CHAPTER XII
SOUTH AMERICA
Brazil gives subventions from the Federal treasury to several foreign steamship companies, and some of the States of the federation also make similar grants from their treasuries. Besides the subventions to lines to foreign ports, the Government grants State aid to a considerable number of coast lines operating between Rio de Janeiro and other Brazilian ports. The total amount of the subventions in 1910 was equal to $1,437,880.[[FO]] The principal beneficiary was the Lloyd Brazileiro, maintaining the line between Brazilian ports and the United States.
Argentina is adopting a policy of giving subsidies to foreign steamship companies which extend her communications with foreign ports. As far back as 1865 a decree was issued offering a subsidy of twenty thousand dollars a year for a line between Argentina and the United States. But it was not taken. In 1911 the Government was prepared to pay a subsidy to a new steamship company promoted to furnish a regular service to South Africa.[[FP]] In 1911 there appeared the first steam vessel flying the American flag at Buenos Aires in twenty years.[[FQ]]
Chile grants mail subsidies, which have no appreciable effect in the merchant marine.[[FR]]
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