26t

= 2.018 | Finanz-Archiv (herausgegeben von Schanz). Berlin 1915 (32. Jahrgang, I. Band):
Dr. Ernst Schultze: “Das französische Kapital in Russland”. (S.S. 125—133.)
“FINANCIAL CAPITAL IN RUSSIA” “At the end of 1899 there were in Russia 446 foreign concessionary companies with a total capital of 765 million rubles or 2,075 million francs. Of these, France accounted for 792, Belgium for 734, Germany for 267, and England for 254 million francs.” (125)...**)
**) Billion francs*
France
Belgium
Germany
England

£ = 2018 “It is stated that out of the total sum of 732 billion francs spread throughout the world in securities such as state and municipal loans, mortgage bonds, industrial shares and bonds, only an amount of 20–25 billion francs is supposed to be placed in Russia. The holders of these securities were mainly (127):
* In the manuscript, this table is given as a footnote at the end of the page.
Here it is placed directly next to the text it refers to.—Ed.
[ 306 ]

“FINANCIAL CAPITAL IN RUSSIA” aFinanz-Archiv (published by Schanz). Berlin 1915. (32nd year of publication, 1st volume
Dr. Ernst Schultze:
“French Capital in Russia”. (pp. 125–133.)

“At the end of 1899 there were in Russia 446 foreign concessionary companies with a total capital of 765 million rubles or 2,075 million francs. Of these, France accounted for 792, Belgium for 754, Germany for 267, and England for 254 million francs.” (125)...**)
France
Belgium
Germany
England million francs

Sum = 2018

Ш

Sum:
2.018 “It is stated that out of the total sum of 732 billion francs spread throughout the world in securities such as state and municipal loans, mortgage bonds, industrial shares and bonds, only an amount of 20–25 billion francs is supposed to be placed in Russia. The holders of these securities were mainly (127):
[ 307 ]

308


Vereinigte] Staaten
110–115 Milliarden Frs

England...
125–130
D
”

Frankreich...
95–100
”
”
75 – Deutschland...
60–75

Russland...
20–25
22 – Oesterreich...
20–22
+ 12* ____
Italien...
10–12

Japan...

”
J>

+ 12*
272* (my 2 = ) 440–484
u. s. w.1)
*) Axel von Bonstedt und David Trietsch: aDas russische Reich». Berlin 1910. S. 227.
In France, securities were issued in 1889–1908 for 24 billion francs: 18 abroad + 6 (25%) in France.
In Germany, securities were issued in 1883–1907 for 42 billion marks: 10 abroad + 32 (80%) in Germany.
French national wealth (1905)—20 billion francs
1914—about 250
”
”
(Caillaux, who however took 200 billion for determining income tax).
In 1912, France invested in Russian enterprises in Russia 367.66 million rubles = about 990 million francs (including 115.5 million rubles—railways; 96.25—state enterprises; 70.9—trade, banks, etc.).
At present, foreign capital in Russia is approximately as follows:
France... about 20 billion marks (billions)
Germany...
4 – 5.5
”
”
England
– 0.25
”
”
Belgium
– 0.6
”
”
E (mine) 24 – 26.35
Author = German chauvinist. Prophesies gigantic losses for France from the war: p. 133
* In the left column, the addend “12” (repeated twice) and the second sum “272” were added later in pencil.—Ed.

“FINANCIAL CAPITAL IN RUSSIA”

United States .. . 110–115 billion francs )
England. . .
125–130
”
”

France.. .
95–100
”
”
|
Germany. . .
60–75
Russia ...
20–25
Austria.. .
20–22
Italy. . .
10–12
Japan.. .
__ 5
”
”
(my sum = )
440–484 etc. *)
Sum Sum


75–

22–
+ 121


+_12*
272*
1)
Axel von Bonstedt and David Trietsch: “The Russian Empire”. Berlin 1910. p. 227.
In France, securities were issued in 1889–1908 for 24 billion francs: 18 abroad + 6 (25%) in France.
In Germany, securities were issued in 1883–1907 for 42 billion marks: 10 abroad +32 (80%) in Germany.
French national wealth (1905 – 20 billion francs
1914 – about 250
”
”
(Caillaux, who however took 200 billion for determining income tax).
In 1912, France invested in Russian enterprises in Russia 367.66 million rubles = about 990 million francs (including 115.5 million rubles – railways; 96.25 – state enterprises; 70.9 – trade, banks, etc.).
At present, foreign capital in Russia is approximately as follows:
France... about 20 billion marks (billions)
Germany...
4 – 5.5
”
”
England
–