The Archive · 1875

Turkey and China

Tue financial condition of Turkey, which seems drifting rapidly into bank. rupted, has been attracting much atten tion at home; and much discussion has arisen on the resources of the country, and the chances of its winning through its dificalties, Turkey bns, in twenty-one years, accumulated anationtl debt of nearly £150,000,000, which imposes a charge of £15,000,000 o her revenue. And as the revenue yields only £22,000,000 annually, it follons that she has only £7,000,000 to meet all the requirements of her public ser vice—the Army, Navy, Civil List, and enormous personal expenditure of the Sultan, Itsays much for the economy of the Administration that this sum only falls short by four or five millions unally, of the requirements; but there exists a fixed deficit of that amount and it is only by fresh loans, which barrass it every year more hopelessly that the Government can pay the anvat! interest. Tt is natural that, in face of these facts, people should be asking how long can this go on; how log will further loans be forthcoming, stave off the collapse which is inevitsble without such a radical change the system of Government 98 permit an increase in the rovenve bY developing the great internal ani of the empire? The disclosure altrag® great attention in England, both account of our political and finan

Text read from the printed page and cleaned; old type leaves the occasional error.

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