Rensselaer Semi-Weekly Republican, Volume 21, Number 16, Rensselaer, Jasper County, 17 November 1899 — Indemnity to British. [ARTICLE]

Indemnity to British.

In spite of recent reverses the English papers are beginning to figure on the amount of indemnity the South African Republic will be forced to pay when the Boers are finally conquered. In this connection it unpointed oat that the financial condition of the republic ia excellent. For the year 1897 the total revenue of the Transvaal amounted to $22,400,000, while tbe total expenditures were $21,900,000. From an English standpoint there will be room in tbe future for large reductions in expenditures, so that a big balance will be left which may be applied to tbe payment of interest on a loan sufficient to pay the indemnity which the British are to demand. At present the total State debt of the South .African Republic is less than $14,000,000.