The Argentine Republic General Descriptive Data Prepared in June 1909
The Argentine Republic General Descriptive Data Prepared in June 1909
International Bureau of the American Republics
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La I'lata. And P)ahia T'lanca in the order named. . Ml of these ports, ARGENTINE REPUBLIC. 15 with the exception of Rosario, showed an increase in imports over 1907. The expenditures reached a total of $103, 000, 000, leaving a surplus of $9, 000, 000. The budget for 1909 as approved by the National Congress pro- vides for expenditures of $25, 907, 777 gold and ?=1 98, 344, 400, with estimated revenues of $67, 820, 433 and ^=100, 639, 516. Bank deposits in the Republic on January 31, 1908, aggr...egated $23, 538, 215 and ^'Sll, 026, 530, while the cash on hand on the same date amounted to $47, 570, 137 and ^230, 161, 400. The Government gold reserve for the conversion of national currency amounted to $126, 482, 515. 76, an in- crease of $21, 368, 644. 26 over 1907. The capital of the Bank of the Argentine Nation was increased by a law authorizing the issue of bonds to the amount of $17, 177, 000 gold, secured by the general revenues of the Republic. British capital continued to figure prominently in various enter- prises to the extent of £243, 000, 000, railways proving the principal attraction for investors, with government bonds in second place.
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