304 



COAL OF SOUTH AMERICA, 



huana;* several recent discoveries have also 

 been made in Peru. It is found in the valley 

 of Tambo^ near Islay ; in the island of San 

 Lorenzo^ which forms the harbour of Callao, 

 and also on the coast to the north of Lima. 



Payta can furnish excellent wood from the 

 interior^ if required^ at a very cheap rate^ and, 

 the whole coast from Guayaquil to Panama is 

 thickly wooded. 



Until within a few years, the product of 

 European shipments to the west coast was 

 remitted in dollars and bullion, consequently 

 vessels were either obliged to return in ballast, 

 or proceed to India, or the Brazils, for a home- 

 ward freight, but such has been the develop- 

 ment of the resources of that country, that the 

 tonnage which supplies the imports is not now 

 sufficient to extract the exports, consequently 

 homeward freights have advanced, whilst out- 

 ward freights have declined to such an extent, 

 that if necessary, a large supply of coals could 

 be furnished from England at a very cheap 

 rate. 



* We have the testimony of Lord Cochrane, now Earl 

 of Dundonald, that this coal is well adapted for steam, to 

 which purpose he applied it during his command of the 

 Chile squadron in the Pacific. 



