Show I I SLOVAKIA SHOWS TRADE RAD BALANCE Little Nation Alre Already dy Is T Taking Place in Trade of World II ny liy j. j ru DUCK DUCKWORTH V V X La II E A. A Staff Correspondent PRAGUE Dec 10 The Czechoslovak Czecho Czecho- slovak republic is now two years old Of all the states born from the universal sal ch chaos chaos' os' os o 0 great war Czechoslovakia Czecho Czecho- slovakia is the only one ono spared spared the sorrows of infancy Czecho Slovakia is the first tate tte in central Europe whose budget for tor 1921 shows a credit balance It is the only oily country In Continental Europe where the circulation of paper money mone- has not been increased since the armistice You cannot be long among mong these en enthusiastic on- on th I s f neo pf t people people Czechs e Czechs c s 1 and Slovaks until Slovaks until recent recently subject races races' of the Austro I an monarchy without II J 0 being l convinced c Czecho Slovakia e rg la is a state the rest of I Ithe the world Is going to hear much of Inthe Inthe in inthe the near future With an area of 55 square miles mites and a population of CzechoSlovakia Czechoslovakia Czecho Czecho- slovakia has a larger area than Denmark Denmark Denmark Den Den- mark Belgium and Holland combined and a larger population than Switzerland Switzer Switzer- land hind Belgium and Denmark combined Slovakia Czecho-Slovakia will quickly live down the handicap of Its queer name Dr ln English I lIsh minister of finance whose budget shows total revenues for forthe forthe forthe the coming year amounting to crowns and a total expenditure of 14 crowns pointed out outto outto outto to me a feature of his budget that Isor is of or considerable Importance to American and foreign Investors ily My ly estimates comprise an or ordinary and an extraordinary budget budge and another another another an an- other based upon profit sharing items Revenues derived from the state budget budget bud bud- get proper r cannot be applied for purposes purposes pur pur- g A poses e of the profit yielding items ur In Inthe Inthe the second budget and vise Alse ersa The Slovak Czecho-Slovak state in other words binds r d itself by the not 0 yielding credit to use the irl credits items f obtained ob obtained ob- ob for defraying the state deft detI I t v Th Tha n w financial ni the equilibrium and hod solvency ot Ut state stale It was already dy necessary to ob obtain obtain obtain ob- ob tain a decree of ot the ministerial council council council coun coun- cil together with the sanction of the supreme control board before the budget bud bUd- get estimates could be he exceeded The same formalities forma are now necessary necessary necessary essary for tho rho transference of Credits to other purposes than those for which the they were originally In intended while before be before be- be fore the budget estimates can DO no ex- ex the unconditional sanction of the national assembly must be ob obtained obtained ob- ob NO Among other other- precautions against extravagance the the various ministries I may not make purchase e beyond crowns 10 crowns In the case of profit yielding items without the consent consent consent con con- sent of the finance ministry I We We are determined not to have any extravagance in any of or our departments departments departments depart depart- ments and to get et out of debt as quickly quick quick- ly as possible |