Among other institutions are the new post office, begun in 1902 and finished in 1907; the Mineria, occupied by the schools of mining and engineering; the military school, occupying a part of the castle of Chapultepec; the Iturbide palace, now occupied as a hotel; the Iturbide theatre, occupied by the chamber of deputies, for which a new legislative palace to cost 2,500,000 pesos was under construction in 1909; the new palace of justice; the old mint, dating from 1537; the new penitentiary, completed in 190o; the Panteon, with its monuments to the most celebrated Mexicans; the new general hospital; the jockey club on Plaza Guardiola, a new university (1910) and new school edifices of modern design.
According to official returns, the real-estate valuations in 1903-1904 aggregated 1, 777, 21 7,7 0 4 pesos, of which 1,020,609,215 pesos were in urban and 754,608,489 pesos in rural property.
The exportation of silver pesos is prohibited.
International commercial transactions were based on the American gold dollar, which was usually worth loo pesos of this depreciated currency.
The values of imports and exports (including bullion, specie and re-exports) in pesos of 18d.
How the revenues are expended is shown in the estimates for 1907, in which the total expenditures were estimated at 134,830,532 pesos paper and 58,796,780 pesos gold, the principal appropriations being 16,192,780 pesos paper and 99,733 gold for the war department, 10,460,781 paper and 6,315,731 gold for the marine department, 4 0, 934, 2 73 paper and 16,984,671 gold for railways, and 6,324,817 paper for public works.
The redemption of this issue was guaranteed by a conversion fund of 100,000,000 pesos, and by an authorization to issue a loan of 50,000,000 pesos to redeem the balance, if necessary.
During the decade 1831-1840 the annual revenues averaged about 2,100,000 pesos (of 48d.), which in the decade 1861-1870 had increased to an average of only 8,200,000 pesos - and this during a period of considerable agricultural activity on account of wheat exports to California and Australia.
The principal towns are connected by wagon roads, towards the construction and maintenance of which each male inhabitant is required to pay two pesos or give four days' work a year.
Fractional silver coin is not legal tender above 20 pesos, and bronze and nickel coins not above 1 peso, but the government maintains conversion offices where such coins can be converted into silver pesos without loss.