1919 229,240 38,685 191,155 Apr.-June 1919 331,035 69,250 261,785 July-Aug.

1919 223,535 84,515 139,020 [153] In the last two returns of the Bank of France available as I write (Oct.

2 and 9, 1919) the increases in the note issue on the week amounted to $93,750,000 and $94,125,000 respectively.
[154] On October 3, 1919, M.Bilinski made his financial statement to the Polish Diet.

He estimated his expenditure for the next nine months at rather more than double his expenditure for the past nine months, and while during the first period his revenue had amounted to one-fifth of his expenditure, for the coming months he was budgeting for receipts equal to one-eighth of his outgoings.

The _Times_ correspondent at Warsaw reported that "in general M.Bilinski's tone was optimistic and appeared to satisfy his audience." [155] The terms of the Peace Treaty imposed on the Austrian Republic bear no relation to the real facts of that State's desperate situation.