94 



BRAZIL. 



Sao Paulo 



Parana 



Santa Catharina. . 

 Rio Grande do Sul 

 Minas-Gerses.. . 



Goyaz 



Matto-Grosso 



Municipio da Corte. 



Milreis. 



250,000 

 1< ,000 

 15,000 



100,000 



450,000 

 10,000 

 10,000 



115,000 



2,000,000 



debt, at 1,000,000,000 milreis on June 14, 1886, 

 in his speech before the Chamber of Deputies. 

 He remarked that the railroads alone cost the 

 state 18,000,000 per annum ; that he was not 

 opposed to railways, but the Government ought 

 to stop building them; and that it is a mistake 

 to believe that all the lines are good invest- 

 ments. He alluded to the two new internal 

 taxes proposed to be levied in future, the one 

 on home-made alcoholic beverages, and the 

 salt tax. The former, he remarked, is just, 

 for it will protect genuine native wines against 

 adulterated ones manufactured in the country, 

 and the salt- tax the consumer will hardly feel. 

 The 2,000,000 milreis emancipation fund was 

 distributed as follows : 



Milreis. 



Para 50,000 



Maranhao 100,000 



Piauhy 80,000 



Rio Grande do Norte. 10,000 



Parahyba 40,000 



Pernambuco 180,000 



Magoafl 40,000 



Senripe 40,000 



Bahia 180.000 



Espirito Santo 20,000 



Rio de Janeiro 450,000 



The English Bank of Eio de Janeiro de- 

 clared, for the second half of its business year 

 ended June 30, a dividend of 5 per cent., mak- 

 ing the total dividend declared for the six 

 months 9 per cent. The Banco do Commer- 

 cio, with a paid-in capital of 6,750,000 milreis, 

 made a protit during the twelvemonth ended 

 June 30 of 1,041,329 milreis, or 168,179 milreis 

 more than in 1884-'85. The Banco Industrial 

 e Mercantil made a profit of 1,120,456 milreis, 

 being 2,257 milreis more than in 1884-'85. 



At the meeting of shareholders of the Banco 

 do Brazil, held at Kio on Sept. 21, 1886, the 

 board of directors reported for the business 

 year 1885-'86 a net profit of 7,442,271 milreis. 

 The reserve fund was at the same time repre- 

 sented by the sum of 6,364,565 milreis, and 

 profits held in suspense in the portfolio of 

 mortgages 2,463,368, constituting a total thus 

 held of 8,827,933 milreis. 



Custom -House Storage. There has been so 

 much complaint on the part of importers at 

 Kio about the excessively high storage rates, 

 which were one half of 1 per cent, a month on 

 the value of merchandise, that the Govern- 

 ment proposes to adopt the ensuing rates in- 

 stead : Up to two months, 0'5 per cent. ; up to 

 four months, 1 per cent. ; up to six months, 1| 

 per cent. ; and for a period exceeding six 

 months, 2 per cent, a month. 



Revenue Reforms. The new taxes to be levied 

 are to be 10 reis the litre on salt, and an excise 

 of 50 reis the litre imposed on alcoholic bever- 

 ages made and consumed in Brazil, with the 

 exception of natural wines. The stamp-duties 

 are to be revised. The Government is also 

 empowered to revise the import tariff, altering 

 the classifications and valuations and the rates 

 on articles competing with those manufactured 

 in Brazil, at the same time reducing the rate 

 on articles employed as raw material by the 



home manufacturers. The free list is to be 

 curtailed, and, as the 5 per cent, sur-tax on all 

 import duties levied since July 1, 1886, for the 

 emancipation fund was to be turned over to 

 general revenue, the 60 per cent, additional 

 taxes or sur-taxes are to be incorporated with 

 the duty rate, so that the present 10 per cent, 

 class will become 16 per cent., the 20 per cent. 

 32 per cent., the 30 per cent. 48 per cent., and 

 the 40 per cent. 64 per cent. 



Commerce. The following table exhibits the 

 foreign trade of Brazil, expressed in milreis: 



The so-called trade balance for 1884-'85, it 

 will be seen, shows a notable improvement. 

 The recent coastwise -trade has been as fol- 

 lows: 



IMPORTS AND EXPORTS. Milreis 



1881-82 15,254,400 



1S82- 1 83 189,497,100 



1883-'84 181,350,900 



ls84-'85 120,426,527 



Average 137,382,232 



The decrease in coastwise-trade is due on 

 the one hand to the increase of railroad-traffic, 

 and on the other to the decline in value of Bra- 

 zilian products. 



The coffee exports for the year ended June 

 30 have been as follow : 



Shipments of sugar from Pernambuco com- 

 pare as follow : 



The sugar shipments from Maceio during the 

 twelvemonth ended June 30, 1885, were 523,- 

 689 bags. During the year ended June 30, 

 1886, they were: to Liverpool, 56,689 bags; 

 the United States, 90,828 bags; coastwise, 

 9,309 bags total, 156,826 bags. 



The cotton shipments from Pernambuco 

 compared as follow : 



