114 



CHILI. 



of gold and silver bullion in 1872 were a* 

 followi : 8,434 kilo* of gold, amounting to 

 ti.44S.150; and 85,708,883 do. of silver, ..! 

 th value of $1,089,887.73 ; total, $3,687,4: 

 The coinage in 1873 WM as follows: $2,348,- 

 107 in $10 gold coins; $114,750 in $5 do.; 

 $794,704 in $1 silver do.; $62,100 in 5" 

 do. ; $895,883.30 in SO-cent do. ; $28,709.10 

 in 10-cent do. ; $14.818 in 5-cent do. ; $4, 1 U. 

 18 in 2-ront nickel do. ; $6,895.89 in 1-ivnt 

 do. do. ; $12,531.97 in f-oent do. The price 

 the mint pays for gold is $715 per kilogramme, 

 and $42.38 for silver. 



The Santiago mint commenced coining about 

 $3,000,000 worth of coins for IVni in April, 

 and about $1,000,000 worth for Ecuador. 



In September silver and gold bullion were 

 purchased to the amount of $384,887.80; the 

 value of the gold was $371,607.91, and included 

 a remittance of 60,000 on account of the loan. 

 The coinage in September was $267,409.34, as 

 follows: $10 gold coins, $139.710; $5 do., 

 $38,905; $2 do., $70,272; 20-cent silver do., 

 $16,897; 2-cent nickel, $1,645.20; and 1-cent 

 UM.14. 



A bronze coinage to the extent of $100,000 



.- - . :, ; . '.. :--: !. 



The prices of soim commmodities at the 

 mines of Caracoles are suggestive at once of 

 insufficient supplies and li'uii freights; gun 

 powder U selling at $38 per quintal ; sugar, 

 $27, and bread, $20; lard brings $40; grease, 

 $30, and steel for tools, $28 to $30. 



The London, Mexico, and South American 

 Banking Company were to establish, in July, a 

 branch at Valparaiso, with a capital of 50,000. 



A fusion of the Sud-Americano Bank and 

 the Bank of Valparaiso was in contemplation 

 in October. The nominal capital of the new 

 establishment would be $20,500,000. 



The following bills wore sanctioned by the 

 Council of State, January 2, 1873: the San 

 Felipe Railway ; exemption of import duties 

 on materials required for the Caldera and 

 Lota Telegraph ; the reform of the 54th clause 

 cif the C<intitiitin; the Totoralillo A- Higuera 

 Railway ; issue of bonds for the purchase of a 

 site for and the erection of a Lyceum at Val- 

 paraiso; and to declare as of public utility the 

 lands required by the Valparaiso Water Com- 



; . : v 



The qnention of boundaries between Chili 

 and Bolivia was finally settled by a treaty under 

 date La Pas, December 6, 1872. .-ml MM of 

 the more important articles wo here transcribe : 



AcnrLi I. The aastcrn limit* of Cliill, men- 

 tioned ID Article I. of the Boundary Treaty of 18M, 

 r htnbydMlsnd to both- high. . summit* of the 

 , and therefore the dividing line between 

 ChlUandBMiTla in the twenty-fourth degreeoi 

 UtltwU from the Pacific Ocean to the summit of tho 

 '. 



AT. II. In order to determine by means of vii- 

 M* marks the ettoation of the inln'-n n.l or. 



. -n participn' 



<lu:i- within the twentv-third and 

 Ifth <Ucr*ea, each party will appoint a 

 to dt ;rmlne said place*. 



Ar. III. The participation in tbe export duties is 

 hereby declared to comprise ores properly ao called, 

 a* well a* inorganic substances that come un<! 

 general designation of ores in the .. 



AET. IV. For the working of guano depo.-r 

 ready discovered, or that may hereafter b< 

 within the tone determined in Art. II. ut'this protp- 

 Governments of Chili and of Bolivia will 

 form, by mutual consent, the respective rules and 

 ions in order to derive the greatest possible 

 profit from the system of working. 



AKT. VI. The inspector of customs at Mejillones, 

 in conjunction with the chief of the Chilian commis- 

 sion there established, will proceed to balance, liqui- 

 date and pay all accounts, and collect the duties of 

 other custom-houses established within tlic twenty- 

 third degree, and, this done, the Qorernment <>i' Ho- 

 livia will pay over to that of Chili half of the export 

 - on ores arising from its custom-houses up to 

 the date of liquidation. 



After liquidation, every two months the Mejillones 

 i-house will pay over t the fiscal agent of 

 Chili his corresponding share of the profits. 



AHT. VII. By common agreement the two gov- 

 ernments will fix the tariff of duties on bullion and 

 ores of every il<-M-ription exported from the zone 

 determined iii Artidi' II., and no one will be per- 

 mitted to alter or modify the tariff except by com- 

 mon consent and agreement. 



Ant. VIII. As for the guano and ores of every 

 'lion obtained from the territories situated 

 north of the twenty-third degree, nnd exported 

 through the custom-houses established within said 

 degree, the Bolivian Government will keep u sepa- 

 rate account of tho duties levied upon them within 

 it* territory, and tho fiscal commissioner of Chili at 

 If ejUlon** will have no right whatever to interfere 

 with this account. 



Chili will enjoy the snme rizlit in respect to the 

 products obtained south of tho twenty-fifth d 

 and exported through custom-houses eatabl 

 north of oaid degree. 



ART. IX. The two government^ airec to continue 

 negotiating in a friendly manner, witn a view to tho 

 Hi and abrogation of tl. August 10, 



ISM, substituting in lieu thereof another, better cal- 

 culated to promote tho mutual mterc-t of the. two 

 repnbUaa, in order to obviate all rau-. - of fu- 

 ture dispute, nn 1 on tli "f tho 

 . -fourth degree, and the highest summits of 

 the Andes. 



In the liquidations above mentioned, allow- 

 \ ill always be made for the amount of 

 the salaries of the government employes ne- 

 cessary for the proper administration of tho 

 territory referred to in Article II. 



A lull was present^. 1 to Cmiirress authoriz- 

 ing the President of Chili to apply two hun- 

 dred ami fifty thousand dollars toward erect- 

 ing a building to be appropriated to general 

 and national exhibitions. 



In consideration of the eminent services of 

 Admiral Thomas Cochrano. tin-re lia- 

 irranted as a free gift to his grand-oil. Lord 

 !:is <'.ichr:in<>, a section of two thousand 

 res (five thousand acres) of arable land, 

 situated in the province of Ar.mco, in such 

 locality us (tovernment mi'.'h: d 



The'Ministcr of Public Instrn d. in 



'. r, :\ decree to the eU'ect that religions 

 te.'ichin!! should not beoblipitory, except when 

 expressly desired by jiMi'i-nt-i. 



A new ji'-tul code, sulimitted in tho same 

 month for the approval of the Congress will 

 bring about a complete revolution in criminal 



