Guatemala - Summary report on Guatemala

BEST AVAILABLE COPY ERM141 141 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOF!~T ECONOMIC DE?ART1J!EN'T SUMt.w:tY REPORT Olf GUATEMALA Prepared by: J. Earghahn December 29, 1948  t IV, 1.0 '1~~t., 1 ~~11 H'm 2 }lgd1.111~l Inft~~ '\~1~tlt1:t:r:',1 :~l"')f.'l~tL}1'\ ,. .Al"~"j 1'1".11 th:"t<!ld e CoN".,~ :~.,.(')~~\et101'l , ~ Produetlt'111 '10talt1'1;1')1;,.\1.,,, t:'tt ::)1(1,~:r l~4'l.n. 8 Obiel. ~roduetlGa 9 1'104 prC'H!~lc'l. 10 Wh.' 'F1"~etl_ 11 ,,!,,tH :;;r,~$.'tetion l' lZ 14 L1T~~t~ck ;·'in·"'rf",l ,:'l""~~Yl/,ti~'!ft l~{hfitrlY;l U~ft 15 "n ilrortd 16 nl)mt"d1c',!1'11ftt<~ "r r~'ie l' Rlgb~,1' ~1J, 18 t4&t I}f 11 ","il'lr. f.irH~ !"i,,':'! mU, t;'<!!<' 19 2Q a ~.l~nO~t I':>f Ilftl'lfjort \1t b;. li:,q)ol"te 1~:. "rn,.:!. 1 1 ty t,. 22 1~1.\1~o,.t.• b;,r C('ffU'l~'7 21 ";Y""~r t s! 'h" C",qn t!7" 24 ?)r"H')l'ta of' cGff'C'I/@ 25 Gold 'J'I,;"'!t!'l"ttft, 1$ fl&ltU'lC~ t)f '2!1 r.o'9' f>l'lun(O:n' - i,m"~ ,. :~tYif!l~lt' it. UJ" ~ l'I 28 CO~l)d t 1 ~n "r ~.;~t""", 11' .29 CAntr~,l ~n1(... ~4'!t. 1',,,1': :.i~M,ltt 1f:8 ,1 :m All Oth,'rT\,·nks - NatiM~; 'i#l\'bt ~ ~u,<, l 1$t'hil U '\!U.!;  r------ - - - - .--- "--,, I I r I , , I~WOOD I .. _ .. J • I • J CHICLE I RESOURCES f • OF I • DYEWOODS GUATEMALA I ®~ • ( - -e>--- ~~ I ~e> "'NS I ,I ' LEAD SILVER COPPER SARSAPARILLA ~. . i I / SILVER I I 1/ , / ~ @ • CATTLE COffEE I . WHE~'f~ ~ ~ , BANANAS........ • / " 9 ""'~ TOBACCO \\ COfFEE ~ CAmE SUGAR e>~ /' - . ~ LEAD - COCOA COTTON  .POPUL.ATION DENSITY: GUATEMAL.A AND EACH DEPARTMENT. 1940 JJa,U , ..... I!" ..... 1.1 . . . ",. IbP .......q - ,lJ ol I '8 BRITISH o F H 0 N D U R A S p U B I;.. SQUARE MILE 0 F ~ r..:..:.'.~ UNDER 150 I E L S A L V A D 01 R rzz.J 150· IAIiJ ~ ~~ I150-Zgg .1# 111300 AND OVER ... C ./ F 1 C "",,"-- --- GUATEMAI.A, 7LI o C E A. N SOURCE, TAI!ILII: 3.  1~~--------+----4 @) Cobon ~---+---------+-------115 HONDURAS JIf ~----~-------+----~3d ..c ..,. /" Ilf 0 G EL SALVADOR so o 10 10 10 40 to "TATUTI •• LIIS --~--------~------~13 9e1 U. S. DEPARTMENT OF AGRICULTURE NEG. 15. OFFICE OF FOREIGN AGRICULTURAL RELATIONI.  Co F F £ E. 