BROC Petr Fedorovich( Finance Minister (1805 - 75).)
Comments for BROC Petr Fedorovich
Biography BROC Petr Fedorovich
He was educated at Moscow University, he served on the Office of Communications, and in 1825, Mr.. by the Ministry of Finance. In 1849, Mr.. was appointed Deputy Minister of Finance, the Ministry also ran from 9 April 1852. to 23 March 1858. In retirement, as a member of the Council of State and Secretary of State, was present and at one time chaired the Department of State Economy. Financial activities Brock dictated mainly by the poor conditions of the Crimean campaign. When it was signed several foreign loans, and total public debt had reached in 1855, Mr.. 1.198 billion. p. Extremely increased number of paper money. Prior to 1853, Mr.. credit cards were issued at 311.4 million. rub., with a metallic coating in 39,7% and in 1858. This amount increased to 735.5 million. Rub. coated only 16,2%. To maintain the course was banned export of gold abroad, and limited (25 m. rub.) issuing it in one hand in exchange for credit notes. By such measures, the loan rate of the ruble in 1856. was raised to al pari, but the attempt to restore the free exchange of Brock ended in failure, and after a few months later had to resort to restrictive measures. Accumulated during the war, deposits with credit institutions led the Ministry of Finance to lower the% on them with a 4 to 3, in order to make contact-free capital for productive purposes, among other things, on railway construction. But such an outflow of deposits began that, in order to avoid bankruptcy, had to allocate from the state treasury 77 million. rub. to make an external loan of 12 million. á¸ consolidation of the deposits and to suspend the establishment of new joint-stock companies. Brock took an active part in the discussion and the establishment of liberal tariff 1850, 1857 and 1868 years. - See. "The Ministry of Finance 1802 - 1902 (St. Petersburg, 1902). L. L.