The daily Alaska citizen., 1919-12-11
MEXICO CLAIMS
 RELAXATION IN
 NATIONS MONEY

. Cabrera. secretary of the Mexican l treasury. discussing the economic 1 conditions in Mexico in It- annual report to congress, details of which . have reached Washington thru official channels, declares that there is no reason for Extraordinary optimism or for black pessimism." He ostl- mates the revenue for the year 1919 at 1f93Sto00 pesos. aItho Carranza. l in his message to congress Sept. I. 1919 estimated it at 162 100000 passing l his estimate on the returns for the 1 ten months from September, 1918 to June of this year. The revenue for l 1920 is estimated at 1G-000. GOO pesos
 In submitting this report to the l house of deputies, Secretary Cabrera says that while the difficulties cN- l perienced by the federal treasury 1 due to causes well known 10 all, are 1 far from having disappeared. un- mistakable signs of Improvement have been noted in many aspects of the 1 economic conditions of the nation and hence in the financial situation of the federal government" He ad- mits that Mexico was formerly and still is dependent upon foreign capf- taL in discussing conditions in all so-caIled. young nations" of the world which, he says. have ex- pcrienced the suspension of the in- huX of capital from countries eco nomicaly stronger" and exerting vigorous efforts to be self-support- ing"
 Effects of both these influences have been felt in Mexico. he says, and will continue to be felt. in part at least. during 1920. The report conresses that "our economic life was based formerly on a continuous stream of capital from abroad, this resource not being open to us at present. except in a very limited way
 Secretary Cabrera says the imports for the first four months of the year amounted to 7S,0OO.O0o pesos. as against 54O0O00O, in the correspond ing period last year The exports show decrease from 122,230,oO0 from the first four months of 1918 to 108,50O,O00 for the corresponding period this year Mexican experts point out that this means that the balance of trade was so favorable to Mexico because of the crying need yt the world for raw products which to a large extent stin exists thru the reconstruction days following the war, but that Mexico is unable to take ad- vantage of these conditions because
 Z the serious situation within her borders.
 The report caused some disappont- ment because it did not indicate what steps will be taken to meet the currency situation resulting from the increase in the price of silver. The subsidiary coinage, which under the best conditions was never great ill Mexico, is now leaving the country rapidly. Construction suggestions the treasury to meet this great fin ancial problem confronting the gov ! ernment.
 Secretary Cabrera regrets that il 1 has not been possible to resume pay ment of the public debt service but explains this by the statement thal
 Juntries that have gone thru sucu an upheaVal as Mexico has experience ed in the last ten years have often been in a more critical condition. year at 40,0O0,0OO pesos as against | 25,00O,000 last year; export dues at | 5000 900 as against 14,000,0 ,000 last 1 year, the loss being due, it is be- leyed, to plans for reducing export | duties, considered economically uu- | sound, to encourage industry anu at 16,000,000 as against 13,0OO,0OO last year; and the federal taxes at l 32,000 O00 as against 31,000,0OO last l year. No mention is made Of the 1 revenues derived from foreign and domestic properties seized by the CaIlanza government aItho last year they gave 1,50O,000 pesos to the gov ment. The oil tax is given at 12,- ! OOO,0OO pesos, the same as last year, altho the American companies paid l3,O00000 pesos in ten months of last year
 1t is pointed out in the adyices ] from Mexico City that, these are merely estimates, as statistics are not available on which to base an accurate statement as to the real returns. It is probable that it will | be some time before such statistics are arailal le but President Carranl in his message to congress last month admitted for the first time that the deficit for 1917 was 350O0,OOO pesos and for 1918, 18,OO0, 900 pesos. It is also pointed out, as an example ] Ot the untruStWOrthineSS of Mexican