23. "VERACRUZ & BOCA del RIO RAILWAY." Subsidy acknowledged on 11.504 kilometres at $8000 per kilo metre Paid for, cash. In 3% Bonds... Total payment.... RAILWAY. $92,032 00 $83,000 00 9,032 00 $92,032 00 24. "TULA, ZACUALTIPAN" (State of Hidalgo), and TAMPICO Subsidy on 70.000 kilometres at $8,000 per kilometre.. The whole amount paid for in 5% Bonds, of which $285,000 were outstanding on the 30th of June, 1896. 25. "MATAMOROS IZUCAR" (State of Puebla) and RAILWAY." (On the Pacific coast.) $111,370 62 877,405 87 $988,776 49 Subsidy under contract of March 22d, 1895, on 40 kilometres.. Total payment.. 26. "LOWER CALIFORNIA RAILWAY."-(From the town of San Quintin to a point on the "Mexican Central," Chihuahua.) Subsidy on 20 kilometres, payable in 6% Bonds at the rate of $8000 per kilometre, the said Bonds, afterwards converted in conformity with the corresponding law of conversion, were taken by the Company under 10% discount off their $177.777 77 27. "MONTE ALTO RAILWAY."-(Starts from the town of Tlalnepantla, on the Salto branch of the "Mexican National," towards Alizapan and Villa del Carbon.) Subsidy on 10 kilometres at $6000 per kilometre, payable in 6% Bonds taken by the Company at the rate of 90% of their face value..... $66,666 66 28. TEHUANTEPEC R. R.-(Between Coatzacoalcos on the Gulf of Mexico, and Salina Cruz, on the Pacific coast.) I. COSTS OF CONSTRUCTION TO THE MEXICAN GOVERNMENT. CONTRACTORS, Edward LEARNED & Co.-(Contract of June 2d, 1879.) The Learned contract was rescinded by $187,500 00 2. CONTRACTOR, MR. DELPIN SANCHEZ.-(Agreement of October 5th, 1882.) This contractor received from the Govern $1,892,913 82 3. MAC-MURDO Contract.—(Agreement approved by Decree of October 15th, 1888.) 4. For the completion of the construction and the furnishing of all the rolling material, etc., and for which the Contractors received in payment in 5% Bonds, special issue, principal and interests payable in sterling currency, £2,700,000,... ... This contract was rescinded on the 13th of January, 1892, STANHOPE, HAMPSON & CORTHEL CONTRACT.—(Made under Decree of December 6th, 1893.) For the construction of 59 kilometres and the completion of all the necessary works for the preservation and $13,500,000 00 working of the whole line, for the fixed sum of,...... $1,483,035 00 Total cost of the line... $19,181,173 72 PUBLIC DEBT. In the first part of this paper I gave a brief statement of the different loans and liabilities which constitute the Mexican debt, and that statement will make it easy to understand the different issues and denominations of our bonds. Here I append a detailed statement of the National Debt of Mexico, up to June 30, 1896, submitted to Congress by the Secretary of the Treasury on the 14th of December, 1896, and a further statement containing the same data in a more concise form. STATEMENT OF THE NATIONAL DEBT OF MEXICO TO JUNE 30, 1896. Bonded Debt, Principal and Interest payable in Ster ling currency. Six per cent. interest bearing Bonds for the Loan of 1888, Total amount of outstanding Bonds, payable Bonded Debt, Principal and Interest payable in Mexi- Three per cent. interest bearing Bonds of the Interior $51,908,786 50 30,068,710 25 15,325,561 50 13,500,000 00 $52,464,927 60 19,995,689 48 987,127 15 Total 9,792,865 75 83,240,609 98 219 17 Railway Construction Certificates, pending of conversion, Capital... Balance-certificates corresponding to the fiscal years Total amount of bonded debt, payable in Mexi- Grand Total of Bonded Liabilities.. Liabilities from various sources, and in forms, other than Bonds, payable in Mexican Silver currency. To Railway, Harbor Works and Drainage of the Valley of Mexico, Contractors..... To Unpaid for Appropriations in the Budgets for the fiscal years between 1891 and 1896.... To other credits pending of settlement: on account of To Balances in Account-current due various Contractors 329,221 91 $110,937,211 37 To provisional certificates issued on account of the 1888, 1890 and 1893, Sterling Loans... 3,738,684 12 To cash or other values pending of classification in the corresponding accounts.. 74,434 57 To cash Receipts on account of credits, other than fiscal and pending of payment to the corresponding offices. To Balance due to Mint-Lessees... To outstanding Bills Payable... Total Amount of Liabilities from various POST-OFFICE AND TELEGRAPH SERVICE. I append a statement containing the number of post-offices, and postal agencies in each of the Mexican states in 1895, and the number of postal pieces transported by Mexican mails from the years 1878-1879 to 1894-1895. (See page 225.). I have prepared a statement of the earnings and expenditures of the post-office and telegraph services in Mexico during the twentyseven fiscal years elapsed from July 1, 1869, to June 30, 1896. It was not possible to obtain full data of the earnings of the telegraph lines during the first ten years of that period, on account of the defective way in which the books were kept by the Federal Treasury of Mexico. With that exception the data embraced in the following statement is correct, as it has been taken from the official accounts. (See p. 224.) |