'PR.4!) [) U c.. T I £3 N POUHDS(T~OUSAHDS) [:ix:!l Less than 100 ~ 100·999 _ 1.000-7.999 (No States producing between 8 and 16 million pounds) _ 16.000~19.999 (No St".s producing between 20 and 31 million pounds) _ 31.000 "'G. In OFFICE 0' FOUl•• MIIICULTVaAl. alLAT1OR1  go. ~. I r'-'-'-'-'-'-'-'-'-'---'--, i . ! I I I " + ~ r.:e........,I• . . ..... ~t..... . , . : I I · · /CIII..,. I ~ i ". " l'6' ....... "" T E _. RAIUNAYS OF . GUATEMALA AM~Ii~::S ILWAYS OF UITCOMPANY LINES. AGRICOLA OE A. ~-VERAPAZ RAILWAY I-SALVADOR RAILWAY COMPANY. LTD. I. --PAN 'AMERICAN HIGHWAI' . 14' -NATIONAL HIGHWAY. , c .t MAJOR PORTS. D 0 R c o e E A H 91'  02' .0' HIGHWAYS OF GUATEMALA \:-_ .._.._.._: BRITISH """,.\ ....... ; HONDURAS "~ '\" ~ "",\ LEGEND Notional Hi9hwOJl Pan Am.rlcon Hi9hwa)' , -f . --------- •••••• + • +. +. 5,0101'101 Road, ProDO ••d _ _ _ _ _~._. Proj.cted Hi,hwop, Includln9 ThOM Und., CoftIfl'UCllel "-......" it ... i ; •• _ •• _ •• _ . . Inl.motional Boundar... ~ ; ._. _. _. _.. _.._.. _. _. _..___1 l i ~ + 4i-T ~ 0. ..... CJ o ./ ./ i / .I i : t-.,-.,--tP<~;;;;:;;:s # .'I ~ I J::' lr .... I. Culleo .. - ,. . ~ 'I' • I -. " i i'. '." \ " I . '\., 0" •• J..,..~ ~.~ I" _8 ' • ~. ~J>'- / . \ ~--,J:j~ . I '4' -14- SCALE 0' "ILES PACIFIC E \.. o '0 10 >0 40 '0 .2' ,,' ...  GUATEMALA: SUMMARY STATISTICS 60 , - - - - - - - - - - - - - - - - - - - - . , '---------------,40 EXTERNAL TRADE In Millions of Quetzale. 50 r-------------------II----', rCOFFEE IEXPORTS AND BANANA II In Millions of Quetzales r-------------+-~30 40 r - - - - - - - - - - - - # - - - 1 r--------------~~--~20 30 t--------------~~---1 10 ALL OTHER •• tJIII'~••••••• •••••••••• :P ••....... - -~..... ..... ~ ......~BANANAS o 'lit (J) SOURCE: I.M.F. SOURCE: BcIIetin del Banco de Guatemala 250 , - - - - - - - - - - - - - - , ,-------, , . . - - - - - - - - - - - - - , r-------, 60 COST OF LIVING IN TOTAL MONEY SUPPLY GUATEMALA CITY In Milions of Quetzales 200 1937 alOO 50 f---------#--~t----~40 150 r----------,j~-__i f-----/ f----------#-------1 f-----/ 30 ... I 00 ~~--...,...:;..'---~ 1-----1 N.r.- ........ NA. 50 '--'--'--",---'---'--..l....--'--'---'---' l.J..L.U.Ju.J...l..I.J...I..I I...U-I-J....U-.JL.L.L.L..I.J I0 ~ ~ ~ ~ (J) (J) i ; (J) (J) ~ (J) %:: ,,. (1) ~ ~ ~ (J) (1) (1) M J S 0 ~ ~ ~ ~ ~ (1) (1) (J) (J) (J) ; ~ ~: ~ ~~ (J) (J) (J) (J) (J) (J) (J) M J S 0 - - - - I 948 - - - - - - - 1948 SOURCE: I.M.F. SOURCE: I.M.F. ICONFIDENTIAL I 80~--------~ 20 r--------...., 150 r----.:::::::::====~ GOLD AND FOREIGN EXTERNAL DEBT U.S. DIRECT EXCHANGE HOLDINGS OUTSTANDING INVESTMENTS In Millions of U.S. Dollars In Millions of U.S. Dollara 10 