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
