The Debts of Great Cities.
» New York is a big oity, but it also has a big debt, tbo amount of which on the Ist of January was £49.817,---000 showing an inorease of over £6.000,000 in 1898. But in 1899 it, proposes to spend another £7,000,---000 or more, on loan accounts, largely on schools and bridge?). The i asessed valuation of real property in New York is £601.819.000. The indebtedness of Paris, however, considerably exceeds that of New York, as three years back it was £71,000,---000. London, considering its magnitude, ia comparatively lightly burdened with debt. Tne London Oity Council owes rather over £40,---000.00 - t-he City Corporation £5,* 255,000 (all of it self supporting), -md the Commissioners of Sewers £1,500.000, making in all about £47.000,000. The debt of Franoe is the greatt-st in the world, and that >f Paris the greatest city indebtedness. McKee and Gamble, Photo-Engravers, and Lithographers, Wellington, Send for quotation.
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Manawatu Herald, 30 March 1899, Page 2
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153The Debts of Great Cities. Manawatu Herald, 30 March 1899, Page 2
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