522

CHILI.

Sources of Eevenue

Branches of Expenditure

Dollars

Dollars

Customs

4.040,787

Ministry of the interior

1,149.669

State monopolies

1,110,648

,, foreign affairs

91,627

Land taxes

613.078

,, justice

378,116

Excise

237,831

„ public worship

212,437

Tax on capital

3,370

„ public instruction

580,583

Patents

84,980

,, finance

3.652.951

Stamps

95,105

„ war .

1,471,475

Post .

129,881

„ marine

533,507

Mint .

1,987

Tolls .

25,247

Railways

162,651

Other Receipts

Total revenue" dollars

3,232,355

Total expenditure 1 dollars . J

L 9,274,920

8,070,366

i

£ 1,854,984

£

1,614,073

The public debt acknowledged by the republic consisted, at the end of September, 1870, of the following home and foreign liabilities : —

Dollars 2,500,000 5,000,000

Internal Debt — ■

Old Debt, at 3 per cent.

Loans of 1862-8, at 7 and 8 per cent.

Total internal debt Foreign Debt —

Loan of 1862, at 6 per cent

War Loans of 1837-39, consolidated at 3 per cent. Railway loan of 1858, at 4^ per cent. . Railway Loan of 1870, at 5 per cent. .

Total debt

£

468,750 937,500

7,500,000 1,406,250

850.000

520.000

1,500,000

1,012,700

5,2*8,1)50

The railway loan of 1870, authorised by Act of Congress of Nov. 24, 1870, was contracted for in England at the price of 83, and is to be redeemed at par by a sinking fund of 2 per cent, for the first five years, and subsequently of 1 per cent.

To the above was added, in 1867, a loan of 2,000.000/., at 6 per cent., contracted in England. It was issued at the price of 82, and the bonds were secured by the hypothecation of the customs revenues, which in 1865 amounted to nearly 825,000/.

The army of Chili, raised by conscription, was stated to amount to 5,300 men at the commencement of 1866, when the republic was at war with Spain. According to an official return of the same period, there were 29,698 national guards, or militia, inscribed on

the lists.