Trade, Population And Food. a Series of Papers On Economic Statistics

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Looking forward to the future, it will be well now to con- sider whether there is a probability of an improvement set- ting in. As regards an increase of income from our present investments abroad, there is little room for hope. The borrowing States which have proved defaulters, either in whole or part, seem more likely to become utterly bank- rupt than to be able to pay up the lapsed dividends.
Some of the public undertakings, such as railways, &c., may possibly improve in their dividends, but
... others will pro- bably fall off; so that the total yield is not likely to be greater than hitherto. There is more hope that the recent invest- ments in private undertakings, manufacturing and mining, may give better returns ; but the incomes derived from trade, besides the fact that the return is not so lucrative as before, manifest a growing tendency to fall into the hands of permanent residents abroad. With the extension of capital, of experience, and of intelligence on the part of those who in their own countries devote themselves to these pursuits, a greater proportion of the business transacted falls into their hands, and less comes to the share of those who remit the surplus profits home.

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