CONDITION OF EUROPE. 



317 



Estimates, is attributable to the amounts involved by the wars in 

 Afghanistan, South Africa, Egypt, the Soudan, and other extensive 

 military preparations. 



Annual Expenditure, 

 i8go. 



;^86,o83,3i4. 



Interest on National Debt, 

 1890. 

 ;^I3>836,46S. Interest. 

 Terminable 

 Annuities. 



6,555,596- I 

 942,363- 



Management 



and Unfunded 



Debt. 



Army and Navy, 

 1890. 



;^l 7,7 1 7,800. Army. 



14,557,856- Navy. 



;^32,275,656. 



National Debt, 

 1890. 

 ;^585!959,852- Funded. 

 32,252,305. Unfunded. 



_ _ oc f Terminable 

 71,731,869. I Annuities. 



;^689, 944,026. 



;^24,334,424. 



Note. The sum of ;^io, 929,949 re- 

 presents the following amounts, 

 applied for remunerative purposes, 

 and returnable to the Treasury : — 



Sardinian Loan £^^SA^^ 



Cape Railway 400,000 



Bullion 365,000 



Suez Canal Shares 3,532,040 



Australian Colonies Loan... 298,537 



Red Sea Telegraph Loan... 268,914 



Balances at Banks of Eng- ) .-„„„,, /-, „„ 



land and Ireland .... . | 5,220,914 ;^679,733,889. 



;^io,929,949 



719,812. 



^^690,663,838. 

 10,929,949. 



Savings Bank 



Deficit, and 



other obligations. 



Net total of 



National Debt, 



31st March, 1890. 



GREECE. 



THE ARMY AND NAVY. 



The Army of Greece, by the law of 21st June, 1882, is based on 

 the principle of universal liability to arms on all able-bodied men. 

 The term of service is 19 years, which is sub-divided as follows: 

 3 years of active service, 6 years in the Reserves, and 10 years in 

 the Landwehr. In addition to the Standing Army and Reserves, 

 there is a Territorial Army of 146,000 men liable to be called to 

 arms. The Navy is manned by conscription and enlistment, and 

 the term of service is 2 years. 



z* 