Millions of U.S. Dollors 60t--------------~ I 5 l--------~ 100 t---------t:::-::I--- 10 5 r--~~I__-----_I AUG AUG 1938 1947 1940 1947 1947 1948 END OF YEAR ENDOF YEAR SOURCE: I.M.F. SOURCES: Various SOURCE: Dept, of Commerce I.B.R.D,- Economic Dept. No.268  ~t2i: ~~~~';; 1~ ~;'~~/~I /rl~$ •• '14 81 I • tt'~ • • .. .. • .. " . ., ., . . . • • " . .. . . . ,.. . .. . . . . . ., . .. . ..• • • . .. .. . . . .. . . . . 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" " " I !' f" 1, "l+ '. in. fl',,1J'!'h't , f.n<' '~l"J;;j;"nf"f'r "'?~'i C"! to vtII. . ...1 nu "r','l' ".;:'~ ..Jl;~ ,F~J~ ',:- ... 1~l~r~ l~~':;~ .. ~~'lJ~l'c':)~~'I I}!l 'lnt";T~l't'''h' 1:1"'0'" bel"ftftt" ':7If:.:·. :$2.6 tIlll: ina. orn.eipl .,t·,tldieB (fF P"YMP. liT!> f.-v""·,,,, ~ ~flJ'!n~f>AfOr l~ ~nt no (~I"!t, 1 J4 m'l. h"!' this fJ!~r~'l~U"~ ,.,;  -9- 7 J ? ! < 1,1  ,P!(}I't!'lh,,-l" :n. )94'7. 60: ( \ ,!"j'i;leh-' ')1,.2 !dl' 1~n 1l,,·t~l'Il~li.I 1 I I ., i r 1,.. >, 7\ "te t :, ;c,:.trk1:nl" /f . . . , . - - ........ .....,.....~ . .~---,"'" __ ~L_ _ ~ I 1 I " t"r.:k.("n th r, !)' ~ rr): '1','. !. ~'7i1 ~t in t1ln tn, ..' ?;"'«'!hn~ "~1P.$J ""ttr;d iiI) n.  s.,.. ~~11 ,.,....,- - (b) ,,:I!)l't e  K CpJ.. C·"'ltt· r'c l'tl "'~.'h" ~~...,.........,,_ -1; .. • _,., ::.,!':; 01 l'i":l"';l",·,'J' !"':fl' lfII,iI' • ~~ flt.lf,t ,"'1'}'l e 2}'4.9 (1+" • ~t Jlt:l,2 ,•. ,-1:1';.. Ill/" ' "'\.'_" 'J, t~ V""l' ~ 1'7,:3 2f,P.2 zet.~ 24~h ··~J.,.~r:l t4m~nIl':O f.fl.~ Ifl1:".'.4 zLe,' 1'),1,? ~n;t,w.J'e~ss ~,,4 l~.~ 20lt~2 53,9 Jut t. ,~., 1~·!:.9 44,,4 21''''> ,. ", ~2.Z ?q:~ ¥u(t.h1 t~·.1~'n {1': 61~:"i ll~.~ le'.l Cbltroll t.ll&n~ l)~7 1 !I;.'3. 4 177:1 ~rJ:) r~HJhtt~tfM\,~n,pro 41!,5 l'~:!"l r , l,~.llt) •... ',,, ?~'ft 141 17£~) !~~,2 \:"1110'1 tllt1 a ;1l'.n.tB hOOf l~l.Q •• r. ~'.3 17.A 16 t).7 ~? ., ::lllc}l$ 24.2 1)l.!..~· U!e.7 lA~9 '~"'I'l;'\j'.. In():, 4~.1 1 /+.'5.8 7ii..,2 Chl";1.11~111;" ~~l ~,.~ 1.,:Q 1:0.' "",. ',. .j&l8:Pt~ {'j,O 61,S 124.8 f;,J, "'" ~A,j~ ,f I';r~; }\.,!-"?w" )8,1 M,l 96:2 3(1.8 To t 0111 (!r;~I~\n 301.1~ Xst'bI'U 'f' p,.A 67,3 ao;~ 8,q. '7 15,8 9'l,j 8~.6 SJ~l tnt: 0 <:'~l' " l)f~ , .' • j ~ ii;f!l._t~""I.,..,'\t""~' )7.~ }.}~. r; ~)!'o 1.79.0 'Ji."tA,lh:tl), A\l fr'oPI1,JiliO '30:6 54.~ 39.4 .!.:- "'" i. 11: l :- 7f7,.,,- t;;r;':! "'.2 ;Vj..~(l FI.t_ 7& ... 1,7 U,~~ • D• ., 1. !~1.? 1,P.~fj.9 " .>'1 41". r:. ~ l~'" .~ l..'" ~r i' 1 .' eH't, ~r\ '''"''IS t""-l{o,. !ot·1'-'\ 1<)1:,6. 