Against this Dr Wekerle had protested, as opposed to general Hungarian opinion and ruinous to the national credit, pointing out that whenever it was a question of raising a loan, the maintenance of the financial community between Hungary and Austria was always postulated as a preliminary condition.
For the loan of several figures from the translations published by them of the admirable treatise on Embryology by Professors Korschelt and Heider; also to the publishers of the treatise on Palaeontology by Professor Zittel, Herr Oldenbourg and The Macmillan Co., New York, for several cuts of extinct forms.
On the receipts side of this budget were comprised the Austrian indemnity for the annexation of Bosnia and Herzegovina (£T2,50o,000), cash and securities belonging to the deposed sultan (£TI,600,000), sale of old guns (£T300,000), sale of lands and other property recovered from civil list encroachments (£T908,000), and finally the unexpected balance of the proceeds of the 1908 loan (£T6J5,000), the whole forming an aggregate total of £T5,963,000.
Ottoman arms met with almost systematic reverses; both the ordinary and the reserve treasuries were depleted; a proposal to contract a foreign loan (1783) came to nothing, and the public debt (duyun-i-usnumiye) was created by the capitalization of certain revenues in the form of interest bearing bonds (sehims) issued to Ottoman subjects against money lent by them to the state (1785).
Point was given to this argument by the fact that the premier had just concluded the preliminaries for the negotiation of a loan of £20,000,000 in France, and that the money - which could not be raised in the Austrian market, already glutted with Hungarian securities - was urgently needed to pay for the Hungarian share in the expenses of the annexation policy, for public works (notably the new railway scheme), and for the redemption in 1910 of treasury bonds.