THE NITRATE. INDUSTRY.
In Chile improvements in many directions, including the Government finances, have been offset by the depression in the nitrate industry, and the Chairman of the Anglo-South American Bank did not attempt to disguise the fact that Chilean itrate has no longer its former monopoly. On the other hand, there are not wanting indications of a coming expansion in the demands for all fertilizers and, with the adoption of up-to-date methods in the Chilean industry, there seems to be no reason to take a despondent view of the Chilean nitrate outlook. I referred last week to the favourable character of the Anglo-South American Bank Report itself, and, needless to say, the proposed appointments to the board of Sir Au„gustin Edwards and Mr. Wells were unanimously approved by the shareholders.
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