PERU 
IOI 
ooo worth of rubber. Much coffee, tobacco, 
and cocoa are grown, most of which is used 
for home consumption. 
Peru’s crops are produced chiefly by irri 
gation, the watersheds on the mountain sides 
being of great advantage in this connection. 
Cotton is manufactured into cloth in mills 
situated at Lima, Arequipa and lea. There 
are also woolen mills but they do not come 
anywhere near supplying the local demand 
and much is imported. 
Panama hats are largely produced, in 1911 
the exports in this line reaching the enormous 
sum of $2,147,668. Some twenty-five factor 
ies in the Cuzco valley are devoted to the pro 
duction of cocaine, the world’s supply largely 
coming from this section. The cattle and 
wool growing industries are capable of much 
greater development. 
Peru is on a gold basis, the sole being the 
unit of value. This is a silver coin and is 
designated thus “$.” Ten soles ($10) equal a 
gold Libra or pound, worth a pound sterling 
or $4.8665 U. S. gold and expressed thus