Interest was charged at very high rates for overdue loans of this.
The authorized colonial loans, omitting Algeria and Tunisia, during the period 1884f 904 amounted to 19,200,000, the sums paid for interest and sinking funds on loans varying from 600,000 to 800,000 a year.
Besides receiving taxes, they pay the creditors of the state in their departments, conduct all operations affecting departmental loans, buy and sell government stock (rentes) on behalf of individuals, and conduct certain banking operations.
The total number of men supplied by Cleveland to the U.S. armies in the World War was 55,000; the total amount subscribed in the Liberty and Victory Loans $437,041,300.
Subsequently all extraordinary refo Fiscalr expenditure was met by forced loans (prestanze), but the (1427),ms method of distribution aroused discontent among the lower classes, and in 1427 a general catasto or assessment of all the wealth of the citizens was formed, and measures were devised to distribute the obligations according to each man's capacity, sò as to avoid pressing too hardly on the poor.