213 



been paid, stating the number of kilometres built, the amount of sub- 

 sidy due for the same, and the manner in which the subsidy was 

 paid, that statement being the most complete that has so far been 

 published : 



RSUM. Amount paid in Cash $ 46,896,901 95 



" " Certificates of Construction (convertible 



in five per cent, bonds) 21,711,513 92 



" " Bonds 31,127,00000 



" of Balance due (payable either in cash or Bonds), 8,008,24438 



Total amount of Subsidies, as per corresponding concessions, $107,743,660 25 



The Tehuantepec Railway cost of construction is herein included, in order to 

 give a complete statement of the Government's pecuniary outlay for the construction 

 of railways in the country. As the $13,500,000 amount of the five per cent. Bonds 

 paid on account of the construction of this line to the contractors, McMurdo & Co., 

 represent a gold indebtedness, if reduced at the rate of 24 pence per dollar, the 

 above total cost of railway construction should be increased by an equal amount, say 

 $13,500,000 Mexican currency or a grand total of $121,243,660.25. 



DETAILED STATEMENT OF THE SUBSIDIES PAID BY THE MEXICAN 

 GOVERNMENT TO THE RAILWAY COMPANIES. 



1. MEXICAN RAILWAY. (From Mexico City to Veracruz.) 

 Subsidy as per original concession, $560,000 per annum, during 



25 years, equal to $14,000,000 oo 



Paid previous to October 21, 1890 10,187,315 79 



Balance in favor of the company, on October 



21, 1890, as per special agreement of the 



same date $3,497,878 80 



<)% deduction, for cash payment, according to 



the second clause of said agreement 314,805 41 



Total payment 14,000,000 oo 



2. HIDALGO RAILWAY. (From Mexico City to Pachuca, Hid.) 



Subsidy, $8000, per kilometre, as per concession $1,232,088 oo 



Paid on account thereof in cash $931,296 37 



In 3$ and $% Bonds 300,791 63 



Total payment 1,232,088 oo 



3. VERACRUZ & ALVARADO RAILWAY. (Coast Line between 



the said ports.) 



Subsidy due the Company, $6000 per kilometre, as per con- 

 cession $440,000 oo 



Paid on account thereof, in cash $394,000 oo 



In 3# Bonds 46,000 oo 440,000 oo 



4. MERIDA & PETO RAILWAY. (Between the two named towns, 



State of Yucatan.) 



Subsidy, due the Company, $6000 per kilometre, as per con- 

 cession $648,000 oo 



Paid in cash $577,445 85 



In 3$ Bonds 70,554 15 



Total payment 648,000 oo 



