The amount of duties secured on importations from the 1st of January to
the 30th of September was about $22,997,000, and that of the estimated
accruing revenue is five millions, forming an aggregate for the year of
near twenty-eight millions. This is one million more than the estimate
made last December for the accruing revenue of the present year, which,
with allowances for drawbacks and contingent deficiencies, was expected
to produce an actual revenue of $22,300,000. Had these only been
realized the expenditures of the year would have been also
proportionally reduced, for of these twenty-four millions received
upward of nine millions have been applied to the extinction of public
debt, bearing an interest of 6 per cent a year, and of course reducing
the burden of interest annually payable in future by the amount of more
than half a million. The payments on account of interest during the
current year exceed $3,000,000, presenting an aggregate of more than
twelve millions applied during the year to the discharge of the public
debt, the whole of which remaining due on the 1st of January next will
amount only to $58,362,135.
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