AKGENTINE KEPUBLIO. 



Expenditure brought forward $13,297,578 



Army and Navy : 

 Army 4,684,472 



302,781 

 243,556 

 544,000 



166,512 

 239,924 



Navy 



Indians 



Extra appropriations 



Justice, Public Worship, and Public Instruction ; 



Federal judges 



Bishops and churches 



Public instruction 1,601,763 



Observatory 39.140 



Free libraries 22,776 



Foreign Affairs : 



Foreign office 25,716 



Legations, etc., abroad 22,148 



$21,348,366 



The liberal appropriations for public works, 

 public instruction, telegraphs, and the Post- 

 Office Department, as they appear in the first 

 table, are unequivocal signs of the financial 

 prosperity of the country; but it should be 

 observed that the Post-Office and telegraphs 

 are still a heavy item of expense to the Gov- 

 ernment, inasmuch as they cost $867,349, and 

 yield but $310,000. In the high estimated cost 

 of the Post-Office, $610,789, are comprised the 

 new Buenos Ayres Post-Office, and some new 

 offices in the interior. The Central Argentine 

 Eailway dividend on 17,000 shares held by the 

 Government makes up two-thirds of the sum 

 required as guarantee ; but since May, 1872, 

 the line has paid no dividend, although there 

 has been no interruption in the payment of the 

 guarantee. The Kio Cuarto, Gualeguay, and 

 Port Euiz lines are not estimated to do more 

 than cover expenses in 1875. The item light- 

 dues, in the revenue table, is a new tax of six 

 cents per ton for sea-going and one cent per ton 

 for coasting vessels, to be collected commencing 

 from January, 1875. It is presumed that this 

 tax will produce upward of $120,000 per an- 

 num. It is also proposed to derive some $60,- 

 000 from dock-fees, at the rate of ten cents per 

 ton on all merchandise landed at the Boca. 



The interest on the public debt represents 

 more than one-third of the total expenditure ; 

 the army and navy department stands for some- 

 what less than one-fourth, in spite of an in- 

 crease of $22,868, and a proposed appropria- 

 tion of $48,000 for the purchase of army 

 stores ; and the expenses of the foreign depart- 

 ment do not amount to one hundredth of the 

 national outlay, notwithstanding the establish- 

 ment of two new legations, one in Peru and 

 the other in Bolivia. The collection of cus- 

 toms costs 7 per cent. 



The annexed table shows the growth of the 

 revenue in the course of the ten years, 1863-'73, 

 as compared with that of the Chilian revenue : 



The annual salaries of Argentine officials 

 are expressed in the subjoined table : 



Chief of Agricultu- 

 ral Department.. 

 Envoy ext'rdiuary. 



President $20,000 



Vice- President 10,000 



Cabinet minister. . . 9,000 



Sub-secretary 2,500 



Archbishop 5,000 



Bishop 3,500 



Canon 1,100 



FederalJudge 8,500 



Sectional " $3,000 to 6,(iOO 



Brigadier-general... 3,200 



General 3.000 



Senator 3,500 



Deputy 3,500 



Postmaster-general. 3,750 

 Inspector of Tele- 

 graphs 3,750 



Chief of Engineer 



Department 5,000 



$3,000 

 12,000 



Sec'y of legation . . . 3,750 

 Receiver of customs 5,000 



Captain of port 5,000 



Admiral 2,500 



Colonel 2,400 



Lieutenant-colonel. 1,400 



Major 1,000 



Captain 750 



Lieutenant 600 



Rector of National 



College 1,600 



Professor.. $1,050 to 1,350 



Navy-captain 1,200 



Army-surgeon 3,000 



Port doctor. $1,250 to 8,000 



The national debt amounted in January, 

 1874, to $71,031,081.50, comprising two branch- 

 es, namely: the home debt, $20,933,976.50, 

 and the foreign debt, $50,097,105. 



The items of the home debt stood as follows: 



In the course of eleven years interest was 

 paid to the amount of $8,853,924. 



The following table sets forth the elements 

 of the foreign debt : 



London loan of 1826 $8,850.500 



" " of 1865 11.045;500 



" " of 1871 28,443,490 



Foreign claims 1,757,615 



Total $50,097,105 



Notwithstanding this heavy indebtedness 

 little less than $35 for each inhabitant of the 

 republic Argentine stocks, within a very few 

 years, reached par, for the first time it is true, 

 op the London exchange. 



The subjoined table presents a view of the 

 distribution of foreign capital in public debts 

 and joint-stock companies in the Argentine 

 Confederation : 



CENTRAL GOVERNMENT. 



Riestra loan, 1865 ... 2,138,000 



Public works. 1871 5,716,100 



Hard dollar loan, 1872 1 ,224,000 



9,078,100 



BTTENOS AYRES GOVERNMENT. 



Six per cent, loan, 1824 819,400 



Three per cent, loan, 1824 888.200 



Six per cent, loan, 1870 1,001,800 



Six per cent, loan, 1873 2,040,800 



4,750,200 



' ENTRE-BIOS GOVERNMENT. 



Seven per cent, loan, 1872 



SANTA FK GOVERNMENT. 



Seven per cent, loan, 1874 



214,900 



300,000 

 Total amount due on March 1, 1874. . . 14,343,200 



By reference to the table given above of the 

 estimated budget for 1875, it will be observed 

 that of the $23,996,893 of revenue, no less 

 than $22,596,000 are derived from the customs 

 department ; that is to say, from export and 



