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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Nov 14, 1919
Page
12
Secretary Cabrera reports Mexico's 1919 revenue at 149.4 million pesos versus Carranza's 162 million estimate and projects 1920 revenue at 167 million. He notes dependence on foreign capital, reduced imports, and a fragile balance of trade while warning of ongoing fiscal strains and a lack of currency measures.
Wave of figures shows 1 500 000 pesos to the government and 12 000 000 pesos tax, same as last year while American companies paid 13 000 000 pesos in ten months. Advices from Mexico City call these estimates since statistics to base them on are not available.
A report cites President Carranza admitting 1917 deficits of 135.01 million pesos and 1918 deficits of 118 million. It contrasts Cabrera’s revenue estimate with Hafae Nie’s prior forecast of 472.00 million pesos. The piece also notes that Philippine law returns a wife adopts her husband’s name on marriage and drops it if widowed.
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