B?x°K Army - - - £■ 400,000
' 1 Navy —i - 200,000
Payment of debts - _ 200,000
Penfions - ’ - _ 160,000
Jointure of the queen-dowager - 16,600
Income of prince Frederic - 8,000
£ . 1,384,000
The public debt in 1785 amounted to £ . 3,600,000, of which
in time of peace about £ . 200,000 is annually liquidated. Lately
however this liquidation of the debt owing to the fubjedts has
been made in bank notes. Although this meafure faves to the nation
the payment of the interefl of 4 per cent, in money, yet it
too much promotes the increafe of paper currency.' The bank
notes are not exchanged at Hamburgh, except under a difcount
from 16 to 20 per cent. There is but little fpecie in the country.
The fpecie collected for the Sound duties is chiefly appropriated,
to the intereil of the foreign debt, and the appointments of per-
fons employed in Holflein ; and the produce of the filver mines,
at Kongfberg fcarcely exceeds £. 50,000 per annum..
C H A f .
C H A P . III.,
Prefentation to the Prince Royal— Revolution in the Administration
ejfeBed by his Royal Highnefs— Account o f that 'Tranfaciion,.
T N a private audience of the prince royal, I had the honour of
■ prefenting my Travels in Poland, Ruffia, Sweden, and Denmark.
His royal highnefs converfed with me for a confiderable
time ; and, by the queilions he put to me,, and the remarks
which he made, gave ftrong figns of a comprehenfive mind, and
of a difpofition formed for government.. I could not avoid admiring
a prince, who at the age of fixteen adted with fo much
firmnefs, fecrecy, and difcretion; and; who lately effedted a change
in the governing adminiflration of this kingdom, no lefs by his
own prudence and courage, than by the advice and affiflance of
his friends,.
Since the. imprifonment and exilé of Matilda, the wholè power.-
was veiled in the queen-dowager Louifa Maria j and the ad-,
miniftration, which.oftenfibly carried on the public affairs, was,
entirely fubfervient to her views,.and to thofe of. herTon prince:
Frederic..
The late king of Pruffia had, by means of his coufin the
queen-dowager, gradually acquired an almofl abfolute fway in:
the cabinet of Denmark; and diredted the foreign affairs in fubferviency/