M

1903.

mean

Estimated (A
Receipts. Monthly 200,833.33 441,666.66

November

December

Salt. Petroleum. Matches.

GROSS RECEIPTS.

Playing Cigarette
Cards. Paper.

Tobacco.

Annual 2,410,000.00 5,300,000.00 1,000,000.00 290,000.00 2,700,000.00 6,600,000.00 10,000,000.00 10,700,000.00 39,000,000.00 395,875.00

83,333.33 24,166.66 225,000.00 550,000.00 833,333-33 891,666.67 3,250,000.00 32,989.55

Stamps
and
Stamped
Paper.

Piræus
Customs.

Total in
Drachmæ.

Naxos
Emery
in Gold

Francs.

241,517.55 430,710.00

957,110.00 1,442,500.00 4,009,531.05 42,600.00 3,780,608.47 42,458.00
846,915.00 1,474,500.00 4.226,513.00 38,340.00 4,016,065.51 38,212.20
821,845.00 1,512,500.00 3.985,736.95 37,275.00 3,748,206.80 37,150.75
746,671.00 1,695,500.00 4,516,152.55 39,405.00 4,211,337.72 39,273.65
844,106.00 1,918,000.00 4,633,302.20 38.340.00 4,348,574.23 38 212.20
656,250.00 1,589,000.00 4,467,058.30 35,487.07 4,161,475.74 35,368.78
266,320.00 1,437,000.00 3,419,428.70 56,445.00 3,099,084.27 56,256.85

209,997.25 667,920.00 111,674.30 31,681.30 536,970.00 1,251,313.75 2,697,578.00 1,378,600.00 6,885,734.60 26,625.00 6,665,370.25 26,536.25
169,776.45 552,825.00 106,488.45 21,206.70 195,212.40 551,870.00 940,979.00 1,611,500.co 4,149,858.00 106,500.0 3,845, 367.88 106,145.00
202,602.50 538,815.00 118,332.85 25,109.10 176,560.80 523,220.90 780,244,00 1,809,500.00 4,174,385.15 99,215.93 3,875,230.96 98,885.22
214,092.05 460,440.co 126,717.35 19,727.80 222,616.80 490,317.50 669,475.00 1,514,501.00 3,717,887.50
3,525, 107.55
139,410.50 18,825. 10 355,908.00 638,253.75 1,189,593.00 1,691,000.00 4,705,217.90 74,656.50 4,237,273.80 74,407.65
219,460.30 370,560.00 132,620.65 18,044.80 209,122.80 660,112.50
224,112.85 370,530.00 146,079.85 17,816.30 316,434.00 830,125.00
221,665.50 411,495.00 145,906.45 17,629.00 185,376.00 669,320.00
269.793.35 561,330.00 155,011.40 23,732.50 331,936.80 732,177.50
297,038.20 765,945.oc 154,723.20 37,442.00 144,652.80 471,395.00
330.968.40 821,700.00 140,901.70 45 164.40 312,208.80 570,865.00
281,091.45 831,285.00 137,666.45 78,795.40 93,488.80 293,781.60

Total 2,882,115.85 6,783,555.00 1,615,533.15 355,174.40 3,080,488.00 7,682,752.50 11,417,086.00 19,074, 11.00 52,890,805.90 594,889.50 49,513,703.18 592,906.55

..

Actual Receipts
Commission's

mate..

The following figures are interesting as showing the total of the Ordinary Receipts and Expenditure during the five years 1899-1903 as compared with the Estimates framed by the original Commission in 1898 :

REVENUE AND EXPENDITURE.

Esti

Drachmæ. Drachmæ. Drachmæ. Drachmæ. Drachmæ 109,777,622 109,043,888 112,696,138 112,279.892 116,244,867 89,639,640 92,598,780 95,557,920 98,517,060 100, 266.500

20,137,982 16,445,108 17,138,218 13,762,832 15,978.367

EXPENDITURE.

1903 (Pudget Estimates.)

