A general election, in February 1906, was followed by three changes of ministry, the last of which, on the 19th of May, inaugurated the regime known in Portugal as the dictadura or dictatorship. JoaoFranco, the new prime minister, was conspicuous among Portuguese politicians for his integrity, energy and courage; he intended to reform the national finances and administration - by constitutional means, if possible.
Its affairs are administered by a governor-general, who is also commander-in-chief of the forces, by a bureau of civil government, and by three prefectural governors, below whom are the heads of twenty territorial divisions called cho; its finances are not included in the general budget of the Japanese empire; it is garrisoned by a mixed brigade taken from the home divisions; and its currency is on a silver basis.
Bullock, Historical Sketch of the Finances and Financial Policy of Massachusetts (1907).
His finances were not a pretty sight.
A constitution on the French imperial pattern granted by the king remained practically inoperative, an arbitrary bureaucratic regime was instituted, the finances were from the beginning in a hopeless condition, and the country was drained of men and money for Napoleon's wars.
During the war the supplying of the army in the field had caused an artificial inflation of trade, and the Sprigg ministry had pursued a policy of extravagant expenditure not warranted by the finances of the colony.
Their finances were indeed excellent; they kept regular accounts, and had already developed the modern principle of separating the civil list from the expenses of the government; but when they brought the tables of moneychangers into the temple, they were doing as the Templars had done before them, and were likely to suffer as the Templars had suffered.
Was the every direction; the finances and the army were reorganized, military instructors being procured from Europe; the administration was gradually centralized, and good relations were cultivated with the powers, the only serious international controversy arising in1848-1849over the refusal.
A period of quietness now set in, and the condition of the kingdom, its education, its agriculture and its trade and manufactures, began to receive earnest attention, while by frugality, both in public and in private matters, King William helped to repair the shattered finances of the country.
These are all under the supervision of a state board of control of three members, appointed by the governor, which was created in 1909, and also has control of the finances of the state educational system.