Portugal a Survey of Her Wealth Economic Possibilities
Portugal a Survey of Her Wealth Economic Possibilities
Jos De Almada
The book Portugal a Survey of Her Wealth Economic Possibilities was written by author Jos De Almada Here you can read free online of Portugal a Survey of Her Wealth Economic Possibilities book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Portugal a Survey of Her Wealth Economic Possibilities a good or bad book?
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As soon as tne sterling values are negotiated normally in the Portuguese markets the exchange will ameliorate, the cost of living will decrease, and the Government finances will progress. Taxation to a certain extent must be enforced, but the psychological factors ol connaence and of the will to invest money within the country are perhaps more effective still. The amount of paper money in circulation, the floating debt, and the loans to the Treasury are such that the only possible policy would ...be to transform an unreal paper value into a payable asset. Such works as hydro- electric installations and irrigation schemes, would, within five years, change the face of public finances. Facilities granted to big hotel companies in order to attract foreigners to the watering places and to the winter stations of the country would result in a rapid affluence of gold into Portugal. It would be false to infer from the Budget that the state of aifairs is hopeless, in 1920, for instance, the gross revenue of agriculture, excluding dairy produce and stock breeding, was estimated, according to official data, at 572, 500, 000 escudos, or, at the then rate of exchange, 18, 892, 000.
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