The reserves were as follows : Year 1920 1921 1922 1923 . Gold Millions 1.059 1,092 I. 126 1.134 Silver Millions 115 114 116 116 Foreign securities or deposits Milliomi 9°3 792 799 603 The advances m~de by note issuing institutions have decreased as shown by the fallowing table, once more without any remarkable change : December, 1921 January to April, 192~ May to June, 1922 July to ·october, 192.2 July to October, 1923 4. Deposits; savings; postal, telephone revenues; pa.wnshops . .The total savings w~re: June 30, 19.20 ... ,, 1921 ,, 192.2 ,, 1923 ... Millioni 4,839 ... 4,167 3,62~ 3,068 2,972 telegraph, and, Millions .20,659 26,618 28,316 3 2 ,334 -that is, an increase in 1923 equivalent to the average of preceding years. The revenue ?f the Ministry of Posts and Telegraphs was as follows : 1919-20 1920-21 1921-.22 Millions 344 5°9 63.2 were transferred under the decree of April 26th, 1923, from th~ banknote circulation to that of the State, which actually increased from 1,867 millions in 192~ to 2,028 millions in 1923. The transfer is one of accounting only, and· the sum 01261 millions must therefore be added for exactitude in comparison. 5 B Biblioteca Gino Bianco
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