1':\- ~n.  Industrial and Agrlcul tural Production by frincipalProducta and J:;mployaent Index ~anber8: 193B II 100 11 !!atlow I~, In Q\lStsales or C\D"!'el'lt U.:::. DollareD' 19iDsi):i!ll product~ f~lgul.tYDJ. PrCld.~,gaV COlUJllSpt.ion 0.[ K1IgBiSU T9W~~I~ ~ I2!al (1) (3 ) (4) 5, ( 6 7 1938 100 100 100 100 leo 100 100 100 19)9 102 10, 95 lOS 113 1940 124 109 96 86 161 164 1941 18) 115 65 7S 200 1942 186 120 87 49 240 1943 201 133 114 28 304 1944 217 121 104 47 1945 201") 132 105 1946 The quetzal is at par with the Cl.lrrent U'.'s_ dollar. There 1s no goneral index or Industrial product.ion available. The inde)t;8s sbovn have been COI!I.puied fl>om etatlstios of cement production and eleotricity consumption appearing in the ~let!D de 1, Pireg9ign ~ngal d! FoWi"'.- , J,. ~ , - ' -. , 1 ," . JI TbaJoe 1. no general iQdex ot qrlcml:tural produotion tlva:llablfil. The atatistics on cof'tee and ocrn are baaed on the vol\lll6 or producti.on. 'I'be statistics (')n bananas are based on the volume or exportl!l, since production tigW'"e8 are not available. J,/ There erl.ts no adequate study of natj.onal income tn Guatomala. The statistics given were obtained through very rough and questionable teoh!U.qwaa. The 1940 figure 18 baaed on 'lstt'1lAtea of the Inter-Amerioan staU.t.ical Ill.IRitute, and \he 194) estimate 11 from the Of'fice of' the Coordinator of' Inter-American Affaire. A recent unpublished studT ot the Board of' aoverr\ora ot the 1ed8J"al Re"l"vtt System givee the following tl~8, aleo open to the same doubt., tor 19)8, 1939, and 191 ..0 re- 8)3eO't1.".11 i.n current U.S. dollal's: 91 adllion, 9''' 1li11ion, 85 m.illion. i-JOUl'CeS: WI.tin de J.I DlrtggiaS gtWal dt t:IWi,"gl, :1tUltema18 (';1 ty, .TUl'le 1946. Pan American Cofree Bureau, catta DtjitIt!SI. Release '{~'lO, New lork CitT. Leag\le of Nations, ~1eUi.tleal XellRsPsi. u.s. official l!IourcelJ.  1.rt"'\1$\ :h1,ita . ... r(~ r ~'~!1?',k '1" ,,';:,11 1th;"','lli::!";d~ ......__._·ow·_ ,1 +* I~l:,r 1m . -- t{i')1~1~ 1.169 -- -- '( ·';<·r 194i~ V!\J'l~ 1•.~~ '~t:'~r. 1 '9!Jl, !,Sltl!J! 1.162 * It 164 4~ iii 521 6,1~ ;"'JI":'l" CI)n\ 1 ,~" 1: $I It '* It '7,021 981 19·~(J ~ III 6:l2 1 '1.0,2 1,595 lc;l44 ... - - ~~ - - !¥ ;j " - If.'l';JUI l::loti fuClll '; t. (');!'ill! It n i4 ~ it Ii l1Ci 27~ Hi:, tt if If 379 40., 2(03 - ... - - - - It;;. ':)H; - 'SQft/9;J!