RUSSIA'S FINANCES
MOJIK LOANS. • ASIATIC RAILWAY POLICY. Dl" TELEGRArH —PP.ESS ASSOCIATION —-COPYRIGHT. (Rec. March 23, 9.46 p.m.) . .St. Petersburg, March 23. I M. Kokovtseff, Minister .for Finance, has informed the' Budget, Committee of the Duma that new loans aro inevitable. He omphasised the' political iniclispensability of constructing,''within five years,' A second . trans-Siberian line, .and' the Amur Railway, at a cost .totalling £36,000,000. Tho extraordinary expenditure upon national defonco . during tho next five years would total £32,000,000. . •
The Minister' .explained to the Committco the tendency of expenditure to increase' in the caso of .'countries' passing from an absolute regime to national representation. lieforeshadowed tho levying of an income-tax.'
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Dominion, Volume 1, Issue 154, 24 March 1908, Page 7
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107RUSSIA'S FINANCES Dominion, Volume 1, Issue 154, 24 March 1908, Page 7
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