1 9 o 



Statistical IRotes on 



the total export of silver, while in the fiscal year 1895-1896 it repre- 

 sented 20 per cent. 



The export of silver ore only began in the fiscal year 1886-1887. 



EXPORTS OF SILVER FROM JULY 1ST, 1872, TO JUNE 3OTH, 1896. 



MEXICAN GOLD EXPORTS. 



Our production of gold used to be very small for reasons already 

 given, but the present high price of that metal is increasing consider- 

 ably our output of the same. 



The exports of gold from Mexico in the fiscal year ended June 30, 

 1896, amounted to $5,800,000, as declared by the Mexican Bureau of 

 Statistics, but even this statement is not correct, as it needs the follow- 

 ing additions, shown by experience and reliable authorities : about 

 15 per cent, for gold exports made without any return, 2 per cent, for 

 undervaluation, 0.5 per cent, used in the arts in Mexico, i per cent., 

 possibly more now, with the increasing prosperity of the country, re- 

 tained in the banks, 2 per cent, in circulation, making a total of 20.5 

 per cent, to be added to the official return, which brings up the produc- 



