314 THE MILITARY AND FINANCIAL 



account, which up to September, 1873, amounted to ^^220,000,000, 

 including the tribute from the City of Paris, and other French 

 Departments. That amount was duly apportioned amongst the 26 

 German States. 



The German Empire, as such, prior to the Franco-German War, 

 had no Public Debt at the time of its establishment in 1871, but it 

 has been created in recent years, to meet the military exigences of 

 the empire, which, however, are not large. As a set-off against 

 this debt, there exists a variety of invested funds amounting to 

 ;^3o,404,688, created out of the French war indemnity, to be 

 applied as the necessity arises, for military hospitals, the construction 

 of the "palais du parlement," and fortresses, and which can be 

 drawn on in case of a foreign war or invasion. 



Annual Army and Interest of 



Expenditure, Navy, National Debt, National Debt, 



1890. 1890. i8go. 1890. 



^56,532,294 ;^22,768,479* ;^26,93o,25o. ^^48,875,100! 



CoS ^^16.131,175 ^^6,907,2851 ;^i2,85o,35°§ 



butions. -^^^^—^-^ ■ ■ ^— ' 



;^40,40i,ii9. ^39,675,764. ;^6i,725,4So. 



THE NATIONAL DEBT AND ANNUAL INTEREST OF THE STATES 

 OF GERMANY. 



The amount of annual expenditure for each of the States of 

 Germany includes the Federal Contributions to the Imperial 

 expenditure. The expenditure for the army and navy is not 

 included, but appears in the Budget of the Empire. 



The Public Debts of the States of the German Empire were 

 principally incurred in the construction of State railways, tele- 

 graphs, canals, and works of public utility. A large proportion, 

 however, of the Public Debts — for instance, Bavaria, Wiirtemburg, 

 Saxony, and Baden — represents an extraordinary military expendi- 

 ture involved in the wars with Prussia, France, and Austria. 

 Some of these debts are divided into " passive " and " I'active," 

 and in some instances, such as State Domains, no interest is paid. 

 The following figures include both " passive et I'active," with or 

 without interest : — 



* Ordinary. f Extraordinary. { Funded. § Unfunded. 



