Selling Latin America

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Monograph

Identifikator:: 101030657X

URN:: urn:nbn:de:zbw-retromon-41609

Document type:: Monograph

Author:: Aughinbaugh, William E.

Title:: Selling Latin America

Place of publication:: Boston

Publisher:: Small, Maynard & Company Publishers

Year of publication:: 1915

Scope:: 1 Online-Ressource (VI, 408 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: XXV. Finance and credits

Collection:: Economics Books

FINANCE AND CREDITS 299 As is to be supposed, the European coun tries having possessions in the West Indies and South or Central America, very naturally have banking facilities between these colonies and each mother country. In addition, promi nent Canadian banks have successfully estab lished branches in the largest of the British colonies for the purpose of building up direct trade with the Dominion of Canada, thereby eliminating the tribute London usually de mands on exchange. Although we take much of the exports and sell these possessions most of their necessities, still the individual busi ness done in each island or colony is rela tively small and the field of operation too restricted to warrant other banking con nections. Besides exchange on New York is cheaper here than elsewhere, owing to the fact that both Canadian and English banks maintain branches in that city. In the other colonies merchants, as a rule, have personal ac counts in American banks in the States and are thereby enabled to handle their own transac tions advantageously.

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