It possesses also all the workhouses necessary for the good preparation and packing of its products.

Many suertes of land belong to this important association in the place called "Rincon de las Gallinas," where more than 35,000 heads of cattle feed.

The capital of the society is £500,000, divided into 25,000 shares, out of which only 24,300 were issued, the putting out of the other being quite unnecessary.

The shares, the primitive price of which was £20 in London are now quoted more than double. (£42 or £44.) The dividend received by the shareholders varies between 10 and 12 per cent.

This establishment gives life and activity to the important commercial centre of "Villa Independencia" and is a great stimulus for the cattle industry in the country.

Trade and Commerce.

The Republic has important commercial relations with all the principal European and American markets.

Its commerce is represented by the variety of goods imported into the country and the agricultural products and cattle exported to other countries.

The imported goods are, according to the statistics, all sorts of drinks, food and provisions, cereals and spices, stuffs of all kinds, clothes, materials for industry, machines and many other goods that cannot be classed here.

The principal exports of the country are salted meat, tasajo, preserved meat, extracts of meat, tallow, horns, bones, hides, wools, preserved and dried tongues, ostrich feathers, live stock, corn, flour, wheat, canary seed, hay, oats, bran, barley, flax, vermicelli, potatoes, stone, lime, granite, pavements, agate stone, etc., etc.