Note 1 — XXV
Reading edition
The British Consul estimates the receipts from this monopoly for the year 1866–7 at $8,418,939, after an expenditure of $4,519,866; thus leaving a clear profit of $3,899,073. In the colonial budget for 1867 the profit on tobacco was estimated at $2,627,976, while the total expenditure of the colony, after deduction of the expenses occasioned by the tobacco management, was set down at $7,033,576.
According to the official tables of the chief of the Administration in Manila, 1871, the total annual revenue derived from the tobacco management between the years 1865 and 1869 amounted, on an average, to $5,367,262. By reason of proper accounts being wanting an accurate estimate of the expenditure cannot be delivered; but it would be at least $4,000,000, so that a profit of only $1,367,262 remains.