Page:Statesman's Year-Book 1899 American Edition.djvu/1336

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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/.