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Poverty Bay Standard, 4 September 1875, Page 2

The Debts of the World. —The debts of the world have been most carefully summarized by the Pall Mall Gazette, and have been calculated to reach £4,750,000,000. Taking the twenty principal countries of the globe their debts amount to £4,590,000,000, bearing an annual interest of 188,550,000, an increase of the indebtedness of the worldsince 1873 of £347,000,000. France heads the list with a debt of £900,000,000, having increased her liabilities in two years by £152,000,000. Great Britain comes next with a debt of 780,000,000, having decreased her liabilities by £10,000,000 in the same time. The United States owe £440,000,000, and Italy £390,000000. Spain is a debtor to the amount of £375,000,000, an increase of £114,000,000, and Austria £350,000,000, an increase of £44,000,000. The debt of Russia amounts to £*340,000,000; that of the German Empire to £200,000,000, a decrease of £8,000,000 in the two years. That of Turkey is £135,000,000, an increase of £11,000,000: that of India £130,000,000, an increase of £22,000,000. Brazil is £82,000,000 in debt, and Egypt £77,000,000. Holland is £80,000,000; Portugal, £69,000,000 ; Mexico, £63,500,000, Australasia, £46,000,000; Peru, £37,000,000 ;Belgium, £36,000,000; and Hungary, £32,000,000; while Canada closes the list with £30,000,000. France has to pay £33,000,000 a year interest (at the rate of 3 J per cent, for her money); England £26,700,000 (at the rate of 3! per cent.) ; the United States, £20,600,000, (at the rate of 4| per cent.); and Italy, £15,350,000 (at the rate of 4 per cent.). Of the other countries Turkey has to pay 7 per cent.; Egypt, 10; Germany 4J ; India, 4J; Peru, 7 ; Belgium, Hungary and Canada, 5; Australasia and Mexico, > 6 ; Portugal, 3 ; while Holland pays but I 2J per cent. The rate of interest which | these countries are severally paying on the I nominal amount of the debt must not, of course, be confounned with the rate at which they can now borrow. Judged by the latest quotations on the Stock Exchange, some of these may be given as follows: —England, 3| per cent.; India, 4 per cent.; Holland, 4} per cent.; Canada, 4) per cent.; Austratralasia, 4J per cent.; United States 4| per cent.; France, 5 per cent.; Russia 5 per cent.; Brazil, 5 per cent.; Italy, 6 per cent.; Portugal, 6 per cent.; Hungary.; 7 j per cent.; Egypt, 8 per cent.; Turkey, 10 per cent.; Peru, 10 per cent.; Spain 15 per cent.; Mexico 18 per cent.