110 



ANALYSIS OF MEXICAN DEBT. 



ruin and that the government may be sufficiently strong and en- 

 during to carry it into effect. 



Analysis of National Debt and Resources, 1850. 

 1st. The Foreign Debt. 



The foreign debt of Mexico, or the liability of the 

 national treasury to citizens or subjects of other 

 countries, according to the statement made and ap- 

 proved by the meeting of bondholders in London on 

 the 24th of June, 1846, was .£10,241,650, or, in 

 Mexican currency, at $5 the £, to . . $51,208,250 



This capital, according to agreement with the bond- 

 holders, bears an annual interest of 5 per cent, 

 from the 1st of July, 1846, which amounts yearly 

 to $2,560,412, and, up to the 1st July, 1849, — to 

 the sum of . . ... . . . 7,681,237 



Total foreign debt to 1st July, 1849, . . $58,889,487 

 2d. Home Debt. 



The debt, the liquidation of which is founded upon an 

 assignment of 26 per cent, of the income from mer- 

 cantile duties, amounts to .... $15,030,466 

 Interest on this sum to 1st July, 1849, . . 2,745,947 

 Debt created for the redemption of the old copper cur- 

 rency of Mexico, 2,083,205 



Interest, due to 1st July, 1849, .... 574,992 



Due for indemnities, credits and contracts, . . 3,500,000 



Due to civil and military employees and pensioners, . 25,000,000 



Total home debt, 1st July, 1849, . . $48,934,610 



3d. Debt before National Independence. 



National debt anterior to independence, interest to ) AA1 noo 

 1st July, 1849, ^$41,983,096 



Summary. 



1. Foreign debt, $58,889,487 



2. Home debt, . . . . . . . 48,934,610 



3. Debt prior to independence, .... 41,983,096 



Total debt of Mexico, $149,807,1 93 



The annual interest on which, at 6 per cent, is $8,988,431 



