THE FINAL BLOW 
The final blow to the financial status of the province 
was the loan raised on the Banco do Brazil of Us. 
300,000,000 (<£20,000 sterling) at an interest of seven per 
cent per annum. The Presidente counted on the receipts 
from the exports as well as on economy in administration 
in order to pay the interest on this sum — a dream which 
soon became impossible to realize. 
It was then attempted to float an internal loan of 
Rs. 200,000,000 (about £13,334 sterling) at an interest 
of six per cent; but, as the Presidente pathetically ended 
his message to the State Congress, “not a single person 
presented himself to subscribe to the loan.” 
The receipts from the export of cattle from Goyaz 
State amounted in 1910 to only Rs. 171,901,000 (or 
£11,460 Is. 4<d. sterling). After all expenses were de¬ 
ducted, the State of Goyaz then showed a deficit of 
Rs. 325,510,743 (£21,700 14s. 4 d. sterling). 
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