752 



TURKEY. 



3. Divers receipts from salines, domains, forests, 



mines, telegraphs, postal administration, etc.. 413,516 



4. Tributes: 



Egypt 150,000 



Koumania 8,000 



Servia 4,600 



Samos 800 



Mount Athos 144 



Total tributes 168,544 



Total ordinary revenue 4,776,583 



EXPENDITURES. 



1. Publicdebt 2,973,849 



2. Dotations : 



Civil list 267,551 



Yakut's (religious establishments) 7,000 



Pensions and presents 124,133 



Total dotations 898,684 



8. Restitutions 1,400 



4. Ministry of Foreign Affairs Sii.OOO 



5. " " Justice 95,794 



6. " " Finance 888,771 



7. " " the Interior 586,755 



8. " " War 780,582 



9. Direction of the Artillery 160.000 



10. Ministry of the Navy 160,000 



11. " " Commerce 5,348 



Sanitary Administration 17,078 



12. Ministry of Public Instruction 25.411 



18. Public works 157,147 



Total expenditures 5,785,819 



Deficit 1,009,231 



If the floating debt, the expenses of war, 

 and the payments due to the soldiers and 

 others, are added to the deficit, it swells to 

 twenty-two million Turkish pounds ($94,200,- 

 000). 



During the year 1874 the floating debt very 

 largely increased, but the promise was made 



that it would be entirely consolidated. A de- 



cree of September 20, 1874, authorized the 

 Minister of Finance to enter a new foreign 

 debt to the amount of 825,000,000 francs, with 

 five per cent, interest, into the Great Book. 

 Of this amount, 397,000,000 francs, at an issue- 

 price of 43 per cent., with back interest from 

 June 13, 1874 (therefore real issue-price = 42f 

 per cent.), were issued in September, 1874. A 

 financial report from Constantinople, dated 

 May 10, 1875, estimates the entire debt of the 

 Turkish Empire at 5,023,860,500 francs. In 

 October, 1875, the Sublime Porte decreed that 

 during five years, from January 1, 1876, the 

 interest of the public debt be paid half in cash 

 and half in five per cent, bonds. So much of 

 the principal as would fall due during the same 

 period should be paid in like manner. For 

 this purpose a law of October 20, 1875, author- 

 ized the Minister of Finance to issue, in the 

 course of the next five years, five per cent, 

 gold bonds to the total amount of 35,000,000, 

 or 875,000,000 francs, in series of 7,000,000 

 each. 



The public liabilities of Turkey are officially 

 divided into foreign or hypothecated debts, 

 secured on special sources of revenue, and in- 

 ternal debts, known under a variety of names, 

 issued at Constantinople alone, and therefore 

 dependent only on a compact between the 

 Porte and its subjects, and secured on the 

 general credit and resources of the empire. 

 The following table exhibits the foreign debts 

 contracted from 1854 to 1874 (value expressed 

 in francs: 1 franc = $0.193): 



Rate 

 Interest 



Issue- 

 Price 

 per cent. 



NOMINAL 

 CAPITAL. 



Francs. 



KEAI. 

 AMOUNT. 



Francs. 



Interest. 



Amortization. 



Amount at the be- 

 ginning of 1874. 



1854. 

 1855. 

 185S. 

 I860. 

 1862. 

 1863. 

 1864. 

 1865. 

 1865. 

 1868. 

 1869. 

 1870. 

 1871. 

 1S72. 

 1873. 



80 

 102 

 76 

 53 

 68 

 72 

 68 

 50 

 66 



as 



54 



45 



68 



75,000.000 

 125,000,000 

 125.000,000 



50,900,000 

 200,000,000 

 150,000,000 



50,000,000 

 909,100,000 

 150,000.000 

 150,000.000 

 555,600,000 

 792,000,000 

 142,500,000 

 278,200,000 

 694,400,000 



60,000,000 

 128,800,000 



95,000,000 



27,400 000 

 136,000,000 

 108,000,000 ) 



84,000,000 \ 

 454.500,000 



99,000,000 

 124,600,000 

 300,000,000 

 356,400,000 



96,900,000 

 274.000,000 

 406,300,000 



8,110,000 

 4,000.000 

 5,755,000 

 2,616,1100 

 8,220,000 

 8,450,000 



44,100,000 

 6,707,500 



81,775,666 

 23,694,000 

 8,378,750 

 25,034,000 

 41,111,740 



2,140,000 

 2,250,000 

 2,995,000 

 1,000,000 

 7,780,000 



7,550,000 



'5,9'62',506 



'7,881,566 



9,140,000 



801,250 



'6,944,566 



51,822,500 



100,000,000 



95,907,500 



42,900,000 



188,980,000 



143,242,500 



882,000,000 

 113,137,250 



KJ6,968,666 

 789,800,000 

 139,264,500 

 278,155,000 

 694,444,500 



2,700,400,000 



212,946,990 



53,950,750 



4.000,571,750 

 334,665,441 



Total... 4,335,287,191 



Total 4,447,700,000 



Floating debt on January 28, 1874 



On July 27, 1876, the Turkish Government 

 published a decree for the issue of paper- 

 money. The first issue in notes of five, ten, 

 fifty, and one hundred piasters, was fixed at 

 3,000,000 Turkish pounds (1 Turkish pound 

 = $4.39), but it was reported that more than 

 twice the amount had been already issued at 

 the end of November, 1876. 



The Turkish Empire, exclusive of the vassal 

 states and dependencies, has 429 post-offices. 

 Besides, Germany, Austria, France, England, 



Eussia, Greece, and Egypt, support post-office* 

 in Constantinople. 



The Turkish Army is composed of the regu- 

 lar, irregular, and auxiliary troops. According 

 to a law of June 22, 1869, and later decrees, 

 the reorganization of the army is to be com- 

 pleted in 1878. It is to consist of 720,000 men, 

 divided into the active army (about 220,000 

 men), the first reserve (80,000 men), the second 

 reserve, and the sedentary army (correspond- 

 ing to the German Landsturm). In this case 





