Lenin: 1916/ni-eta: FINANCE CAPITAL IN RUSSIA (original) (raw)

Vladimir Ilyich Lenin

NOTEBOOK “η”

(“ETA”)

FINANCE CAPITAL IN RUSSIA

Finanz-Archiv (published by Schanz), Berlin, 1915 (32nd year, Vol. I):

Dr. Ernst Schultze, “French Capital in Russia” (pp. 125-33).

“At the end of 1899 there were in Russia 146 foreignconcession companies, with a total capital of 765 mil-lion rubles or 2,075 million francs. Of this, 792 millionfrancs 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
1 ) Axel von Boustedt and David Trietsch, The RussianEmpire, Berlin, 1910, p. 227.

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
The author = a German chauvinist. Predicts giganticFrench losses from the war: p. 133.

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