Page:Narrative of an Official Visit to Guatemala.djvu/498

478 able to establish and maintain itself almost without any pecuniary assistance whatever: the whole loan which has been received by Guatemala from this country, does not exceed £100,000 sterling.

The expenses of the federal administration for the year 1825, were calculated as follow, viz.—

This excess of expenditure over the receipts, or estimated income, was so inconsiderable as to render it doubtful whether it were wise or expedient for the