Last was as
Arrug
Navy
411
Free Millions of dollars per annum.
It must be obvious that whether the Imperial Government
5.
"
1,186,000.
twelve months ending 31st December
follows:-
$1,400,000.
Concular and Diplomatic $ 249,000
Total $2,835,000
equivalent in Sterling at the
· Army par of 4/2 to £ 590,625.
4.
Consequence,
however, of
the recent increase in the number of Troops in China and elsewhere,
the Imperial Expenditure to be
met here in dollars
next 18 months may be estimated
at the very
lowest at the rate of
supplies itself out here with the necessary funds by the purchase and transmission of Mexican dollars from London, or by raising
dollars here in exchange for Treasury
Bills, or by the sale of the Indemnity syce Silver in exchange
for Mexican Dollars, in one
shape or another the Government must
pay the premium on which they bear in London - the
supply comes
from
whence the
heart is drawn.