BRAZIL. 



79 



The navy of the empire consists of 19 iron- 

 i-l I steamers, 1 steam-frigate, 8 steam-cor- 

 steam-gun boats, 7 steam-transports, 

 and 8 sail-of-the-line ; the total armament is 

 280 guns, and the aggregate horse-power of 

 the steamers 12,027. There were, besides, one 

 s( -hind-ship, and one brig for midshipmen, both 

 without armament ; in process of construc- 

 tion, 1 stoiuii iron-clad, and 4 steam -corvettes. 

 Tin ro were in the navy 15 general staff of- 

 ficers, 888 first-class. and 159 second-class of- 

 ficers, a sanitary corps 65 strong, 24 almo'ners, 

 215 accountants, 78 guardians, 38 engineers, 

 8,000 imperial marines, a naval battalion 913 

 strong, and 8,400 apprentices total, 7,813. 



Brazil is one of the few nations whose reve- 

 nue persistently increases, it might be said, 

 spite of all circumstances. The subjoined ta- 

 !>los show the branches and amounts of the 

 national revenue and expenditures for the fiscal 

 year commencing July 1, 1873, and ending June 

 30, 1874: 



REVENCK. 



Custom-house $86,826,086 



Shipping duties 289,987 



Railways 8,087,991 



Post-c Mlice 448,873 



Telegraphs 61,469 



Stamp-duties 2,094,745 



Mutation duties 2,804,818 



Taxes on industries, trade, etc 1,685,819 



Income-tax. 89,819 



Real-estate tax 1,204,864 



Licenses 263,924 



Lottery-tax 826,080 



Mines 21,662 



Receipts extraordinary 890,818 



Deposits 1,178,702 



Slave liberation fond 681,125 



Sundries 768,877 



Total $52.504,639 



From the provinces 11,756,078 



Municipal receipts 2,275,959 



Total revenue $66.5X6,676 



Estimated revenue for same year 51,666,944 



Surplus $14,869,782 



EXPENDITUBE. 



Ministry of the Interior $8.782.219 



Ministry of Jus'lee 2,436,563 



Ministry of Foreign Affairs 582,855 



Ministry of the Navy 9,994,147 



Ministry of War 9,699,015 



Ministry of Finance 21,248,901 



Ministry of Commerce 18,049,207 



Total $(50.742.912 



Estimated expenditure for same year 45,831,870 



Deficit $15,411,542 



In the estimated budget for 1876- 1 76, the revenue 



figures at $64.775,405 



The expenditure at 60,511,158 



Surplus $4,264,247 



The budget for the year 1875-'76 exhibits 

 the estimated revenue at $64,775,405, and the 

 expenditure at $60,511,158, leaving a surplus 

 of $4,264,247. 



The entire national debt amounted, in June, 

 1876, to $360,067,170, in the following manner: 



Foreign debt 19,816.400 



Home funded 2!>,000.000 



Floating debt 



Brazil has seven loans (all at Rothschild's) 

 in London, which amounted in January, 1876, 

 to the following sums : 



1852 4+ per cents 1,210,000, emitted ut 95 



870,000, 



775,000, 

 2.600,000, 

 6,164,200, 



6,801,200, 



Total 19,815,400 



or $990,077,000 



M 



H 

 M 



ToUl 72.018.484 



or $360,067,170 



The original amount of the above seven 

 loans reached 23,222,000 ($116,110,000), 

 showing that 8,406,600 ($17,033,000) has 

 already been redeemed. 



The home debt is made up as follows: 



Government stocks, fours, fives, and sixes. 26,000,000 



Gold bonds, 6 per cent 8,000,000 



Government notes and Treasury bills 20,000,000 



Orphan-fund, etc 8,200,000 



Total 52,200.000 



or $261,000,000 



The six per cents are always above par, and 

 these include almost the whole funded debt; 

 6 per cents only amount to 220,000 ($1,- 

 100,000), and 4 per cents to 12,000 ($60,000). 

 About 84 per cent, of the home debt is held in 

 Rio Janeiro, 3 per cent, in Bahia, and 12 per 

 cent, in foreign countries say : 



In Brazil (Rio and Bahia) 25,200,000 



In England 2.100,000 



In other countries 1,700,000 



Total 29,000,000 



or $146,000,000 



The credit of Brazil on the London market 

 ranks almost on a level with that of France, 

 her 5 per cent, stock being usually near par. 

 The home paper-money debt and Treasury bills 

 do not include quite $20,000,000 of bank-notes 

 not guaranteed by the state. 



The Government paper-money of Brazil was 

 only $85,000,000 before the Paraguayan War; , 

 but it rose to $110,000,000 in 1869; since then' 

 it has been reduced every year, being, in June, 

 1876, about $99,000,000, including Treasury 

 bills. Besides the Government paper-money, 

 three banks have the right of emission, viz. : 

 the Bank of Brazil $16,500,000, including $3,- 

 350,000 at the branches of Pernambuco, Bahia, 

 Sao Paulo, Minas, Maranhao, Para, and Rio 

 Grande do Sul. 



The Bank of Bahia emits $800,000, and that 

 of Maranhao $135,000; which, added to the 

 sum for the Bank of Brazil, make up a tott4? 

 of $1,933,500 in bank emission. 



No more recent returns of the commerce of 

 Brazil have been published than those given in 

 the ANNUAL CYCLOPAEDIA for 1875; but, in the 

 absence of new general tables, it may not be 

 uninteresting to insert here a few statistical 

 details relative to the chief articles of export 

 from the empire. 



Coffee. This staple alone, which is cultivated 

 from the Amazon southward to the province 

 of Sao Paulo, and from the shores of the At- 

 lantic westward to the most westerly limits of 



