980
SALVADOR
Finance.
The following are the official figures of the revenue and ex|»enditure for five years : —
—
1890
1891
1892
1893
1894
Revpiiuo .... Expenditure . . .
Dollars
4,151,457 5,442,315
Dollars 7,454,418 7,447,828
Dollars 6,895,703 6,784,529
Dollars
7,133,000 7,153,000
Dollars
8,818,000 8,569,000
For 1896 the estimated revenue was 10,174,000 dollars, and expenditure 9,745,000 dollars. The chief sources of revenue were import duties, 5,144,000 dollars; and brandy excise, 2,524,000 dollars. The expenditure comprised the Finance Ministry, 2,845,000 dollars ; War, 1,908,000 dollars; Interior, 1,487,000 dollars ; Public Works, 1,417,000 dollars.
In March, 1896, the internal debt was put at 8,000,000 dollars, and the external debt at 254,000Z. sterling. The London Works Company, Limited, has undertaken the annortisation of the external debt.
Production and Commerce.
The population of Salvador is largely engaged in agriculture. The chief produce is : — Coffee, indigo, sugar, tobacco. The mineral wealth of the Republic includes gold, silver, copper, iron, mercury. The mines and quarries in operation number 180.
The imports subject to duty and exports have been as follows for five years : —
— 1892
1893
1894
1895
1896
Dollars Imports . . 2,320,941 Exports . . , 6,838,259
Dollars 1,853,996 7,511,068
Dollars 2,171,000 6,611,000
Dollars
2,890,739
13,847,625
Dollars 3,347,718 7,485,384
The trade is chiefly with the United States, Great Britain, Germany and France. In 1896 the chief imports Avere cottons, 961,554 pesos; spirits, 371,205 ; iron goods, 183,616 ; flour, 132,438 ; silk goods and yarn, 142,389 ; coin, 119,199. The chief exports were coff'ee, 5,857,646 pesos (in 1895, 11,754,795 pesos); tobacco, 274,268; indigo, 979,990; balsams, 92,659; coin, 187,688.
The trade of the United Kingdom with Salvador (according to the Board of Triide Returns) in five years was : —
—
1893
1894
1895
1896
1897
Imports into U.K. from Salvador .
Exports of British pro- duce to Salvador
£ 240,336 162,992
£ £ 166,674 203,319 278,265 418,318
£ 160,408 386,107
£ 154,589 262,274
In 1897 the imports into the United Kingdom from Salvador included :- Coffee, 100,023/. ; dye-stuffs, 53,636Z, Among the exports to Salvador were :- Cottons, 141,522/. ; cotton yarn, 5,190/. ; iron, 38,399/. ; woollens, 17,745/.
