The harbour works in the Montenegrin port of Antivari, commenced in March 1905 and completed early in 1909, were an Italian concern, and Italy became a party to the agreement for the Danube-Adriatic Railway (June 2, 1908) together with Russia, France and Servia; Italy was to contribute 35,000,000 lire out of a total capital of 100,000,000, and to be represented by four directors out of twelve.
The minimum annual premium is six lire for an annuity of one lira per day at the age of sixty, and insurance against sickness.
Currency.The lira (plural lire) of 100 centesimi (centimes) is equal in value to the French franc. The total coinage (exclusive of Eritrean currency) from the 1st of January 1862 to the end of 1907 was 1,104,667,116 lire (exclusive of recoinage), divided as follows: gold, 427,516,970 lire; silver, 570,097,025 lire; nickel, 23,417,000 lire; bronze, 83,636,121 lire.
The financial situation continued to be em iously embarrassing; deficit was piled on deficit, loan upon res fn, and the service of the debt rose from 9o,ooo,ooo lire in th 60 to 2?O,000,000 in 1864.
Ferdinand, Philip's son, who succeeded under Dutillot's regency in 1765, saw his states occupied by the revolutionary forces of France in 1796, and had to purchase his lifeinterest with 6,000,000 lire and 25 of the best paintings in Parma.
I For example, wheat, the price of which was in 1902 26 lire pe cwt., pays a tax of 74 lire; sugar pays four times its wholesale val,ii in tax; coffee twice its wholesale value.
Money order cards are very convenient and cheap (up to 10 lire for bc. short private message can be written on them.
It is estimated that Sardinia pays, in local and general, direct and indirect taxation of all kinds, 23,000,000 lire (920,000), a sum corresponding to 35.44 lire per head.
For these services he was created duke of Gaeta by the king, and was assigned a pension of 10,000 lire by parliament.
Availed himself to the full of the (for him) convenient clauses of the Italian Law of Guarantees (May 13, 1871), while refusing the civil list of three and a quarter million lire provided for his use, and inhibiting Italian Catholics from participating in the elections to the House of Deputies (ne elettori eletti).