«According to data compiled by London-based ... parliamentary committees in 1875 and 1878. It turns out that, starting from the twenties until the mid-seventies, the current century, the London market were made loans to 48 states, totaling 614.2 million pounds of art. Of these 48 states to the 1 st January 1878 had fulfilled all its obligations Only 17, among which, besides the European states, appear as Brazil, China, Cuba, Japan, Morocco and Massachusetts, 18 states within a more or less long time since that period is not complied with its obligations, ie, or not fully paid their interest, eg. Austria .... Or repay capital is not an appropriate time, or not in the proper amount ... to the last, except Austria, belong to even Danubian principalities, Spain and Portugal. " On a perfect fulfillment of the obligations had 45.89% of the amount of debt on the full and partial failure - 54.11%.
Source: BF Brandt. Foreign capital and their impact on economic development. Part One. - St. - Petersburg: Typography B. Kirschbaum, 1898. - P.61
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