Page:Mexico, Aztec, Spanish and Republican, Vol 2.djvu/136

ruin and that the government may be sufficiently strong and enduring to carry it into effect.

Analysis of National Debt and Resources, 1850.
1st. The Foreign Debt.
The foreign debt of Mexico, or the liability of the national treasury to citizens or subjects of other countries, according to the statement made and approved by the meeting of bondholders in London on the 24th of June, 1846, was £10,241,650, or, in Mexican currency, at $5 the £, to		$51,208,250
This capital, according to agreement with the bondholders, bears an annual interest of 5 per cent, from the 1st of July, 1846, which amounts yearly to $2,560,412, and, up to the 1st July, 1849,—to the sum of		7,681,237
		——————
Total foreign debt to 1st July, 1849,		$58,889,487
2d. Home Debt.
The debt, the liquidation of which is founded upon an assignment of 26 per cent, of the income from mercantile duties, amounts to		$15,030,466
Interest on this sum to 1st July, 1849,		2,745,947
Debt created for the redemption of the old copper currency of Mexico,		2,083,205
Interest due to 1st July, 1849,		574,992
Due for indemnities, credits and contracts,		3,500,000
Due to civil and military employées and pensioners,		25,000,000
		——————
Total home debt, 1st July, 1849,		$48,934,610
3d. Debt before National Independence.
National debt anterior to independence, interest to 1st July, 1849,	$\scriptstyle {\left.{\begin{matrix}\ \end{matrix}}\right\}\,}$	$41,983,096
Summary.
1. Foreign debt,		$58,889,487
2. Home debt,		48,934,610
3. Debt prior to independence,		41,983,096
		——————
Total debt of Mexico,		$149,807,193
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The annual interest on which, at 6 per cent, is		$8,988,431