Mexico: Mexico city.
145
the Anglo-Mexiean Banking Company (Incorporated) accept this concession for
the establishment of said warehouses, subject to the terms and conditions of
the preceding articles and subject to the laws and regulations on the subject.
The company has issued a set of rules and regulations governing
its operations, in conformity with the above concession, which have
been approved by the treasury department. 0
CUSTOMS REGULATIONS.
A translation of the amendments to the custom-house rules of Mexico,
made by L. C. Simonds and published serially in the Mexican
Herald, of this city, accompanies this report. 6 These amendments
became operative July 1 last. The publication of this translation has
not yet been completed, but the most pertinent amendments are
included in what is sent herewith, and it is sent in this form in order
not to delay this report longer. Articles 393 to 442, c the last published
of the translated custom-house rules, apply to bonded warehouses.
The bonded warehouses are also subject to the provisions of
articles 360 to 379 of said amendments, relating to common carriers.
OPERATIONS OF THE WAREHOUSE COMPANY.
The Mexico and Veracruz General Storage Warehouse (Incorporated)
began operations January 1, 1902. During the year 1902
it had only one warehouse and stored only national merchandise.
During the year 1903 and the first half of 1904 it continually added
to its storage capacity, but was able to handle only national merchandise.
Notwithstanding this it was able to make a fair profit. The
returns from the business for the year 1903 were as follows: Storage,
$29,570.69; handling charges, $4,836.78; fire insurance, $6,222.28;
cartage, $452.36; interest on warrants, $27,804.45; profit on interest,
$9,485.45 ; sundries, $225.66; total, $78,597.67. Deducting $50,662.03,
general expenses, leaves a profit of $27,935.64. The balance from
1902 was $17,987.52, or a total for two years of $45,923.16.
Following is a statement of the company’s affairs at the close of
business August 31,1904 :
Financial statement of the Mexico and Veracruz General Storage Warehouses,
Incorporated.
ASSETS.
Fixtures and properties
Debtor accounts
Doans on collaterals
Investments
Sight deposits in National Bank of Mexico
Sight deposits In Mercantile Bank, Veracruz
Cash holdings, specie, and notes
Total assets $2,149, 061. 23
o a copy of these rules, including tariff of charges, is on file in the Bureau of
Statistics* where it may be consulted by interested persons.
& On file in the Bureau of Statistics, Department of Commerce and Labor,
Where it may be consulted by persons interested.
c See the report from Veracruz following.
18762—05 M 10
$681, 508. 4$
187,100. 18
468, 463. 89
65, 500. 00
545, 80S. 45
189, 106. 01
11, 514. 22
