To produce these excellent matters, five thousand settlers per annum are required, the word settler being employed as a well-meaning term for coloured labour. There must be a flow of British capital too. But British capital has not very readily been forthcoming. It can be spared for enterprises anywhere in Spanish America, even "wild-cat" schemes, but not for Guiana, apparently.

[14] Guiana, British, Dutch and French, Rodway, South American Series, a most interesting and valuable work.

[15] Guiana, op. cit.

[16] Guiana, op. cit.

[17] Peru, op. cit., where full details are given.

[18] Ecuador, op. cit.

[19] Bolivia, op. cit.

[20] Bolivia, op. cit., where a full account of the rubber industry will be found.

[21]

Total exportation of Brazil in 1906,£52,000,000
Exportation of coffee " "£26,500,000
Exportation of rubber " "£13,300,000