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Effects of the Argentine Revolution.

I British capital embarked m Argentine ventures may be estimated ab 200 millions. In the worst event practically possible, the land remaining m any case, while railways cannot well be nnnihi^eti, "|h c loss might reach half tfas,t jiunV Argentine Sterling C^QVer-hmeh't and Provincial lqftn# ftn^unf, to £43,620,000 nominal, the present market value of the bonds being about 35 millions. Cedulas are also held to the nominal value of probably over million dollars, valued at ? ,bolife seven millions sterling, Argen'tfiie Rajlw-w shares and honcfe^eaoh nearly &} millions nominal, the market value behi" 55 to GO million. Adding 15, to 20;: .millions f W uuenos Ayres port, drainage m d other miscellaneous . Arge^w tindertakings, and the securities held by trusts and not a,irea% t»keh into account, we get a total Britisli investm.cnJ known, to the London , Stock Exchange of upwards of 1Q& millions, at present prices. SncMsli capitalists are also intsr^ed' m pr^fvate land transac^tt&s, while, mercliants and o^e^A i\ve creditors of Argentine importers. The depreciation of the past few weeks has knocked fully 10 millions off the value of British investments' m Argentina, without countme Orucuav "Daily News," " S -y'

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900924.2.9

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume VII, Issue 2526, 24 September 1890

Word Count
194

Effects of the Argentine Revolution. Ashburton Guardian, Volume VII, Issue 2526, 24 September 1890

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