Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

34 EXPENDITURES OF THE RUSSO-JAPANESE WAR

source of revenue. The estimates for these war expenditures
may be tabulated as follows:
ESTIMATES OF WAR EXPENDITURES, DECEMBER, 1903
Expenditures Amount Source of Revenue Amount
Yen Yen Yen Yen
Extraordinary military Special account fund 25,000,000
expenses (emergency Treasury bonds.... I30,971,036
measure).......... 55,971,036 155,971,036
Extraordinary affairs
expenses
Temporary defrayal. 1,422,585 Second reserve fund 370,500
Treasury surplus....,052,085
Emergency measure. 257,894 Special account fund 257,894
r,680,479 I,680,479
Total........... I57,651,515 Total.........I57,651,515
As stated above, the estimates for war expenses before the
war broke out were I57,650,000 yen, of which I55,970,000 yen
represented extraordinary military expenses and I,680,ooo
yen, extraordinary affairs expenses.
The diplomatic relations between Japan and Russia were
severed in February, I904, when Japan declared war upon
Russia. The 20th session of the Imperial Diet in March of
the same year passed the first estimates of war expenses. The
estimates consisted of the extraordinary military affairs
expenses amounting to 380,000,000 yen, and the extraordinary
affairs expenses amounting to 40,000,000 yen, a total of 420,ooo,ooo yen, the sources of revenue being the special accounts
fund, the increase of taxes, national loans and the Treasury.
The above statement may be tabulated as follows:
ESTIMATES OF WAR EXPENDITURES, MARCH, I904
Expenditures I Amount Source of Revenue Amount
Yen Yen Yen
Extraordinary military Special accounts fund 30,000,000
expenses......... 380,000,000 Increase of taxes, etc. 60,20I,879
Extraordinary affairs National loans..... 280,000,000
expenses.......... 40,000,000 Treasury surplus.... 9,798,I2r
380,000,000
Treasury surplus.... 40,000,000
Total........... 420,000,000 Total......... 420,000,000
The war situation had largely developed by November,
1904, the Japanese forces having gained repeated victory over