The sun., 1899-09-24

up the external debt at the end of 1898 was
b btanInan asDt. .'.'.............. $SSe0 l8
| aIIehiS ol m,e'eS'' '.....,,,........ pl6Epi
n,sfest ntsSa,hr In
Loan from Argentine National Bank. 92sSt
Loan oaersi lssISdnG Edn1 London ss53S 20,
Unpaid inteTes, to the Paraguayan Cen. '''''''
trail Railway ...........,...... 100000,
Total. ......................$ .$3a. .o15, ,s7s
The internal debt, funded and floating. amounted
in 1899 to $40, ,68l, ,O96 currency. but 81 200 OOC
| Of this represented by the notes in circu
lation. In 1899 the premium on gold was zoe
| per cent, that is TO say one gold dollar was worth
| eight dollars Of Paraguayan currency. The
| revenue of the national government to confront
| the debt charges and tho various administra.
tion expenses was in currency in 1893 IS IT'S $50;
| in 1894 the amount was S48l0 I72 In 1895 IL.
| rose to So l2O PAS; in 1896 again increased to
| S5,s3a S67, rising in 1897 to SO 5SS. .47S and OF
| this amount SO 600 900 was derive from Gus
| toms duties, The expenditure as a rule un.
fortunately exceeds the revenue after the various
charges for debt are allowed for and hence the
administration is in state OF perpetual penury.
In present circumstances it is difficult to sec how
| any substantial increase to revenue is to be OBJ
| taincd as the people too poor to be able to
| sustain any inCrcas eof taxation The existing
debt obligation of nearly SlOO gold per head Of
population is out of all proportion to the resources
Tho co,,e,cioI cnrd,,;o,, =, p.-o,.,,o,. !; ,,,,.
| sorewbe, imnrovin, in con..ouonco ~ ,.o,iors
small amounts of foreign c.nit,l c,,,;r,r q, ~
country I'm rccapt ve.re and olso ou;,er g., ,ha
increased production Of pPrbd mate and cattle
products since tn" country began To recover to
some extent from the disastrous effects Of the
rule Of Lopez and the five years Of warfare he
occasoncd The principal imports are textiles
hardware, wines flour rice, canned goods and
general provisions Tho chief o,nor,s or. ,,c,bo
mate fparapuav,n ,c,I hides tnh,cco ,,n,hor
ORANGES and ninc,nn,cs I.pto-,upn,,,, n, De-
quay tho value ~ ,mno,,s has c,.ro,ou.
exceeded Tint NJ exnor,s NJ ,a,c ,,..,s AVID ,his
condition of affairs has most adyc,,.,y .g.c,,d
the exchange mario, Tho vs,us n i,no,,s
and exports in poid dollars sine. 1903 ha. been.
1895 1895 1897 1898
Imports s2 s6no5o S27s6335 So 2o3 $50 81, 200 900
''Np'''''' I'le''4o' E'o4''"'' e''oi''oo S'"ooooo
Total .S4.'Si ASS s4'S"4''a5 s4.a'a7+2 sA,aooooo
Very little direct trade is done by Paraguay
win the outside world OF Europe or the United
States. exports being consigned to Buenos Ayres
OF Mohev'ueo io1 SAFE aho imported merchandise
o''hs Pu'ShuNeu IN HoSe CohiHercldl centres
aug ,"e ,laue' u Is i'ni'u 'na' % per cent
vi .he ~N''es introduced are OF BRUSH origin
Hf''e wines come from france ana spain In
'ne conuieIrlal returns "l 'he foreign trade oi
"' ON! 'iie s''a' sum "i oooe pu' 'his Is lar from
u'e "ue 'a'ue "' 'he purchases mace oS fara,
quay o' american eo"ns -ill the Kerosene oil
u,e" Ill 'he country Is OF hl'ed states origin
anu WV '''s""pH"" VI Wis niuC'c IL ID! no means
n'i'"' nearly Il" iiehuis throughout 'he rcpuo
Nv o''''e w 'ne"'' VI "'' amps some A'hcii
va" va, ''o'"''e'E III 'He S"ape Oh p.oughs anu u's
"'"s apparatus a''o ~ ooush' 'o' fafaeuayah
use ou' coming from buenos Ayres appears IN
,no ',auc returns as exported 10 the Argentine
i''puo''o' "en "Sa" '''e MUGS "eh' iron iara-
quay III p' H,'u '.'' i"'he' III 'ie mica states
Nv, u"' are ''aN''"cu az coming from Argeh"ha'
! nr 'or,'sh element pfacuca,iy controls 'he com,
,i'''e VI i"'osuay .ou"s' pil'ish' fiehch ana
a''"'' -" "' ms "e' ''"''n''' an" i,n'nnS'
np"''',"S. SWISS anu Germans III 'ne re'a'' "aue'
i ne p''h''pai large investments "' foreign capi-
nL n,, arc as .'Er, i"i'o"s ,-,,.<,
pany . '',H ,''.. D,'"' '''""E o' E, 400 600
BnuSh -ASunci9n Tramway Company 10000
many ~ ' ~ ~ 70 ooo
Belgian Belgian Syndicate for yeIbalcS
@ mrntS ~ ''S NJ" '''''' '"''" m ooo
French Socirte FrancaIs Miscellaneous
ACKNOWLEDGEMENTS ''''''''. 'S'ooo
Total ......................f23 362, 600
Probably half as much more as the registered
capital Of the companies mentioned is invested by
foreigners in private trading, cattle ranching, in
dustral concerns and other undertakings, but Of
this no returns are available few industrial
enterprises exist In Asuncion and other towns for
the manufacture Of soap and candles, and there are
brcwcr's tanncrieS, distilleries and similar fac
tories but they are not OF any great commercial
Importance. especially since the treaty with Brazil
allowing free trade between Paraguay and the Bra
zilian State OF Matto Crosse was denounced
in 1898 and the export Of Paraguay prod
ucts to that market thereby summarly killed.
While the commercial business of Paraguay is not
very large. as has been shown by the returns
quoted, it is, nevertheless on fairly sound basis
and promises to increase to some extent in the
near future especially in the direction of larger
fruit shipments to Argentina and Montevideo
Education is in a most neglected condition In !
Paraguay, Nomnally compulsory education ex- |