Its amount has been during the three following periods:

1882, $ 9,095,409 1883, 10,928,639 1884-1885 (economical year), 12,373,688 ----------- Total, $32,397,736

The Oriental Republic of Uruguay at the World's Columbian Exhibition, Chicago, 1893 — Part 50

1885-1886 (economical year), $11,719,692 1886-1887 " " 12,704,832 1887-1888 " " 13,668,096 ----------- Total, $38,092,620

The Oriental Republic of Uruguay at the World's Columbian Exhibition, Chicago, 1893 — Part 50

1888-1889 (economical year), $15,690,293 1889-1890 " " 17,415,154 1890-1891 " " 14,925,363 ----------- Total, $48,030,810

The Oriental Republic of Uruguay at the World's Columbian Exhibition, Chicago, 1893 — Part 50

The increase during the second period, if compared with the first one is: $5,694,884, and the increase of the third period compared with the second one is: $9,938,190.

They are the principal revenue of the Republic. From the year 1882 to the year 1891, the product of the custom duties, calculated by periods of five years each, has been:

1882, $5,501,360 1883, 6,968,321 1884, 7,749,438 1885, 7,731,264 1886, 6,803,761 ----------- Total, $34,754,144

1887, $ 8,671,243 1888, 8,845,776 1889, 10,786,602 1890, 9,848,735 1891, 8,648,509 ----------- Total $46,800,865

The increase of the second period, if compared with the first one, has been: $12,046,721.

The licenses for trade houses, shops, etc., stamped paper and stamps have produced during the period 1887-1891:

1887, $ 783,179 $203,143 $336,688 1888, 888,543 253,610 379,063 1889, 1,180,118 283,009 452,167 1890, 1,219,943 301,058 485,850 1891, 1,001,405 220,882 414,160 ---------- ---------- ---------- Totals, $5,073,188 $1,261,702 $2,067,928

Annual} Middle} 1,014,637 252,340 413,585 Term. }

On the 1st of January, 1891, the public debt was $ 89,848,850 Augmentation of the public debt during the year 86,182 ------------ $ 89,935,032 Redemption in 1891 2,145,059 ------------ Public debt on the 31st of December, 1891 $ 87,789,973

All the external public debt has been unified, including in it what was owed for the guarantee to railways, and also what remained due of the external debt service. The interest to be paid has been lessened and definitely established at the rate of 3-1/2 per cent., and the redemption by the outbidding system has been restored.

The internal consolidated debt has also been unified with an interest of 4 per cent., and redeemable at the rate of 1 per per cent., accumulatively and by outbiddings.

The external consolidated debt (3-1/2 per cent.) is $90,710,000.