For more than twenty years the finances of the government have shown a surplus. What a contrast to all the years of the republic before that time. In 1876 the total revenue of the government was but $19,000,000 silver. For the fiscal year ending June 30th, 1910, this had increased to $53,164,242 United States gold. From a yearly deficit a surplus has been evolved which annually amounts to several million dollars. The total cash in the treasury at the date of the above report amounted to $37,042,857 gold. This statement shows a healthy condition of affairs. The government now finds willing buyers for its bonds, and all its obligations have been met promptly for a number of years. Finance Minister Limantour, who held that position for many years, proved himself to be a Napoleon of finance, and his reputation extended to every financial centre in the world. Establishing the gold standard was a great achievement. Just a few years ago Mexican silver varied from $2.05 to $2.40 for a gold dollar, and all business was unsettled as a result. Now the government has established a rate of exchange of two silver dollars for one of gold, and all this was done without any friction or disturbance. It is to be hoped that the new administration will maintain the same high standard of financial integrity that has been handed down by its immediate predecessor. The foreign trade of Mexico runs into big figures. The total extra-territorial trade of the republic for the year ending June 30th, 1910, amounted to $227,456,025 in United States gold. Of this amount $130,023,135 represented exports and $97,432,890, imports. Of the exports $78,260,037 were of mineral products, while vegetable products were less than half that amount. An analysis of the imports shows by far the largest items were included under manufactured articles, such as machinery, textiles, chemical products, etc. Arms and explosives imported exceeded a million and a half dollars in value, thus showing that the government and people were even then preparing for the struggle to follow. By far the largest proportion of exports and imports was with the United States. Imports from the United States amounted to the tidy sum of $56,421,551, an increase of twelve million dollars over the preceding year, and the exports to the United States were $98,432,859, an increase of almost an equal amount. The United Kingdom is the nearest competitor in the foreign trade with our neighbouring republic. While the imports from the United States showed an increase of twenty-four per cent. over the preceding year, the increase from the United Kingdom and Germany was only twelve and eighteen per cent. respectively. Imports from the mother country, Spain, were less than three per cent. of the whole.