Publisher's Synopsis
Excerpt from Commercial Intelligence Journal, 1943, Vol. 69
In 1942 the United Kingdom was able to supply Argentina with goods to a value only 23 per cent less than that for the pre-war years. The principal items imported therefrom in reduced volume were the higher qualities Of textile piece-goods; chemicals, including caustic soda; animal dips; porcelain; bath tiles; whisky and coal.
Argentina shipped meats and other farm products to the value of £509 million to the British Empire in 1942. This figure represented an increase of 20 per cent from the pre-war level. In payment for these agricultural exports Argentina received only 40 per cent Of their value in British goods, including £47 million in jute from India and a quantity Of petroleum from Curacao, that was paid for by arrangement in sterling, as compared with 67 per cent in goods In 1940. The earnings of private British firms with capital invested in Argentina, such as the British-owned railways, paid for £127 million Of these exports, and the interest due on British holdings Of the Argentine public debt purchased another £4-6 million worth.
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