Tt will be seen that Kameneff, or Rosenfeldt, confirms Rykoft i statement" that the deficit will be G.R.400,000,000. His own figures fare, however, in contradiction of this statement and indicate that the deficit will be very much greater. He says that the budget for the year is 1.780 million roubles but tle later he says that the 1924 budget is 2000 millions. 'The average of expenses in February, March and April, according to his figures, was 151.66 millions. He suggests no means of reducing this except through a reduction of clerks' sala. ries in the month of April. While looking forward to this temporary reduction, he still estimates the April expenses at 151 millions. Working on the average of the three months given, the annual expenses would be approximately 1,820 million gold roubles. Local Russians explain that the account for the expenses of the gold budget in East Siberia and Transcaucasus ald Spi cee nate rotnbadr Mate ntti a cog ca teediat
pty lb end for sora i ernie Beet a ora ah eat covers the discrepancy between the: 1,750 million budget and the 2,000 illfion budget in Kameneff's text. In other words to show a clean slate, Kameneff has to add another 250 million gold roubles to his budget and therefore to his deficit. This brings the deficit up to something like 720 millions. To cover this he proposes to make several questionable levies to the tune of 200 million roubles. He wi paper for another 200 millions, but this is only another form of contracting a debt, so the real shortage is presumably' something like 520 roubles.
"Save or et rx alt REA th Benet Margy ice was 39 min Tt may be only a coincidence, but it is interesting to note that the Loan for domestic use which the Soviet agents in London are trying'
Text read from the printed page and cleaned; old type leaves the occasional error.