Finanz-Archiv (published by Schanz), Berlin, 1915 (32nd year, Vol. I):
Dr. Ernst Schultze, “French Capital in Russia” (pp. 125-33).
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“At the end of 1899 there were in Russia 146 foreign concession companies, with a total capital of 765 mil- lion rubles or 2,075 million francs. Of this, 792 million francs belonged to France, 734 to Belgium, 261 to Ger- many and 231 to Great Britain” (125).... |
| million francs | |
| France | — —792 |
| Belgium | — —734 |
| Germany | — —261 |
| Great Britain | — —231 |
| Σ=2,018 | |
“Out of a world total of 732,000 million francs in securities, such as: state and municipal loans, mortgage deeds, industrial shares and bonds, only 20,000-25,000 million francs are said to have been invested in Russia. The chief holders of these securities were (127):
| Σ | Σ | United States | 110- | 115 | thousand | million | francs | } | 420 | |||
| 130 | Great Britain | 125- | 130 | ” | ” | ” | ||||||
| 100 | France | 95- | 100 | ” | ” | ” | ||||||
| 75 | Germany | 60- | 75 | |||||||||
| 25 | Russia | 20- | 25 | |||||||||
| 22 | Austria | 20- | 22 | |||||||||
| + 12 | Italy | 10- | 12 | |||||||||
| 5 | Japan | 5 | ” | ” | etc. | ” 1 ) | ||||||
| 260 | 97 | (my Σ=) | 440- | 484 | ||||||||
| + 12 | ||||||||||||
| 272 | ||||||||||||
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1 ) Axel von Boustedt and David Trietsch, The Russian Empire, Berlin, 1910, p. 227. |
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In France, during 1889-1908, securities were issued to the value of 24,000 million francs: 18,000 million abroad + 6,000 (25 per cent) in France.
In Germany, during 1883-1907, securities were issued to the value of 42,000 million marks: 10,000 million abroad and 32,000 (80 per cent) in Germany.
The French national wealth
(1905)— 204,000 million francs
1914 —about 250,000 ” ” (Caillaux,
who, however, took 200,000 million in calculating income tax).
In 1912, France invested in Russian enterprises in Russia 367,660,000 rubles = about 990 million francs (including 115.5 million rubles in railways; 96.25 million in state enterprises; 70.9 million in trade banks, etc.).
At the present time, foreign capital in Russia is approximately as follows:
| France | about | 20 | thousand | million | marks |
| Germany | 4-5.5 | ” | ” | ” | |
| Great Britain | 0.25 | ” | ” | ” | |
| Belgium | 0.6 | ” | ” | ” | |
| Σ (my) | 24-26.35 | ||||
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The author = a German chauvinist. Predicts gigantic French losses from the war: p. 133. |
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