Production of gold in Nicaragua for the year was $3,500,000, the largest volume in the history of the republic. Exports of the metal exceeded even the value of the coffee-crop yield, which amounted to $2,500,000.
Several contracts granting liberal aid and concessions to the mining industry recently have been signed by President Somoza. He said today that foreign capital is welcome and will be accorded all help and protection. Foreign companies are ce-operating with the government in meeting the nation's taxes and imposts, states the "New York Times."
Text read from the printed page and cleaned; old type leaves the occasional error.