The simplest and shortest way of answering these questions will be, I think, to take the ordinary Budget for the present year and to explain its salient features. The financial statement, which was issued early this year, and which will be submitted to the Sobranje at the commencement of the approaching session, has at all events the merit of being short and simple. Converted into English pounds sterling, and leaving out fractions of pounds, the figures of the Budget for 1894 stand as follows:—
The Budget, therefore, shows a nominal deficit of £47,978. As, however, the receipts are believed to have been calculated, as usual, below their real yield, the probabilities are that this year, as heretofore, the final Budget will show a surplus.
The receipts, which I have given under their general headings as stated in the Budget, are composed of the following items:
Licenses for the sale of tobacco
The Direct Taxes consist of the land-tax, that is, of a tenth of the gross value of the produce of any farm, calculated on the average yield of the four preceding years; the taxes levied on goats, sheep, and pigs, the duty being tenpence a head on the first named and sixpence a head on the two latter; the licenses for the sale of tobacco, spirits, and sundry other small articles. What proportion these different taxes bear respectively to the total of close upon a million and three-quarters derived from direct taxes, that is, to some seven-sixteenths of the whole revenue, is not stated in the Budget But I gather that the land-tax constitutes the main item of this source of revenue.
The Indirect Taxes consist of the import and export duties levied at the frontier, and of the excise duties upon raw tobacco grown in the country, upon the manufacture of beer and spirits, and upon the production of native salt
The Imposts are made up of fees charged for registration, for succession duties, for legal certificates, for passports, and for licenses to shoot fish and carry arms.