FKANOE. 



421 



ie estimated budget for the year 1864, 

 which was laid before the Legislative Body in 

 January, 1863, differs but little from the esti- 

 mates for 1863, save that the calculated sur- 

 plus is made to appear still larger. The fol- 

 lowing are the total sums of the budget of 

 1864, as rated by the Senate and the Legisla- 

 tive Body,t in the session of 1863 : 



The budget for the year 1865 was laid by 

 the Minister of Finance before the Legislative 

 Body on Dec. 3, 1863. Nearly the same esti- 

 mates of income, expenditures, and receipts were 

 made as in the budget of previous years ; but, 

 this time a large actual deficit was admitted. 

 The war expenses in Mexico were estimated at 

 210,000,000 francs; those in Cochin-China and 

 other parts of Asia, at 60,000,000 francs ; these, 

 added to the deficits of 1862-1863, made the 

 total deficit amount at 195,000,000 francs. This 

 sum added to former deficits swelled the total 

 to 972,000,000. To reduce this, the Minister 

 proposed a loan of 300,000,000 francs. 



The consolidated debt was in 1864 as fol- 

 lows: 



Rentes, 4} per cent 39,759,628 



Keutes, 4 per cent 478,081 



Rentes, 3 per cent 345,699,838 



Sinking Fund (Amortisgement) 118,022,945 



503,960,292 



The army, according to tlie budget of the 

 Ministry of War for 1864, was composed as 

 follows : 



In the year 1863, the army was on the peace 

 footing at home, but on the war footing in Italy, 

 China, and Mexico. 



The navy, in 1863, was, according to the 

 Gotha Almanac for 1864, as follows: 



Martin's Statesman's Yearbook for 1864, gives 

 the following exhibit of the French steam 

 navy, as composed in November, 1863 : 



* Special Commerce, in the column of Importations, designates the 

 merchandise destined for the exclusive connumption of France, and in 

 the columni of Exportation, the products of France herself. 



t The Legislative Body in France is distinct from the Senate. 



The sailing navy consisted, in November, 

 1863, of 



