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As an affiliated company, the Companhia de Diamantes de 

 Angola was floated in 1918 by Portuguese, Belgian and .American 

 capitalists, the object being the exploitation of the rich diamond 

 fields of the Lunda district and others. Over three hundred 

 thousand carats have been already recorded, and great hopes are 

 entertained as to the possibilities of this company. It is one of the 

 striking instances of what can be done with a depreciated currency, 

 improperly applied. This company -was organized with less than 

 one million escudos and, within a few years, its capital has been 

 increased to two million pounds sterling, the sharers being quoted 

 above par. 



Another affiliated company is the Companhia de Petroleo de 

 Angola, which was organized with the object of exploiting oil in 

 Angola, It is reported that important wells have been struck in 

 several places. As a matter of fact 18 wells have been sounded and, 

 in the Bengo banks, important w r orks are being carried on by 

 the Sinclair Oil Syndicate, of New York, with the assistance of 

 Belgian and Portuguese capital. A minimum of 50,000 tons of 

 -oil is expected to be produced each year. 



North of the Benguella railway mineral prospecting has been 

 reserved for these companies, but to the South there have been 

 several .expeditions, the results of which are not yet known. 



Angola is rich in iron, hydrocarbons, manganese ores, copper, 

 salt rocks, &c., but, up to the present, only the diamond and 

 oil fields have been developed. 



A very interesting organisation has been created by the 

 Banco Nacional Ultramarino and Messrs. Burnay & Co., in order 

 to study the agricultural and economic possibilities of Angola. 

 As there are no official investigations and consequently no scientific 

 data for a modern company,. the Fomento Geral de Angola (such 

 is the name of the company) has contracted for experts on different 

 branches of tropical agriculture to investigate the possibilities. 



, TOBACCO GROWING has been started in tracts of land by the 

 Fomento Geral de Angola, under the supervision of a well-known 

 expert on the matter. Two suitable! districts have been carefully 

 selected and the prospects are brilliant. A big Portuguese com- 

 pany will be floated in order to exploit tobacco in Angola. 



PALM TREES have not been scientifically exploited in Angola. 

 According to the studies of the Fomento Geral de Angola, there are 

 very encouraging prospects in this branch. Concessions have been 

 granted to the Fomento Geral de Angola covering dense palm- 

 tree forests. The most common palm tree is the demdem or 

 Elaesis Guineesis. Transport is one of the most vital problems 

 to be considered in the case of a new undertaking. The water 



