"The financial affairs of Greece seem to be in a state of hopdess bankruptcy. The kingdom started on borrowed capital, the three great powers of England, France, and Russia having guaranteed a loan of 60 millions of francs (£240,000), partly to indemnify Turkey and other creditors of Greece, and partly to assist agriculture and manufactures in their early struggles. The expenses of the court and government, the carelessness of officials, and the non-receipt of the taxes, have added to the embarrassment of the exchequer, so that at the present time the Greek treasury owes upwards of 300,000,000 dr., a third of which is due to the three powers, and the remainder to capitalists, principally in England."
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