1900

1901

1902

1903 1899 (Definitive). (Provisional) (Provisional) (Provisional) Estimates). (Budget

Drachmæ. Drachmæ. Drachmæ. Drachmæ. Drachmæ.

74,902,502 75,898,791 80.401,915 87,392,137 80.772,237 €3,551,000 63.851,000 64,151,000 64,451,000 64.751,000

11,351,502 12,047,791

16,250,915 22,940,137 16,021,237

With regard to the above Tables, it should be noted that, in the Statement of Revenue, profit on exchange is not taken into account; that is to say, receipts in gold francs are counted as the same number of drachmæ. This procedure is adopted because the profit on exchange is excluded from the original Commission's estimate of future Revenue, and if it were included in the Statement of actual Revenue here given an unfair comparison would result. On the other hand, any loss on exchange is included in the Statement of actual Expenditure and in the Commission's estimate of Expenditure for future years. In these circumstances the Tables are, of course, not entirely satisfactory; but as their object is a comparison, not of Revenue with Expenditure, but of actual Revenue and Expenditure with the Commission's estimates, the lesser evil has been chosen, and the Tables serve, at any rate, to show that the results attained have been much more favourable than was anticipated by the original Commission.

The following statistical information relating to Revenue and Expenditure, Imports and Exports and the rate of Exchange is partly taken from a valuable Report to the Foreign Office (published in March last), by Mr. H. P. Harvey, C.B., and partly furnished direct to the Council through his kindness.

VIII. SUNDRIES

Payments on Account of former financial years and Miscellaneous

IX. LIGHTHOUSE DUES

X. INTERNATIONAL TELEGRAPHS..

XI. PRIMARY EDUCATION

XII SHARE OF COMMUNES IN
CATTLE TAX

XIV. LOANS

1898, 5% Unified

1898, 24% Guaranteed

XIII. EXTRAORDINARY REVENUE-
Sale of Material

Profit on Exchange on Ordinary

Revenue

Profit on Exchange on Extra-
ordinary Revenue..
Deposits with Messrs. Hambro
(Funding Loan)

Profit on Exchange on these
Deposits

Interest on produce of Greek
Railways Loan 1902, 4 per cent.

Greek Railways Loan 1902, 4%
Pyrgos-Meligala Loan 1900, 4%

Total Extraordinary Revenue..

Grand Total ..

1901.

1902.

Ordinary Ordinary
Actual Actual
Receipts. Receipts.
(Provisional) (Provisional)

3,209,015

415,403

957,243

84,687

Drachmae. Drachmæ. Drachmæ. Drachmæ. 105,882,612 105,159,113 108,345,378 112,447,974

50,905.781

Reduction of the Forced Currency (a)2,000,000

Sum borrowed from the National

Bank of Greece (Stefanowitch
Estate)

1,300,278 1,355,064 1,300,000 1,355,000 511,161 1,002,492 1,080,243 1,811,439 2.357,556 2,408,128 2,435,243

1,108,128

335.731

335,477

340,000

386,885

Total Ordinary Revenue.. 112,696,138 112,279,892 116,244,867 120,262, 102

111,654

1,903,868

54,921,304

1903.

95,142

2,069,446

38,950

24,651

310,810

2,940,539 4,170,361 3,807,000

439.829

460,000

982,816

430,000

64,558

104,486

2,000,000

Budget Budget Estimate of Estimate of Receipts. Receipts.

3,777,306 17.600,000

12,923

26,033,716

90,000

1904.

109.750

1,585,425

95-370

38,950

120,000

::

2,000,000

3 949,495

460,000

640,000

85,000

167,617,443 138,313,608 120,194,362 121,186,246

NOTE.-(a) The produce of the Forced Currency Loan of 1885 not having been included at the time in the Receipts, the Government purport to rectify this omission by including in the Budget of each year a sum of 2,000,000 dr., representing the annual amortisation of the forced currency.

*See Footnote under Expenditure, 1902, on the following page.