290 MEXICO. is upon this supposition, that the fact of Mexico having ever yet had a surplus revenue, of one single dollar depends. Take for instance the actual expenditure, as given by the Finance Report . . 13,363,098 dollars And the actual Net Receipts . 11,389,698 There will be a deficit of , 1,973,400 Add to the receipts one tenth, in lieu of one fifth, (as assumed by Mr. Esteva,) and there will still be a deficit of nearly one million, viz. : Dollars. Expenditure . 13,363,098 Receipts . 11,389,698) ^9K9ia^K One tenth . 1,138,969 1 " ' l^'528,b75 Deficit . 834,423 Add a seventh even, and still there is a deficit of 346,296 dollars. It is, therefore, upon the fact of the produce of the last two months having been equal, or very nearly so, to the average of the other ten, that Mr. Esteva's whole calculation turns ; and this, from what I have stated, must, I fear, appear very doubtful. Besides, it must not be forgotten, that while the receipts (upon paper) have been carried as high as possible, in order to produce the favourable result given by Mr. Esteva's Re- port, the estimates of the War Department were reduced con- siderably below the lowest estimate given for the year by the Minister of War, in the Report of which the third Section of this Book contains an analysis. The expenses of the Army and Navy, were there calcu- lated at 10,378,678 dollars; while JNIr. Esteva gives only 7,7375233 dollars; thus assuming as ejjective in 1827, the reductions Avhich are pointed out as probable in 1828, and for which the expense of the squadron under Commodore
