206 



The Philippiiie Journal of Science 



1913 



considerable sum spent in this direction even after July 24, 1882. 

 Allowing, however, for the general correctness of his figures as 

 regards expenditure which can be authenticated from the account 

 books of the fund and of the meat tax, we may draw up the 

 following balance sheets : 



Carriedo fund, June 30, 189 i. 



Pesos. 



To interest on Carriedo 

 fund prior to Jan- 

 uary 1, 1882 



Carriedo fund in hand, 

 January 1, 1882 



Interest on fund Jan- 

 uary 1, 1882, to June 

 30, 1894 



Receipts, May 1, 1877, 

 to June 30, 1894 



Receipts from Carriedo 



fund 

 Receipts from meat 



tax 



63,482.72 

 411,554.38 



98,204.90 



Expenditure from fund 

 during period of con- 

 struction 



Expenditure, July 24, 

 1882, to June 30, 

 1894 



Balance on hand, June 

 30, 1894 



573,242.00 

 Meat tax, June 30, 189 Jt 

 Pesos. 



681,953.00 



Expenditure during 

 period of construc- 

 tion 



Expenditure, July 24, 

 1882, to June 30, 

 1904 



Balance on hand, June 

 30, 1894 



681,953.00 



(c) Combined funds. 



Pesos. 



573,242.00 

 681,953.00 



1,255,195.00 



Expenditure during 

 period of construc- 

 tion 



Expenditure, July 24, 

 1882, to June 30, 

 1904 



Balance on hand, June 

 30, 1904 



Pesos. 



253,406.00 



192,780.00 

 127,056.00 



573,242.00 



Pesos. 

 290,909.00 



285,845.00 

 105,199.00 



681,953.00 



Pesos. 



544,315.00 



478,625.00 

 232,255.00 



1,255,195.00 



The majority of the board were at one with Del Valle as 

 to the necessity of economy, although pumps and a new deposito 



' This amount was on deposit in the Banco Espaiiol-Filipino, and con- 

 sisted of 114,456 pesos in cash and recoverable notes and 12,600 pesos in 

 bank stock. Twenty-five thousand three hundred three pesos worth of 

 bad debts ("creditos incobrables") have been omitted as an asset. 



*" Cuentas de Carriedo, passim. 



