ARGENTINA’S DEPRESSION
EFFECT OF WHEAT SLUMP
REMOVAL OF LAST HOPE
HEAVY DEFICIT LAST YEAR
FARMS PLEDGED TO LIMIT
By Telegraph—Press Assn.—Copyright.
Rec. 8.45 p.m. Buenos Aires, Nov. 30. The world-wide depression in wheat prices has removed Argentina’s prospects of regaining prosperity through the new crops, which promise to be the greatest of recent years. The Government is preoccupied in attempting financially to aid the farmers to harvest the crops, admitting the country must have grain regardless of the loss or profit to the growq/ts.
Authoritative estimates place last year’s unfavourable balance of international payments against Argentina at 140,000,000 pesos, with a similar unfavourable balance threatened this year. The farmers have already mortgaged their lands, buildings, machinery, tools and stock to the limit.
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Bibliographic details
Taranaki Daily News, 2 December 1930, Page 7
Word Count
122ARGENTINA’S DEPRESSION Taranaki Daily News, 2 December 1930, Page 7
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