In many cases, as at Rio de Janeiro, Santos and Manaos, the cost and maintenance of the new port-works are met by an additional tax on merchandise, though the immediate expenditures are met by advances from the national treasury, and at Rio de Janeiro by a foreign loan.
In each county a convention, composed of representatives from the towns, meets every two years to levy taxes and to authorize expenditures for grounds and buildings whenever more than one thousand dollars are required.
The two main functions of the treasury department are the administration of the government revenues and expenditures, and of the banking and currency laws.
The department of industry, communications and public works takes the next highest proportion, but about half its expenditures are met by special taxes, as in the case of port works and railway inspection, and by the revenues of the state railways, telegraph lines and post office.
The gold and currency receipts and expenditures for the six years 1900 to 1905, inclusive, according to official returns, were as follows: - Reducing gold to a currency basis at 15d.