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

COST OF THE WAR

35

the enemy; but the stronghold of Port Arthur had not yet
fallen, the enemy squadron in the bay of Port Arthur had not
yet been shattered, and our army in the north of Manchuria
was quartered for the winter in Shaho, in preparation for a
decisive battle at Mukden, while the second Russian Pacific
squadron had already started for the Far East. Under these
conditions, no one could predict what would be the final outcome of the war. The second war estimates, therefore, consisting of 700,000,000 yen for extraordinary military expenses,
and 80,000,000 yen for extraordinary affairs expenses, totaling 780,000,000 yen, were passed in the 2Ist session of the
Diet. The sources of revenue to meet these requirements
included the special accounts fund, the income from increased
taxes etc., national loans, the Treasury surplus, a small sum
of war-fund contributions and miscellaneous incomes. The
deficits in the estimates of the extraordinary affairs expenses
were filled up in December of the next year by the extraordinary defrayal of 28,820,000 yen from the special accounts fund
and the yearly account surplus, and by the supplementary
estimates amounting to 7,200,000 yen which were to be defrayed from the surplus fund. Deficits in the estimates of the
extraordinary military expenses were covered by the extraordinary defrayal of 60,000,000 yen with the revenue of public
loans. These details can be tabulated as follows:
SECOND ESTIMATES OF WAR EXPENDITURES, DECEMBER, 1904
Expenditures Amount Source of Revenue Amount
Extraordinary military Yen Yen Special accounts Yen Yen
expenses (second fund........... 8,ooo,ooo
estimates)........ 700,000,000 Increase of taxes,
etc............. 19,ooo,ooo
National loans.... 57r,ooo,ooo
Public contributions
to war funds... 1,500,000
Miscellaneous incomes........... 500,000
Extraordinary defrayal 60,ooo,ooo Public loans...... 60,000,000
760,000,000 ------ 760,000,000
Extraordinary affairs Treasury surplus... 48,328,977
expenses (second Increase of taxes,
estimates)........ 80,ooo,ooo etc............. 31,671,023
Extraordinary defrayal 28,825,409 Treasury surplus... 24,825,409
Supplementary esti- Special accounts
mates............ 7,200,000 fund........... 4,000,000
Treasury surplus... 7,200,000
i I6,025,409 i I6,025,409
Total.......... 876,025,409 Total.......... 876,025,409