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  4. Document 421
No. 421.

Mr. Bell to Mr. Bayard.

Legation of the United States,
The Hague, September 26, 1885. (Received October 10.)
No. 48.]

Sir: I have the honor to report that yesterday the minister of finance submitted the budget for the coming year to the second Chamber, by which it appears that a deficit exists of 16,500,000 florins ($6,600,000) for the home Government, and a further deficit of 4,500,000 florins ($1,800,000) for the Indian colonies.

In order to provide for this deficit as well as to complete the unfinished public works, it is said that the minister of finance will propose to the Chambers that a loan of 65,000,000 florins ($26,000,000) be issued payable in fifty-five years.

I have, &c.,

ISAAC BELL, Jr.