,000 The Phalanx (extraordina

877,299 Pensions and Allowances to

Widows and Orphans 380,000
Armament of the Northern
Frontier

1,253,310

ry)

Total ordinary revenue
Extraordinary receipts

12,381,007
4,066,119

Total income

16,447,126

Total public expense

.. 16,447,126

The value of a Greek drachma is ninepence English, so that the amount of income

would be about £616,700, and the expenditure the same.

It is stated that the revenues of Greece are increasing, and that a project is on foot for the liquidation of the loans contracted in this country in the years 1824 and 1825.

GUADALAXARA.

In 1825 a loan of £600,000 was contracted at 60 per cent., in London, for Guadalaxara, a Mexican state ; it is now almost unknown upon the Stock Exchange.

GUATEMALA.

The loan for the republic of Guatemala, or Central America, was contracted in 1825, at 73 per cent. ; it was proposed that the sum raised should be £1,428,571 8s., but only about £167,000 of the bonds were taken.

Interest was to be paid at the rate of 6 per cent., but none has been received by the bondholders since the 1st of February, 1828.

The revenues of the republic are unequal to defray the expenses of government, an annual deficiency generally occurring of about 250,000 dollars. The income is derived from customs dues, averaging about 350,000 dollars annually, the tobacco monopoly yielding about 450,000 dollars, and some inconsiderable taxes : a very large portion of these receipts is absorbed by the expense of collection.

The expenditure of the state amounts to the sum of 850,000 dollars per annum, of which 650,000 dollars are expended on the army.

The domestic debt bearing interest amounts to about 2,500,000 dollars, and the outstanding claims upon the

treasury to about 1,000,000 dollars; a considerable sum is also due for arrears of interests, both upon

the domestic and foreign debt.

HOLLAND.

The public debt of Holland is stated to amount to about 1,680,000,000 florins, or £140,000,000,* a large proportion of which is 2} per cent. stock, and should not therefore be valued at the amount of nominal capital ; if this be taken into consideration, the amount of the debt will be much diminished. The division of the debt between the kingdoms of Holland and Belgium is not, I believe, yet settled between the two countries; the offer, on the part of Belgium, is, that two-thirds should be charged upon Holland, and one-third upon Belgium ; but the former power refuses to accede to these terms.

Since the Belgic revolution in 1830, the deficiency in the revenues of Holland has been annually increasing; the large army which has been kept up since that period, together with the charge of the entire debt of the Netherlands, has occasioned so considerable an increase in the expenditure of the state, that the receipts have been found insufficient to the extent of npwards of £3,000,000 annually ; to meet these deficiencies the government has been obliged to raise several loans, by which the public debt of Holland has been considerably augmented. The whole of these loans have been raised in Holland, except a small amount of 2 per cents. (6,000,000 guilders, or £500,000), which was contracted with Mr. N. M. Rothschild, in 1831, the dividends on which

* This was the amount of the public debt of the Netherlands, so that only a portion of it belongs properly to the kingdom of Holland, a part being chargeable upon Belgium.

are payable in London at par: the bonds are in £ sterling of £100 each. The business transacted in the Dutch funds, in the English market, is usually in that portion of the debt raised in Holland, which is issued in bonds, principally of 1000 florins each, and is negotiated here at the fixed exchange of 12 florins per £ sterling

The dividends on the 2 per cent. bonds are payable on the 1st of January and 1st of July, and on the 5 per cents. the 1st of April and 1st of October, at the current rate of exchange.

The dividends upon a part of the 5 per cent. loan, contracted in 1837, are payable in London, by Messrs. D. and I. Salomons, at the exchange of 12 guilders per £ sterling : the net amount of each half-yearly coupon being 24.75, the value in sterling is £2 1s. 3d. The dividends are paid the 1st of April and 1st of October.

Table of the cost of 1000 guilders in the Dutch Bonds, at the

undermentioned prices: the exchange 12 guilders per £ sterling.

Dutch 24 per Cents.

Dutch 5 per Cents.

45

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. . 44 13

.. 79

.. 39

.. 79

48

£. $. d.

£. $. d. 37 10 511

42 18 4 37 12 1

43 0 5 .. 37 14

2
.. 43 2

6 37 16 3

43 4 7 .. 37 18 4 52 43 6 8 38 05

43 8 9 38 2 6

43 10 10 38 4 7 .. 43 12 il 38 6 8

43 15 0 38 8 9

43 17 1 38 10 10

43 19 2 38 12 11

44 1 3 38 15 0 53

.. 44 3 4 38 17 1

44 5 5 38 19 2

44 7 6 39 1 3

44 9 7 39 3 4

44 11 8 39 5 5

9 7 6

.. 44 15 10 39 9 7

44 17 11 39 11 8 54 45 0 0 39 13 9

45 2 1 39 15 10 .. 45 4 2 39 17 11

45 6 3 40 0 0

45 8 4 40 2 1

45 10 5 40 4 2

45 12 6 40 6 3

.. 45 14

7 40 8 4 55 45 16 8 40 10 5

45 18 9 40 12 6

46 0 10 40 14 7

46 2 11 40 16 8

5 0 40 18 9

46 7 1 41 0 10

46 92 41 2 11

46 11 3 41 5 0 56 46 13 4 41 7 1

46 15 5 41 9 2

.. 46 17

6 41 11 3 .. 46 19 7 .. 41 13 4

£. s. d. 93 77 10 0 .. 77 12

1 .. 77 14 2 .. 77 16 3

77 18 4 78 0 5 78 2 6

78 4 7 94 .. 78 6 8

78 8 9

78 10 10 .. 78 12 11 .. 78 15 0

78 17 1 78 19 2

79 1 3 95 79 3

5 5

7 6 .. 79 9

7

£. 8. d. 99.1

82 18 4

05 .. 83 26

83 4 7 100 83 6 8

83 8 9

83 10 10 .. 83 12 11

83 15 0 83 17 1 83 19 2

81 1 3 101 84 3 4

84 5 5 81 7 6 84 97 84 11 8 84 13 9 84 15 10

84 17 11 102 85 0 0

.. 85 2 ] .. 85 4 2

85 6 3 85 8 4 85 10 5 85 126

85 14 7 103 85 168

85 18 9 86 0 10 86 2 11 86 50 86 7 1 86 92

86 11 3. 104 86 13 4

86 15 5 86 17

49

.. 46

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60

79 11

.. 47 1 8 41 15 5

.. 47

3 9 41 17 6

47 5 10 41 19 7

47 7 11 .. 42 1 8 57 .. 47 10 0 42 3 9

47 12 1 42 5 10

47 14 2 42 7 11

47 16 3 42 10 0

47 18 4 42 12 1

48 05 .. 42 14 2

48 2 6 42 16 3

48 4 7

8 .. 79 13 9

79 15 10
.. 79 17 11
96 80 0 0
.. 80 2 1

80 4 2
80 6 3
80 8 4
80 10 5
80 12 6

80 14
97 80 16 8
.. 60 18 9

81 0 10
81 2 11
81 5 0
81

7 1
81 9 2
.. 81 11

3
98
.. 81 13 4

81 15 5
.. 81 17

6 .. 81 19 7

1 8 82 3 9 82 5 10

82 7 11 99

.. 82 10 0

82 12 1

82 14 2 .. 82 16 3

7 87 1 8 87 3 9 87

5 10

87 7 11 105 87 10 0

87 12 1
87 14 2
87 16 3
87 18
88 0 5
88 2 6
88 47

.. 86 19

.. 82

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