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Annexe," but the matter is being continuously pressed on their attention by the representative of the English Bondholders on the Debt Council.

If the matter remains in abeyance it will be necessary to communicate with the Syndicates in other countries, in order to bring further pressure to bear to oblige the Porte to carry out this engagement.

GENERAL RECEIPTS.

The following is a Statement of the gross Receipts at
the Central Office of the Administration of the Ottoman
Public Debt, for the year ending the 13th March, 1904-
Ceded Revenues-Salt, Spirits, Stamps, Fisheries,
Silk, and arrears of Tobacco

Tobacco Tithe
Revenue of the Tobacco Administration, Repay-
ment of Advances, etc. (Régie Company)
Sundry Receipts

Tribute of Eastern Roumelia
Bills on Customs, Cyprus...
Tumbéki

99

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£T.1,295,935.14
246,600. 19

DD

808,584.73

1,773.37 114,019.96 102,596.00 50,000.00

£T. 2,619.509.39

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AMORTISATION OF THE UNIFIED CONVERTED DEBT.

The total sum available for Ordinary Amortisation in respect of the half-year ending March, 1904, was £T.75,470.20—viz., a moiety of the annuity of 0.45 per cent., £T.73,662.24, and £T.1,807.96, interest on Bonds redeemed. Of this, £T.72,239.54 was applied to the purchase of Bonds to the nominal amount of £T.90,398, and the balance of £T.3,230,66 was carried forward.

As regards Extraordinary Amortisation, the amount applicable from the surplus Receipts of the above-mentioned half-year was only £T.77.68, and it was, therefore, carried forward.

LOTTERY Bonds.

The following Table shows the nominal capital and cost of the Lottery Bonds redeemed since 1882. It will be remembered that in virtue of the Décret-Annexe an annuity of £T.270,000 is now applied to the redemption of these Bonds :

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Nominal Capital Redeemed.

By Drawings.

£T.

42,873

59,162

22,617

42,080

42,080

55,452

26,188

26,188

27,379

28,569

28,569

29,759

30,949

32,140

32,140

33,331

34,521

35,711

36,902

38,092

38,092

40,472

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£T.

1,474,921

†3,923,118

* The purchases were discontinued in 1893-4, when there appeared a probability that the scheme of the Austro-Hungarian Syndicate would be adopted. They were resumed in 1895-6, the Imperial sanction to that scheme not having been obtained.

+ Including premiums.

March
April

May

June

July
August

TOBACCO RÉGIE.

The following Table shows the Receipts of the Tobacco Régie during the twelve months of the last financial year, as compared with the corresponding months of 1902-1903.

September
October...

November

December
January...
February

Months.

Total

:

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1902-1903.
Receipts.

£T.

169,321
171,969

186,676

184,691

194,663

195,388

184,971

187,245

Total ..

176,203

166,909

Fixed Royalty
Less deduction on account of Egyptian Reftieh..

1903-1904. Difference.

Receipts.

173,493
169,688

£T. 2,161,217 2,271,242 +110,025

The amount accruing to the Public Debt out of the Régie Receipts during the year was as follows:

Share of Duties on Export of Tobacco to Egypt
Share in Profits...

£T. £T. 186,223 + 16,902 193,766 + 21,797 208,330 + 21,654 203,373 + 18,682 207,533 + 12,870 200,179

193.151

191,244

166,879

176,021

173,697

204

170,846 + 1,158

£T.750,000
50,000

...

+++

4,791

8,180

:

3,999

9,324

9,112

£T. 700,000

2,985 72,861

£T.775,846

The following Table (in which fractional amounts are omitted) has been compiled by the Council in order to give, in a final and condensed form, the movement of the Series Debt from its inception in 1881, under the Decree of Mouharrem, to its Unification in 1903 in virtue of the "Décret-Annexe" :—

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Amount
Inscribed

48,365,235 348,074

on the Grand

Livre.

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£T. £T. £T.
% £T. £T. %
7,831,869 7,666,164 3,477,052 45.35 165,705 95,077 57.37
11,049,307 4,810,850 2,196,664 45.66 2,080,434 817,620 39.30

33,604,176 2,632,542 760,576 28.89 3,617,164 905,948 25.04

3,549,331 813,798 22.93

Total

Re-
deemed.

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£T.

£T.

7,831,869 3,572,129|

6,891,284 3,014,284 43-74 4,158,023

6,249,706 1,666,524 26.66 27,354,470 42

3,611,635 833,063 23.05 44,405,526

£T.

48,017,161 62,304 19,265 30.92 101,448,409 945,896 100,502,513 15,171,860 6,453,557 42.53 9,412,635 2,632,443 27.96 24,584,595 9,086,000 36.95 75,918,019

Rate Equivalent

of
Con-
version.

in New
Unified
Bonds.

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70

122

37.5

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