The Treaty of Portsmouth 1905

The Treaty of Portsmouth 1905:

(1) Russia recognized that Japan had “paramount political, military and economic interests in Korea.”

(2) Russia transferred its lease of Liaotung territory to Japan as well as special rights of its railway system and the development of mines in south Manchuria.

(3) Russia ceded the lower half of Carphuton (Sakhalin) to Japan.

(4) She handed over to Japan some special rights to fishing on the Siberian Sea coast.

(5) Both the countries agreed on the amount spent on prisoners of war and Japan received about 20 million dollars more than Russia.

(6) It was agreed that Russia and Japan would withdraw their soldiers from Manchuria, but the railway-track guards would be allowed to stay there.

(7) Russia and Japan would not obstruct any steps taken by China for the development of trade and industry in Manchuria on condition that these were not discriminatory.

(8) Railway line in Manchuria, excepting Liaotung Peninsula will be used only for the purpose of trade and industry and not for the military.

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Role of Public Expenditure (Objectives of Public Expenditure)
Comparison of Public and Private Finance
Effects of Musgrave views on the Theory of Public Finance
Is Public Finance a Positive Science or a Normative Science
Value-Added Tax (VAT)- Merits and Demerits
Role of Functional Finance in Inflation and Deflation
Legacy of 19th Century– NIOS

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