Stamped
Licenses.Paper.Stamps.
1887,$ 783,179$203,143$336,688
1888,888,543253,610379,063
1889,1,180,118283,009452,167
1890,1,219,943301,058485,850
1891,1,001,405220,882414,160
———————————————
Totals,$5,073,188$1,261,702$2,067,928
Annual}
Middle}1,014,637252,340413,585
Term. }

Public Debt.

On the 1st of January, 1891, the public debt was$ 89,848,850
Augmentation of the public debt during the year86,182
——————
$ 89,935,032
Redemption in 18912,145,059
——————
Public debt on the 31st of December, 1891$ 87,789,973

All the external public debt has been unified, including in it what was owed for the guarantee to railways, and also what remained due of the external debt service. The interest to be paid has been lessened and definitely established at the rate of 3½ per cent., and the redemption by the outbidding system has been restored.

The internal consolidated debt has also been unified with an interest of 4 per cent., and redeemable at the rate of 1 per per cent., accumulatively and by outbiddings.

The external consolidated debt (3½ per cent.) is $90,710,000.

The internal unified debt (4 per cent.) is $7,500,000.

The international debts, according to treaties with Italy, France and Spain, are $1,987,125.

All these debts that will be issued when these lines are published will form, more or less, a total of $104,000,000, mortgage bank warranty debt included.

Budget of Expenditure.[1]