Chapter I: Front Matter

Transcriber's Note: Obvious typos have been amended. Variations in
spelling in the original text have been retained, except where usage
frequency was used to determine the common spelling. These amendments
are listed at the end of the text. Minor printer errors have been
amended without note.

* * * * *

PUBLICATIONS OF THE UNIVERSITY OF MANCHESTER

ECONOMIC SERIES--No. IX.

GARTSIDE REPORTS ON INDUSTRY AND COMMERCE. NO. 6

_The Argentine as a Market_

SHERRATT & HUGHES Publishers to the Victoria University of Manchester Manchester: 34 Cross Street London: 60 Chandos Street, W.C.

The Argentine as a Market

A REPORT

_To the Electors to the Gartside Scholarships on the Results of a Tour in the Argentine in 1906-7_

BY

N. L. WATSON, B.A.

_Gartside Scholar_

MANCHESTER AT THE UNIVERSITY PRESS 1908

UNIVERSITY OF MANCHESTER PUBLICATIONS No. XXXIII.

THE GARTSIDE REPORTS.

The Gartside Reports are the reports made by the Gartside Scholars at the University of Manchester. The Gartside Scholarships were established in 1902 for a limited period, by John Henry Gartside, Esq., of Manchester. They are tenable for two years and about three are awarded each year. They are open to males of British nationality who at the date of the election shall be over the age of eighteen years and under the age of twenty-three years.

Every scholar must enter the University of Manchester for one Session for a course of study approved by the electors. The remainder of the time covered by the Scholarship must be devoted to the examination of subjects bearing upon Commerce or Industry in Germany or Switzerland, or in the United States of America, or partly in one of the above-mentioned countries and partly in others, but the electors may on special grounds allow part of this period of the tenure of the Scholarship to be spent in study and travel in some other country or countries. It is intended that each scholar shall select some industry, or part of an industry, or some business, for examination, and investigate this comparatively in the United Kingdom and abroad. The first year's work at the University of Manchester is designed to prepare the student for this investigation, and it partly takes the form of directed study, from publications and by direct investigation, of English conditions with regard to the industrial or commercial subjects upon which research will be made abroad in the second year of the scholarship. Finally, each scholar must present a report, which will as a rule be published.

The value of a Scholarship is about £80 a year for the time spent in England, £150 a year for time spent on the Continent of Europe, and about £250 a year for time spent in America.

EDITOR'S NOTE.

MR. N. L. WATSON's sudden departure to fill a commercial position in the East has prevented him from seeing this Report through the press himself.

TABLE OF CONTENTS.

PAGE.

Chapter I. The Economic Basis of the Argentine 1

" II. The Railways 6

" III. Industries and the Labour Question 12

" IV. Foreign Capital and Public Debt 16

" V. Argentina from the Immigrant's
Standpoint 20

" VI. English Trade. Its Position and
Prospects 25

" VII. The Tariff 41

Statistical Appendix 53