Part 8 (2/2)
Spain 10.5 2.9 Great Britain 7.1 8.7 China 4.6 6.8 Germany 1.9 --- Saigon .9 --- United States .7 7.4 France .7 1.2 Singapore .4 1.7 j.a.pan .2 1.2 Australia .1 2.6 Other Countries 1.5 .6 ---- ---- 25.6 33.1
It is interesting to note that next to Great Britain we are the largest customers of the Philippines, and that they export to us nearly three times as much as to Spain. On the other hand Spain sells to the Philippines fifteen times as much as we do.
The articles of import and their value in 1894 were as follows:
In Millions of Dollars (Silver).
Spain. Great China. Germany. United Other Total.
Britain. States. Countries Cotton Goods 3.9 4.O .4 .3 -- .7 9.3 Cotton Yarns 1.2 .9 .2 .1 -- .1 2.5 Wines 1.8 -- -- -- -- .1 1.9 Russia.
Mineral Oils -- -- .2 -- .4 .8 1.4 Iron .2 .7 -- .2 -- .1 1.2 Rice -- -- 1.0 -- -- .1 1.1 Flour -- -- .7 -- .2 -- .9 Sweet Meats .5 -- -- -- -- .3 .8 Paper .4 -- -- .1 -- .2 .7 Linen Goods .1 .1 .1 -- -- .3 .6 Hats .1 -- -- .3 -- .2 .6 Other Articles 2.3 1.4 2.O .9 .1 .9 7.6 -- -- -- -- -- -- -- 10.5 7.1 4.6 1.9 .7 3.8 28.6
The articles of export and their value in 1894 were as follows:
In Millions of Dollars (Silver).
Spain Great China United Austra- Other Total Britain States lia Countries Hemp -- 5.3 .9 6.6 .6 1.1 [2] 14.5 Sugar .4 2.7 4.O .7 1.9 1.3 [3] 11.O Man'f. Tobacco .2 .1 .7 .. .1 .7 [4] 1.3 Leaf Tobacco 1.1 .. .. .. .. .3 1.4 Coffee .3 .. .1 .. .. .. .4 Cocoanuts .. .6 .1 .. .. .. .7 Other Articles .9 .. 1.O .1 .. 1.3 3.3 -- -- -- -- -- -- -- 2.9 8.7 6.8 7.4 2.6 4.7 33.16
With these islands in our possession and the construction of railroads in the interior of Luzon, it is probable that an enormous extension could be given to this commerce, nearly all of which would come to the United States. Manila cigars of the best quality are unknown in America. They are but little inferior to the best of Cuba, and cost only one-third as much. The coffee industry can be revived and the sugar industry extended, mainly for consumption in the far East. The mineral resources can be explored with American energy, and there is every reason to believe that when this is done the deposits of coal, iron, gold and lead will be found very valuable. On the other hand, we ought to be able to secure the greater part of the trade which now goes to Spain in textile fabrics, and a considerable portion of that with England in the same goods and in iron.
Revenue and Expenses.
The budget for the fiscal year ending June 30, 1897, was as follows:
Income.
1st. Direct Taxes $8,496,170 2nd. Indirect Taxes (Customs) 6,200,550 3rd. Proceeds of Monopolies 1,222,000 4th. Lottery 1,000,000 5th. Income of Government Property 257,000 6th. Sundry Receipts 298,300 ----------- Total $17,474,020
Expenses.
1st. General Expenses, Pensions and Interest $1,506,686 2nd. Diplomatic and Consular Service 74,000 3rd. Clergy and Courts 1,876,740 4th. War Department 6,035,316 5th. Treasury Department 1,392,414 6th. Navy Department 3,562,716 7th. Civil Administration 2,195,378 8th. Education 614,395 ----------- Total $17,258,145
The Direct Taxes were as follows:
1st. Real Estate, 5 per cent, on income $ 140,280 2nd. Industry and Commerce 1,400,700 3rd. Cedalas (Poll Tax) 5,600,000 4th. Chinese Poll Tax 510,190 5th. Tribute from Sultan of Jolo 20,000 6th. Railroads, 10 per cent. of Pa.s.senger Receipts 32,000 7th. Income Tax, 10 per cent. on Public Salaries 730,000 8th. Sundry Taxes 63,000 ---------- Total $8,496,170
Indirect Taxes were as follows:
1st. Imports $3,600,000 2nd. Exports 1,292,550 3rd. Loading Tax 410,000 4th. Unloading Tax 570,000 5th. Fines and Penalties 27,000 6th. Special Tax on Liquors, Beer, Vegetables, Flour, Salt and Mineral Oils 301,000 ---------- Total $6,200,550
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