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Updated: May 22, 2025
The only parts, therefore, of the expenditure which can be fairly said to be for the benefit of the nation, are the expenses of the Currency, Census and Public Works, amounting altogether to 785198 scudi, or not a twelfth of the net income raised by taxation. Commercially speaking, whatever may be the case theologically, I am afraid the Papal system can hardly be said to pay.
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