Economic and financial section > Report of the Commissioner of the League of Nations in Bulgaria > 22nd report

[Distributed to the Council and Official No.: C. 371, M, 212, 1932. II. A.
the Members of the League.} [F.1053.]
Geneva, April 3rd, 1932.
LEAGUE OF NATIONS
SETTLEMENT OF BULGARIAN REFUGEES
Twenty=second Report of the Commissioner of the
League of Nations in Bulgaria
The Quarter from November 15th, 1931, to February 15th, 1932.
A. Settlement of Bulgarian Refugees.
I. Position of the Account of the 1926 7 % Loan.
Appendix I to the present report shows the position of the 1926 7 % Loan Account as at
January 31st, 1932, including interest on credit deposited abroad. The whole amount available
in foreign monies has been converted into leva, and there remained a deposit of 32,265,410 leva
at the National Bank of Bulgaria on the date in question.
II. Yield of Assigned Revenues.
The amounts paid into the special account for revenues assigned as security for the service
of the loan in November and December 1931 and January 1932 are shown below:
Chapter of
the budget
Chapter 13 (Excise duty on alcohol,
etc.)
Chapter 16 (Excise duty on salt, etc.).
Chapter 21 (Sale of matches) ....
Total
November
1,896,197
36,919,234
8,451,000
47,266,431
Receipts
December
January
One-twelfth
of the budget
estimates
In leva
1,921,759
35313.958
5,958,000
43T93,7I7
i,379,i46
27,042,275
6,093,000
34,514,421
5,000,000
29,166,666
9,583,333
43,749,999
The receipts for the last three months show a slight improvement as compared with those of
the preceding quarter, and are only 5.3 per cent lower than the budget estimates. Experience
has, however, shown that, as a result of seasonal influences, this is the period of the year in which
the yield of the assigned revenues is at its lowest.
We found that, in spite of the crisis, the normal level of receipts was maintained, and that the
fluctuations in receipts from assigned revenues were, owing to the very nature of such revenues
—primarily excise duties on products of general consumption—much less marked than those
in the total budget receipts.
Series of League of Nations Publications
II. ECONOMIC AND FINANCIAL
1932. II. A 8.
S.d.N. 1.025 (F-) 960 (A.) 4/32. Imp. Kunclig.