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388 the apparent contradiction of a surplus revenue of 304,538 dollars, as given by Mr. Esteva, in his Report of January 1827, and the difficulty in covering the actual engagements of the country, which certainly has been experienced.

To take a fair view of this subject, it will be necessary to consider the expenditure of Mexico, as compared with its receipts, according to the estimates for the present year, to which it seems neither necessary, nor probable, that any great addition will be made.