MISCEIvIvANEOUS INFORMATION RElvATING TO CREDIT 

 IN VARIOUvS COUNTRIEvS. 



ARGENTINE REPUBIvIC 



ARGENTINE I^AND CREDIT IN 1915-1916. — La Revue ticonomique el Financure. Paris, 

 7 July 1916. 



In spite of its abundant products, many of which find large markets 

 and are paid for in gold in Europe, the Argentine Republic is going through 

 a difiicult period. The lack of ships and the unreasonable increase of 

 freights are indeed very serious obstacles to exportation, and much of the 

 wealth of the republic has had to be left unmoved and unsold for want of 

 means of transport. It does not seem as though the current year would 

 improve the situation : the harvest of 191 6- 191 7 was below the average 

 owing to drought and invasions of grasshoppers ; and the Argentine 

 government was obliged in 1917 to forbid cereals to be exported in order 

 to keep the harvest for the needs of the country. 



It is not therefore surprising that the Argentine Land Credit attained 

 in 1916 to less satisfactory results than it would have done in normal cir- 

 cumstances. The crisis is howe ver only transient, is common to all mortgage 

 establishments in the country, and will end as the effects of the war 

 gradually disappear. 



The two last profit and loss accounts are compared in the following 

 table : 



1915 1916 



frs. frs. 



Assets. 



Interest on loans 17,236,613 15,941,564 



Delayed interest, indemnities, reimbur- 

 sements 154777 185,593 



Interest and various income ....... 62,838 573>946 



Profits of property . — 30.783 



17,454,228 16,731,886 



