Emile Durkheim's Contributions to Sociological Theory Volume 151-153
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...possible paying-off of these loans, for unprofitable lines are always to be found in a system of state railroads, and the productive power of the roads as a whole is then diminished. In most of the state road administrations in Germany, namely, the Prusso-Hessian association, the Bavarian and the Wuertemberg roads, such a plan for amortization has been established. Although the Japanese government has carried on a socalled railroad separate account for some time, no Plan for a separate payment of railroad loans has been considered; indeed, their amortization is always connected with that of the state debts in general. We are therefore unable to speak of a plan to amortize only the railroad debts. (b) Plan for Amortizing State Debts In 1878 Okuma, who was then minister of finance, and is now (1915) prime minister, for the first time issued a law for the amortization of state debts, and planned the establishment, with the permission of the prime minister, of an amortization fund in the state budget.' In June of the following year the minister of finance changed this law in some details, with a view of effecting a large reduction of the debt. This law fixed an annual sum of 20 million yen from 1878-1885, Y25 mill. from 1886-1890, and again Y20 mill. from 1901-1904, to be used for amortization and the payment of interest, which sums were to be taken from the current receipts; so that all state debts should be discharged by 1905. But meanwhile the financial conditions changed. On the one hand, the state debts were increased by the negotiation of railroad and other loans; and on the' other hand, the state exchequer was able to do more toward discharging these debts. As a result, Minister of Finance Matsukata somewhat modified his...
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- 13 Sep 2013
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