1887, $ 8,671,243 1888, 8,845,776 1889, 10,786,602 1890, 9,848,735 1891, 8,648,509 ----------- Total $46,800,865 The increase of the second period, if compared with the first one, has been: $12,046,721. Licenses, Stamped Paper, Stamps. The licenses for trade houses, shops, etc., stamped paper and stamps have produced during the period 1887-1891: Stamped Licenses. Paper. Stamps. 1887, $ 783,179 $203,143 $336,688 1888, 888,543 253,610 379,063 1889, 1,180,118 283,009 452,167 1890, 1,219,943 301,058 485,850 1891, 1,001,405 220,882 414,160 ---------- ---------- ---------- Totals, $5,073,188 $1,261,702 $2,067,928 Annual} Middle} 1,014,637 252,340 413,585 Term. } Public Debt. On the 1st of January, 1891, the public debt was $ 89,848,850 Augmentation of the public debt during the year 86,182 ------------ $ 89,935,032 Redemption in 1891 2,145,059 ------------ Public debt on the 31st of December, 1891 $ 87,789,973 All the external public debt has been unified, including in it what was owed for the guarantee to railways, and also what remained due of the external debt service. The interest to be paid has been lessened and definitely established at the rate of 3-1/2 per cent., and the redemption by the outbidding system has been restored. The internal consolidated debt has also been unified with an interest of 4 per cent., and redeemable at the rate of 1 per per cent., accumulatively and by outbiddings. The external consolidated debt (3-1/2 per cent.) is $90,710,000. The internal unified debt (4 per cent.) is $7,500,000. The international debts, according to treaties with Italy, France and Spain, are $1,987,125. All these debts that will be issued when these lines are published will form, more or less, a total of $104,000,000, mortgage bank warranty debt included. Budget of Expenditure.[1] [1] Whilst the present monography is being printed the Deputy Chamber is studying a new project for the budget, the base of which is the project proposed for the financial year 1891-92, with a diminution of 10 per cent., which would allow the complete payment of the expenditure. The financial year begins on the 1st of July and concludes on the 30th of June of the next year. From the financial year of 1889-90 it has been the anterior budget which has gone on ruling, with a general deduction of 10 per cent., and with some augments and changes in other parts of the budget. A new budget for the financial year 1892-93 is going to be voted, which will consist of the following amounts: