Abstract
The credit-exchange arrangements, 422.—Comparison of the course of exchange in the four leading countries, 425.—Buenos Aires and Montevideo exchange, 428. — The Argentine balance of international payments, 431. — Quantity exports of meat and cereals, 436. — The Chilean trade balance, 438. — Nitrate, exports, production, prices, 439. — Exports of coffee, 443. — Interest payments, 443. — Chilean exchange a depreciated paper exchange, 445. — The fall of the rate since the armistice, 448. — The new exports and industries of Brazil, 449. — The fall of Brazilian exchange, 453. — The decline of exports (and prices) of coffee and rubber, 455. — Comparison of trade balances of Brazil, Argentina, and Chile, 459. — Foreign borrowings of Brazil, 460. — Budgetary deficits, 462. — Inconvertible paper money, 463. — Interest payments, 464.
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