ITALY. 



385 



January, 1873, to a nominal capital of 10,060,- 

 000,000 lire, divided as follows : 



1. Rentes, 5 percent 6,685,876,520 



2. Rentes, 8 per cent. 813,602,800 



8. Perpetual Rents of the Papal bee 71,000,000 



4. Special debts, 5 per cent 1,060,000.000 



" 4 per cent 26.578,000 



" " Spercent 807,000,000 



5. Miscellaneous debts 600,000,000 



Unpaid Interest 6,11)7,000 



6. Floating debt 



Bank notes in circulation, December 31, 



1872 267,519,809 



Conto corremcs 32,000,000 



Notes of National Bank which are legal 



tenders 790,000,000 



twenty-two years. The actual strength of the 

 army on March 31, 1873, was as follows : 



The navy consisted on January 1, 1872, of 

 the following classes of vessels : 



Total 10,060,000,000 



According to the new law, on the reorgani- 

 zation of the army, which was presented to 

 the Chambers on December 20, 1872, the lia- 

 bility to military service is made universal, 

 the exception formerly allowed being reduced 

 to an insignificant number. The annual con- 

 tingent will be 100,000 men, of whom from 

 75,000 to 80,000 will be taken for the first 

 class, whose term of service is three years (for 

 the cavalry five years). The remainder enter 

 the second class, into which the former enter 

 at the expiration of their active service. The 

 time of service in the second class is nineteen 

 years ; in the second and first class together 



The following table exhibits the area and 

 population of each province, the old historical 

 divisions of the country, and the number ot 

 circles, communes, and electoral colleges. 



VOL. mi. 25 A 