~1' • ~,t'!ll'!ht'1il 11 1"" • .",~ ~ ,. Pl~nt" 1n. '1<'h~~;t '>lin;, c.l Ii ft " -q( ('~,. Z85 <' ,i; iIC • 1... ""9f) -- .. - .. T I)b!'<f!eo Ii " JO fi • 19 ... .. .. If - It if f:5 ~;.ott~ a - It It 11 j!l C~eJt.O '-.mt""'B If • 4"1 ~ J;I.O .. - - r1'ttU ntbt.,- Olltta 1')"'""'11~:rS b~J'l. II " If !l " II -, - Ie tf 11 lit .. lFrl1 719 1,) ... .... - - - JI;~.l' 1 i!tl' liro~~d ~;"$1;~ ",,,,,.1\11 l' 9'-f{fttJ.t. .. Ii " • » 11 11 f .. .40 le "2 If . H q} 11 1~ !'iO ... ... .. ... - - - ·:",~t K~~'" ':'" "',"'-nt, ~~, . ' "1" .. /  ... .. -, , ~. I' I :' 1"}1 .:..~~!l "•.,0 ;.?6t!.91 lqt;~r~ 7;;:· .. 1';. '1).~' j'·t'.nr,MR ~l~, f:;; 5,0 ~ "'2I"~ft.l tt ,?t. !? 1,., '} ~ ~. "\\1"( r ef<l'\11Jil 19.6J,. 1.J! :t',' ....tI "lit '!:"~I'" h~i'" ':!l.!...nt@ '. '. ;:1'0 I),fi . <? t.; 1. t'" t.h~'!· 11. ·~ .. Z  1 _'~- ,~L,ur~~ .. - ;:~;J In "'~i~tH l~. ,. ",,·ti '\t." 1 ''''!t' j~!l . . ..tdiJ ',,," !~~!4 :!'d~':• • _ 1911-'31' 1. r:.~. (.;.1.~ 19~ ... ~ 1,4f1, '7~.. 11');~ 1.42... f:90 10.40-41 1.~.~~P,~ 1,;>41-41 1. ;~2.(..20 1942-43 It~.9'J5 1~1~3..1lA 1,606, "21 19~.,45 1.628,865 194~ ... A~ 1, .4r", 1946-47 1,514."''3 '~'f~. ~t ~~~-_~ ~;' r.: r~.l~:i-tf,,\~ry~lt?'i. \'{Il. tv, ·'t'l'!Pl"O. y~.~!t'~l"(J Y tht"\'!G (h~ l~. ,r,., \T. ,s. 'J9 71' J~\. "I'''. 1.2.  ·,"'" , ¢ .... 1. ;~ " '"'! "". ..l.! "II '1 i . .. , 1 ') t, _.;,.:.. . ..... ,~ '.'. " " Ii " .-t~ ~ .~ ) • ... OUt.'t1VATli~l M!~J1' , .. ' • II" n.. 'M Wf ;Mi", 'J . . . a11Dta1 Un l~) 1f"_~(~~~) F.. ~ (~) total &Me . , n phil (1."1 tcDa) rcr~ m,lOO 'S.4 101l~ )16.iJJ '111.16 'loW. 7f8,m 100.0 tIwIvIttkIt (In (~tAls) p~ 'A~,OO) i\~whtte ~ W,lrQQ 1,»2,100 .io't4t "» ~ ~ 2.Jt11 . . . . Til) nuatAmlla:o ~ ~ lGl • .u 1~ ~. ~ td..Ua tn Gu.ll~ ~ tn ~ t.i1nc 5fX).C()O ~ 1n or 1944- ~~xeapt r_ 1943, ~11 a ~ of total fJ'~ ~ ~ ~bad bt ~ ·~ts_ f8U"l.y.all. at the O'.1tpu.t ~ :JUltl ~ ~ ~.  ~~i '~';e~(ii,t 'l~ as "' W ' , ,':Ii?BwwUJ ~ 19:11 );2,924 " -, 3O('l ~ ll'~ .~.lJ) 51)#573 1939 Zl,1/i4 m •.2l4 l!)1IJ 15,00;;1 ~J7'1S1'J 1941 2S,lQl 1,0l.3,7;u. 1942 34,00} 1,4i6,.02' 19J;J ,;;J,:W 1,326,31' 1944 34tJU, 1,6lO,J14 19M JIJ~36 " '~96l ""'t •..•  . ""',",'! '" _ I' Q ....... ,\('t1'1"e-: ill"1i!' i''''~. 1.~'-O 1, C',{) ~ ';';;'t 'in.~, Riol,!,l 1 q'1~"'-Jl 6!1~ Jl.• 292 1;.1 If:'i11-~2 c:. " J, I~q., '9/;.OW5 11.0 19:32-)) li.R t•• 1.;/~'7 :~J. 9t:"fi le,~e 1~;t,;-14 "'~". 3 ~.l,,"qg :!