3l6 THE MILITARY AND FINANCIAL 



have the privilege of remaining in active service for 21 years, which 

 gives them the right of a pension for life. In addition to the 

 Standing Army and its Reserves, there are the following Auxiliary 

 Forces: the Militia, the Yeomanry, the Volunteers, and the 

 enrolled Pensioners. 



, The ^following figures include the Home (both Regular and 

 Auxiliary) and Colonial Forces, but they do not include the military 

 police force in Ireland of 13,000 men, nor the military poUce force 

 in India of 190,000; neither the Militia, nor Volunteers in the 

 British Colonies : — 



373- 



THE MILITARY AND NAVAL EXPENDITURE. 



The largest branch of National expenditure is that for the interest 

 and management of the National Debt, which, since 1 784, has more 

 than trebled, in consequence of the wars of the last 100 years. 



The Debt in 1689 stood at ;^664,236, and at the conclusion ot 

 the American War, in 1784, it stood at ;^?43,o63,i4S. The 20 

 years' warfare with France, 1792 to 1815, increased it to 

 _;£86i,o39,o49, since which, by means of a Sinking Fund and 

 Terminable Annuities, it has been reduced to date, 31st March, 

 1891, to ;^s8s, 959,852, notwithstanding the following additions : 

 Slave Compensation, ;^20,ooo,ooo ; Irish Famine, ;^8, 000,000 ; 

 Crimean War, ;^39.o26,i73. The Amount of ;^585>959.8S2 

 represents the Consolidated Debt. The Unconsolidated Debt 

 includes the sum of ;^7i,73i,869 of Terminable Annuities, and of 

 various Treasury and Exchequer Bills and Bonds, created to meet 

 certain military expeditions, amounting to ;^32,2S2,oo5. These 

 sums, added to the Consolidated Debt, make the sum total of the 

 nation's liabilities — in other words the National Debt — to 

 _;^689,944,026. The large increase in the Army and Navy 



