BRAZIL.
Commenting upon conditions of Brazil, Mr. Foster made a timely reference both to the coffee crisis through which the country is passing and also to the impending Presidential Election. It is satisfactory, however, as Mr. Foster pointed Out, to note that the actual revenue of the Brazilian Federal Government has increased of late, the total which in 1926 Was £43,542,000 having risen in 1927 to £49,910,000, while last year it was over £50,000,000. The trade figures, too, were rather better. As regards the affairs of the bank itself, the report recently published showed that, although there had been a slight reduction in the net profit, the directors were able to maintain the dividend of 11 per cent., while the balance sheet showed a substantial growth in the volume of business with an
increase of over £2.000.000 in the total of denosits. -
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