REVENUE, ARMY, AND POPULATION.

551

Sources of Revenue

1861

1866

Customs . .....

Sale of guano .....

Miscellaneous receipts

Total ....<{

Dollars

3,251,755

16,921,751

1,072,326

Dollars

3,352,724

13,300,000

21,245,832 £ 3,275,399

16,652,724 £ 2,567,295

The expenditure in the same two years was as follows :-

Branches of Expenditure

1861

1866

Ministry of the interior . ,, foreign affairs „ justice .... ,, finance and commerce . „ war and the navy .

Total f

Dollars 2,034,959

429,460

1,092,665

7,604,402

10,284,980

Dollars 2,100,000 125,000 2,000,000 6,720,000 4,850,000

21,446,466 £ 3,306,330

15,795,000 £2,435,062

The budget estimates for 18G7 exhibited a revenue of 2,689, 0831. — of which 1,426,000/. was derived from the sale of guano — and an expenditure of 3,105,421/., leaving a deficit for the year of 416,338/. Peru has a considerable public debt, divided into an external and internal. The acknowledged foreign liabilities of the republic were as follows on Oct. 1, 1<J70 : —

£ Debt, at 4 1 - per cent., of May 30, 1862 . . . 1,270,000 Consolidated 5 per cent, loan, of Feb. 22, 1865 . 7,199,200

Eailway loan at 6 per cent, of June 1870 . . 11,920,000

Total . . . 20,389,200

The 5 per cent, loan of 1865, contracted through the banking house of Thompson, Bonar, and Co., London, was originally to the amount of 10,000,000/., and became reduced to 7,199,200/. by half- yearly drawings. The railway loan of 1870, contracted through the banking house of J. H. Schroder & Co., London, issued at the price of 82-|, was hypothecated on the customs, the railways, and the guano deposits of Peru.

The army of the republic in 1866 was composed as follows : —

Infantry 8,400 ]

Cavalry 1,200

Artillery 1,000

Gendarmerie 5, 408 J

■Total . 16,008