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Money and Credit (There are eleven mints)

There are eleven mints in the Republic, coining on an average $25,000,000 annually. Most of the silver exported is shipped in the shape of dollars, which find their way chiefly to China and the smaller communities in Indo-China and the Eastern Archipelago. The following table shows the coinage by Mexican mints from 1881 onwards :- Years.

Silver.

Gold.

Copper.

Total.

Dollars.

Dollars.

Dollars.

Dollars. 1880-81 24,617,395 492,068 42,259 25,151,721 1881-82 25,146,260 452,590 11,972 25,610,822 1882-83 24,083,921 407,600 - 24,491,521 1883-84 25,377,378 328,698 - 25,706,076 1886-87 26,844,031 398,647 200,000 27,242,678 1887-88 25,862,977 316,818 85,000 26,264,795 1888-89 26,031,222 334,972 129,844 26,496,038 1889-90 24,328,326 243,298 134,632 24,706,256 1890-91 24,237,449 308,083 218,869 24,764,402 Situation of the Mexican banks, October 31, 1891 :- Banco Nacional. Banco Hipotecario. Banco de Londres. Dollars.

Dollars.

Assets.

Capital not paid up..

Cash Notes.

Advances.

Debts..

Property..

Total Dollars. 12,000,000 1,500,000 - 12,363,988 435,130 15,807,137 1,926,186 4,497,929 6,553,633 3,058,396 1,865,029 11,650,412 1,503,301 6,243,113 150,000 - 72,000 55,029,935 7,229,647 17,366,676 Liabilities.

Capital...... 20,000,000 5,000,000 Notes in circulation. 15,408,252 Bonds. 1,129,200 - Debts 16,926,433 1,100,447 Reserve fund 2,695,249 - 1,500,000 6,295,530 9,221,146 350,000 Total. 55,029,935 7,229,647 17,366,676 Concessions have been granted to a number of new banks in several of the States for the purpose of advancing loans for agricultural and mining purposes.