eONblTiON OF EUROPE. 32^ 



unfunded, ;^i28,720,92i. Interest is only paid on a portion of 

 the Debt. 



Interest and National Debt, 



Annual amortisation of including 



Expenditure, Army and Navy, National Debt, Foreign Debt, 

 1890. 1890. 1890. 1890. 



;^ii,207,7i3. ;£i,664,293. ^4,061,940. ;^ii9,996,2os* 



^8,724,7i6t 



;£l28,720,92I. 



ROUMANIA. 



THE ARMY. 



The Military Forces of Roumania are divided into five classes — 

 the Standing Army, Territorial Army, Militia, and levy en masse, 

 with Reserves for each. In virtue of the laws of 1876, 1882, and 

 1883, personal military service is obligatory. All Roumanians 

 between the age of 21 and 46, are liable to serve 3 years in the 

 Standing Army, 4 years in its Cavalry Territorial, and 5 years in the 

 Infantry Territorial Army. Those who finish this period remain 

 in the Reserve until the age of 30, and thence into the Militia until 

 the age of 36, when they are liable to serve in the levy en masse. 



THE MILITARY EXPENDITURE. 



The Public Debt consists mainly of three foreign loans, contracted 

 in 1864, 1866, and 1868, which were devoted to the construction 

 of railways and bridges, and two loans in 1885, to cover deficits, 

 reduce Unfunded Debt and other purposes. 



Annual Interest of 



Expenditure, Army, National Debt, National Debt, 



1890. 1890. 1890. 1890. 



;^6,590,76o. ;^i,456,685. ^2,462,961. ;£'38."3.837- 



* Funded. t Unfunded. , 



