The Iceland year-book - 01.01.1926, Blaðsíða 63

EXPENDITURE.
The Crown, Parliament, and Foreign Affairs . . 381.000s
Internal administration and social expenditure 2.212.000
The Church................................... 295.000
Educational purposes........................ 3.385.000
Post Office, Telegraphs, Communications, etc. . . 1.501.000
Interest on and sinking of the National Debt, etc. 2.009.000
Other expenditure........................... 1.229.000
Surplus..................................... 5.269.000
Kr. 16.281.000
On Dec. 31st 1925 the National Debt, which dates
front 1907, amounted to 11.815.300 kr.
Education, The schools are mainly municipal
Religion, etc. and state schools, and in most in-
stances provide free, or practically
free, instruction. Attendance in the elementary
school is compulsory from the age of 10 to 14, and
a certain standard of knowledge is required at
entry. From the elementary school the system is a
progressive one, terminating with the university.
The principal schools are: — a central college
or gymnasium, 3 high schools, 2 ladies’ schools,
2 agricultural schools, 2 commercial schools, a
teachers’ training college, a school of navigation,
a school of maritime engineering, and a technical
institute. There is a number of minor continua-
tion schools.
The University was founded in 1911 and has
four faculties: — theology, law, medicine, and
arts. Professors and instructors number 20, and
students 120. There are almost constantly one or
more foreigners studying Icelandic (Old Norse),
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