560 
THE AMERICAN-SCANDINAVIAN REVIEW 
Denmark 
CJ The supplementary appropriations for the fiscal year 1921-22 occu¬ 
pied the Folketing during several long and occasionally heated debates 
in the early part of June after the Whitsun recess. The interesting 
feature of the discussion was the report by the premier, who himself 
holds the portfolio of minister of finance. While the report for the 
fiscal year that is just past contained some dark pages, all signs pointed 
to a brighter outlook for the period which is just begun. Premier 
Neergaard reminded the house that the deficit allowed for on the 
budget of 1921-22 was 124,000,000 kroner against that of 194,000,000 
kroner in the preceding year, but he was obliged to admit that the 
actual deficit would be larger than the estimated one and might be as 
much as 150,000,000 kroner. This regrettable state of affairs was 
occasioned chiefly by the failure of estimated income. Notably the 
State monopolies, railroads and post and telegraph departments, 
showed a deficit of 70,000,000 kroner—almost as large as that of the 
preceding year, which was 75,000,000 kroner. When it was taken into 
account, however, that the deficit was greatly increased hv the writing 
off of 16,000,000 kroner for depreciation in value, especially of the 
government coal supply, the difference between this year and the last 
was considerably more favorable. ^ On the side of expenditures 
should be taken into account the extraordinary expenses in connection 
with the adjustment of affairs in Slesvig, amounting to 15,000,000 
kroner. Other heavy expenditures were 54,000,000 kroner for the 
relief of unemployment and 34,000,000 kroner for housing relief and 
similar activities. As for the fiscal year 1922-23, the premier said that 
it was too early to commit the government to any definite statement, 
but the outlook was on the whole brighter. A series of economy meas¬ 
ures had been determined upon after thorough reports from investi¬ 
gating commissions, and it was hoped that these would result in a 
saving of 38,000,000 kroner. To this must be added a reduction ag¬ 
gregating 16,000,000 kroner in the extra compensation to meet the 
high cost of living which had been given government employees, and 
further reductions in the expenditures for unemployment relief, both 
direct and in the form of public works. C| There were no accounts 
available except for the month of April, hut this showed a reduction in 
expenditures of 11 and a half million kroner as against last year, with 
an increase in income amounting to 5 and three fourths million kroner, 
in other words a total gain of over 17 million kroner for the month. 
As for the amount of money in the treasury, it amounted in April to 
77,000,000 kroner as against 28,500,000 for the corresponding month 
last year. This statement effectually silenced all rumors that the State 
would find it necessary to take up another loan. The new Church 
Law has now been passed by the Rigsdag. 
