placed in the United States and outstanding Jan. 1, 1921, was as follows:
Canada and Newfoundland................. $345,534,260 Mexico... 00... ccc cee cnet en eeee 500,000 Cuba... ccc cc ccc ence cece nee e cerns 10,000,000 Pamama............. 0c cece eee c cece en enee 2,705,000 Santo Domingo................... 0c cena 13,854,100 Argentina.........0.0 ccc eee e eee eeeneeee 2,870,000 Bolivia......... ccc cc cece cence ee aneees 4,075,000 Brazil.......... 0. cece ccc c ence cee taneeees 24,000,000 Great Britain. ......0....00 00.2 cc cece tenes 673,494,500 France........... 0c cece eee ceeeeennence 220,508,000 Germany............. 2. e cect eee eae 2,000,000 Russia... ccc cece reese eecs 107,500,000 Belgium..........-. ccc eee cece eect eees 75,000,000 Italy... ccc ccc cece ee eee nee e cues 25,000,000 NOrway........ 0. cc cece eee ee cee te eeeees 34,000,000 Switzerland.............0..... 002 cee eeeee 67,000,000 Sweden ......... 00.0: c ccc eee nec eeeeeees 25,000,000 . Denmark............. 0.0. ccc eee cc eeeeeee 40,176,400 China... .. 2. cece ee neeee 13,000,000 Japan... 0... eee cece een eaees 107,802,000 Total... 0c cee cence ee tenes $1,794,019,260
Loans to Philippine Islands, Hawaii and Porto Rico ($25,500,000 outstanding) are not included in the above table.
During the first half of 1921, loans made by private banking interests in the United States to foreign governments, including the latest loan of $7,500,000 to Uruguay, amounted to $216,000,000. The largest foreign issue placed in the American market this year was the French 714 per cent loan of $100,000,000. This was followed by the Belgian loan of $30,000,000 made in February. Other large foreign issues since January 1 include $24,000,000 to Chile, the $15,000,000 Danish consolidated municipal loan, $25,000,000 to Brazil, and $10,000,000 to Sao Paulo.
