The restrictions are now being relaxed, and in the event of a long war the purchasing power of the South American countries should increase through the greater demand and higher prices for primary commodities, If so, exchange restrictions might prove unnecessary. Already the value of the large British investments in those States has increased, and in time there might be a recovery in the income derived from them and an: unfreezing of commercial debts. But for that it is necessary to increase British trade with Latin America in both directions. Considering the strong competition to be expected from the United States, a determined export drive is needed to convert opportunities into gain.
Text read from the printed page and cleaned; old type leaves the occasional error.