s • * * B.A. AND PACIFIC.
In view of present political conditions in Argentina, it is not surprising that Lord St. Davids, the Chairman of the Buenos Aires and Pacific Railway, at last week's meeting of that company, should have taken a cautious view with regard to the outlook. Moreover, it was a view backed by a conservative policy on the part of the directors, for Lord St. Davids, while expressing the opinion that the next balance sheet might not be quite as good as the one just presented, showed that the directors had carried forward an exceptionally large amount. The company has started the current half-year with a considerable decline in traffics, while Lord St. Davids' fears with regard to a possible further decline in the Argentine exchange have, unfortunately, already been verified, the exchange during the present week having fallen to about the lowest point on record.
Previous page
