Page:Statesman's Year-Book 1921.djvu/770

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BRAZIL

the outstanding loans, as follows :— loan of 1883 (4,590,6002.), 2,713,1002. ; loan of 1888 (6,297, 300*.), 4,173,1002. ; loan of 1889 (19,837,5002.), 17,466,3002.; loan of 1895 (7,442,0002.), 6,925,0002,; funding loan of 1898 (8,613,7172.),, 8,605,9372. ; loan of 1901 (16,619,3202), 12,261,5402. ; loan of 1903 (8,500,0002.), 7,698,0002.; loan of 1908 (4,000,0002.), 1,839,4002. ; loan of 1910 (10,000,0002.), 9,767,5002. ; loan of 1911 (4,500,0002.), 4,042,9002. ; Para railway loan, 1911 (2,400,0002.), 2,400,0002. ; Braschan Lloyd, 1906-10 (2,100,0002.), 1,210,5002. ; loan of 1913 (11,000,0002.), 11,000,0002. ; funding loan of 1914 (13,785,7562.), 13,785,7562. The consolidated internal debt amounted (December 31, 1919) to 1,042,250,600 milreis. The currency in circulation amounted to 1,729,061,000 milreis ; the conversion fund to 20,922,410 milreis gold ; the guarantee fund to 48,391,020 milreis gold; and unredeemed bills and notes to 14,632,500 milreis gold and paper. On December 31, 1919, the total currency was 1,749,974,000 milreis.

The internal and foreign debt of each of the States of Brazil for 1919 was as follows : —

State

Internal Debt

Foreign Debt

State

Internal Debt

Foreign Debt

&

£

£

£

Alag6as

600

500,000

j Parana

15,150

2,334,625

Amazunas.

34,583

6,955,420


 * Pernambuco.

20,466

3,669,322

Bahia

37,668

5,254,933

j Piauhy

516

—

Ceara

2,864

570,600

Rio de Janeiro

22,779

4,936,500

Espirito Santo

6,808

1,752,618


 * Rio Grande do Norte

760

394,006

Federal District.

129,225

15,139,280

Rio Grande do Sul.

37,172

—

Goyaz

—

—

Santa Catharina

4,780

2,512,S69

Maranliao.

2,546

715,436

jSao Paulo

76,297

«,132,037

Matto Grosso

1,820

—

Sergipe

8,S85

—

MinaB Oeraes

60,141

7,401,220 2,932,774

Total.

27,170,709

Para

7,773

61,201,540

Parahyha

—

—

To this must be added the debts of the municipalities, amounting to 11,229,5732. The total indebtedness of Brazil is thus 276,575,1782., made up as follows : — Federal foreign debt, 116,169,5712. ; Federal internal debt, 60,803,7852. ; foreign debts of States, 61,201,5402. ; internal debts of States, 27,170,7092. ; debts of municipalities, 11,229,5732.

On July 24, 1912, a bill was introduced into the Senate, making it necessary for the States to obtain the Federal authorization before contracting any loans.

Defence.

Under the military law of January, 1908, reformed in 1915, military ser- vice is obligatory on every Brazilian from 21 years of age to 44. The terms of service are 9 years in the army ' first line ' (1 or 2 in the ranks, the rest in the reserve), and 14 years in the 'army second line' (7 in the National Guard and 7 in the reserve of the same). The reservists are called up for training annually for 4 weeks, besides which there is rifle practice once a month. The men in the territorial army also have an annual train- ing of 2 to 4 weeks. The army consists of 13 regiments of infantry each of 3 battalions, and 21 battalions of rifles, of 15 regiments of cavalry of 4 squadrons, 10 regiments of field artillery of 6 batteries each with 4 guns, ii horse artillery batteries, 5 howitzer groups of 2 batteries, 6 mountain batteries, 5 battalions of engineers, 1 railway battery, 27 batteries coast artillery, 3 companies of independent infantry, and 10 companies of machine