B.A. AND PACIFIC MEETING.
If only in view of the complex and difficult conditions pre- vailing in Argentina at the present time, special interest attaches to the statements made by some-of the Chairmen of the railway companies—in which so much English capital is invested—at the annual meetings. These conditions were responsible for the publication recently of an unfavourable Report by the Buenos Ayres and _Pacific Company, and Viscount St. Davids at the annual meeting made no attempt to obscure or gloss over the unfavourable influences. At the same time, he was able to deal with a few favourable points, and among these he mentioned that developments in petro- leum and asphalt were going forward in districts served by the Company, adding that if oil was developed in quantity at the very end of the " Pacific " Line under the Andes "it might very soon put a new face altogether on the picture for the Buenos Ayres Pacific Company." Lord St. Davids also spoke approvingly of a scheme put before Congress by the Argentine Government for regulating the traffic between the roads and the railways.
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