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DEMARS
THE HONGKONG TELEGRAPH. SATURDAY, SEPTEMBER 27, 1930:
U.S. EYES ARE ON
ARGENTINA.
ATTITUDE TOWARDS THE
PRINCE'S VISIT.
BRITAIN'S CHANCE.
a
as flax seed and casein, have been increased. Only this month. now alight was offered when the Argentine. was not invited to the National Live Stock Exhibition at St. Louis or the Thirty-First. International Live Stock and Grain Exhibition at Chicago. The invitations, though unoficial, were sent to other Latin-American Governments through American diplomatic representatives,
The present economic position In view of the change in Ari gentina brought about by the roof Great Britain and the United States in Latin Amèrica is out- cent revolution, the following lined by the New York Trust written last month by the Washington correspondent of the Company in its periodical "The Index." By taking Central and London Marning Post, is of much South America together the maga Interest:
The proposed visit of the Prince zine presents a reassuring picture of Wales to Argentina as "Com of the American position. In missioner Extraordinary of Em-1918 British investments in Latin America amounted to" about pire Trade" is arousing great in-
(£000,000,000), terest in the United States. The $5,000,000,000 influence of any foreign Power in and American only $1,242,000,000 (£248,400,000). At the end of Latin America is looked
1923 British Investments were with jealous eyes at Washington
in $5.889,000,000 (£1,177,800,000), and regarded almost as an fringement of the Monroe Doc- while American had risen to (£1,144,400,000). | trine. This is especially true $5,772,000,000 where the Argentine is concerned In other words British invest- owing to the strained relations nents had increased only 18 per America's increase of which exist at present between cent. to
upon
the South American Republic and about 350 per cent.
the United States.
The eagerness with which the
Favourable Position.
Half of the British Investments
Are
Argentine President welcomed the prospect of the Prince's viist is in South America are, however, contrasted with the hesitancy dis-distributed mainly in Argentine played when President Hoover and Brazil; while American in- was arranging his "goodwill" tour vestments in South America. In 1928. It is a symptom of a only one-half those of Great Bri- central America' the chronic condition which American lain. In
reversed. Fifty- business men, however loudly they positions are
States may laugh at antiquated British nine per cent. of United trading methods, find extremely investments in Latin America disquieting.
are in Central America, mainly in For the past eighteen months Mexico and Cuba. Only 20 per no Am- cent. of the British total is in- the Argentine has had bassador at Washington. For the vested in those regions. past thirty months she hay re- Both from the point of view of fuse every invitation to attend investments and sentiment Great Pan American conferences. She Britain is in a very favourable. has refused to sign the Kellogg position for increasing its trade Pact. She has refused to attend with the Argentine. The only inter-American conferences on thing which could prevent an ex- sanitation, on Customs classifica- pansion of the market for British tion, and an trade-marks. She goods in that country would be has refused to co-operate with the the failure of British manufactur- NEW STOCK ARRIVEDP-American Sanitary Bureau orers to take advantage of their
to attend the Pan-American Arbi- epportunities.. tration Conference.
A. S. WATSON & CO., LTD.
ESTABLISHED 1841
Eve
Kayamally Building,
Entrance Gordon's.
of
LIGHT-WEIGHT OVERCOATS
From $15.50
HEAVY OVERCOATS FUR TRIMMED
AND UNTRIMMED From $35.00
General Resentment.
British Offers.
It is learnt from Buenos Aires that the London firms of Stewart
This attitude, while partly due and Macdonald and Baring Bros. to general resentment at what the have offered to finance the railway Argentine Government consider and harbour works during a meet- to be the patronising attitude of ing with President Irigoyen. The Washington, is also due to a series firms offered to accept Argentine of specific measures taken by the bonds negotiable in three years as United States against her imports. securities. Chilled and frozen meat has been Representatives' of Messrs. completely barred on the grounds Henry Simon, Ltd., of London, that it might spread fool-and-proposed to build a system of 803 mouth disease. There are res-grain elevators; for the Govern- trictions on the importation of meat at a total cost, as estimated, Argentine fruits, while in the of nearly one hundred and ten Hawley-Smoot Tariff the duties on million Argentine pesos (about important Argentine exports, such£18,000,000),
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