180 



banks to Municipalities, or Local Soviets, in eacji 

 case the responsibility for the inversion and its repay- 

 ment, likewise the management of the elevators, being 

 shouldered into the respective bodies compromising 1 

 themselves with the undertaking, and not as in the Ar- 

 gentine project this compromise being assumed by the 

 State. All over the rest of the world the enterprise haa 

 been left to private initiative, favoured by certain con- 

 cessions from the State. In the said project, which pro- 

 vided for the erection of elevators to the total capacity 

 of 4,000,000 tons at the total cost of $60,000,000 m|n. to 

 the State, no calculations were provided as to their rent- 

 ing or their profit to the State. It was proposed to pro- 

 vide the services freely to a certain extent. 



A PLAX FOR OBRAS PUBLIC AS 11 . 



In the second project, published in 1913, the needs 

 of the country were to be met. by the following : 



Dock No. 3 Buenos Aires . . 

 New port of Buenos Aires . . 

 Port of Mar del Plata . . . 



Port Uruguay 



Port of Quequen 



Port of San Nicolas ..... 

 50 Regional Elevators of 



25,000 T 



200 Primary Elevators of 



5,000 T 



500 Primary Elevators of 



2,000 f . 



1,450,000 

 1,000,000 

 1,000,000 

 *3,880,000 



21,750.000 

 15,000,000 

 15,000,000 

 60,500,009 



No calculations were offered as to the extent of fcht 

 profits to be made over and above providing the inter- 

 est on the capital inverted in the works, and after par- 

 ing the expenses of the undertaking. 



The advantages, generally speaking, accruing .K 

 the farmers and the country' in general were consideetd 

 sufficient compensation for the State to implant BN- 

 vators . 



Without any satisfactory plan of working exp<- 

 ses we have only those to guide us derived from tkt 

 personal experiences of the owners of elevators 



