Review of the Organization and Transactions of the Customs Receivership of Santo Domingo During the First Year of Its Operation, April 1, 1905 March 31, 1906 PDF Download

Author: Oficina del Controller
Publisher: Forgotten Books
ISBN: 9781331502555
Category : Reference
Languages : en
Pages : 84

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Book Description
Excerpt from Review of the Organization and Transactions of the Customs Receivership of Santo Domingo During the First Year of Its Operation, April 1, 1905 March 31, 1906: With Collateral Exhibits and Remarks The customs receivership of Santo Domingo was organized at the request of the Dominican Republic for the combined purposes of securing the maintenance of the national independence, removing the incentive to internal revolution, and to protect creditors, collect revenues, and segregate funds for the payment of debts. That it has accomplished its financial undertaking during the first year of its operations is shown by the fact that more revenue was actually collected in cash than has been reported as having been collected during any of the preceding years in the history of the country, when not only cash but scrip and other evidences of indebtedness were received in payment of customs dues, and when importations were stimulated by reason of the fact that creditors were only able to collect through orders upon custom-houses, which they sold at a discount, thus lowering the duty to the purchaser and importer, although the customs returns did not indicate it. Two millions and a half in customs revenues were received, from which the Government expenses were paid and approximately a million and a quarter deposited in trust for the security of creditors and amortization of the public debt - this in striking contrast to the results of customs operations in former) ears, when, having control of the entire revenues of the Republic, the Government has not only been unable to pay its current expenses, but has found its apparent public debt increased at the average rate of almost a million dollars a year since independence was gained in 1865. The transactions of the last twelve months have therefore resulted in the first halt upon the road to insolvency, and start in the opposite direction, that has been experienced by the Republic. Instead of a million behind, it is a million and over ahead - a difference of two millions from the debit to the credit side. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.