~>l;, :1 :::2 l'~~ 1. tnt/-J!i ~~l t:: " '!'YI,791 12" 193t")IlooJ(. h.? ~ "t ~Jl.62'? 'Lf.?,(} j,1))t,-11 13. ri .. I ,j., ~". lLl,2,OQO lR,2 1 931-'3A 1!;.,"';~ 1~1+t:f1 12,4 ,.; ..... et l~.ll() 17f3.~Z5 12,9 19)8-" .. " ~ '" lq:~M') ~.:;;.:; 21,~21 26Z. 17,,9 1#.-4l 21.9 -:.£, 265, It./~ lQ,t~1-42 2'9.. 5 ~9.?f1~ 2():3.7(/'I 11.1 5~lre~1 ~9~I~irl .tft\i~\I~. - v~+ ~t~~ rr~~ V,.,1. HII! '.  1,. -'' ,. ~~{) .~~&r~! .'!T 19,C-'ll Vj.a l~ n,.? 9.1f'O ~l, (";(,5 8.9 19")1... )2 1l;·. '3 ~(~'j 114. !) ~ 'f UP-. ~tn 1!4c. J q 1~2-;) 1~,.5 1 .? • 11'.... 2~1 12.0 191'~-14 1' .. 2 9, ~,;1 ?q.P;~2 ~.o 1934-~t; 1~~4 171 ~ .... ~ lr:',~·~ j il.~": q.f'. 193'-)6 :,?,-' 49.6 " 2')C If'>.f', 13. 'lZO 21\ IJ6.~ :r~9. \')~, 10.2 'A lQ~'" 11.( "!"I f.7) -',,,111'" lQ,"1-18 4? .. 6 ~91 ~tJ ?140, 211,,61 9~~ 1~~ ~l 1. 9 2~ ZAA,f.lf< 1l!IJ1 19j9-l ;e U7.9 ~~ 1" .'1 27,1"" j'3f\,1f£f 1l!9 194o-bl ~:A Ur;. 12.~ :;q, !190 )~I:fqt 12.9 19l~1-42 fl. "3 B20 13.' 11\'~fj l.t.~~.2m 1,,6 "'1("\,,,1 f;t· it f,,~ ... 'S - ·,:<t". r,t", ''''. 2Q1.  l;'2~ YfJ2 ~?~, !1!\4 f'i~jJ (~...s) 167.8 JR.? :II 3941 1I.I;t.. 545.' ~ it b4UloDa) 5.1 .... 5 ~, 1).0 31.1 n.a• 1..,.",. iI (.lU,....> 1.4 .4 10.6 lf~.7 lloa.. 61 fl'fa l,;'l~t')t l' lrlC ;t:ipl.ate ~~ ate.tiatJ,C$ ~ ~~ !lSu1"''''ir~t of" ;;~~Ui:l.te'.I~l'!,. ~~, A.ssocd.atea. Guats~ Clt.1_ Vnl. .. II. pp., 2:1)_ ~·~244. F~~ QaMJa ( total laead) !bxbJr~~ i1.~i. lI!I&flMt' f»ef 6;."ld ~ 4 , 1wtQ ?'J1,lIt1 Hldes _,,<IB.~ 5,m,n5 4.1..00 Value 1~" 2,008,604 ,--,il.JIIL 3,&3,"111 16.;l3 1< l1.IJ! ~ ~ ~ ol:l:l'oalta Metric 'one 97 442 600 Obroatia oxide R • 4, 211 ,00 Gold JI Tr~~ OUftce. 126 66 36 Led Metrie ton. 136 115 1,1 Kl1o~rf'<me 46e 1,156 ,,689 lroa 150 metrlc tons ner month (au")ronme,tely 12,000 metric tona &nnu!C',Hy) hlpha' 10 metric tons rannu.ally JI Slftce 1941+, gold h~s oel"n mine(! by hl'lnd. when the only d.redging COl'!)y}P...ny ,.aed .,.raUone. 11 Th. IIIlalag of ouart. cr:retltl ,~ttS discontinued in 1945 ~I!J i t 'becfl~ 1IIlprotl'able. ]t.'2'~1_ - .A Dew :!,etroleur ll'!w 'lmS nreaented to Conf!;ress in lJeeember 1946, _, as yet no action has develO'Oe4. A1thou~h there are 1)otentia1 011 relHIM'eS . . . . the eXploitation of 011 ~9Uld be '\J1'ofltable, aa4 several U.S. firaa indicated interest. no definite step. will ,be t&kea until the ney legislation 1m ~~sled. So1U"ce' U. S. Jureau of Mll'1~HI. Mineral. Yearbook for 1945 £'.nd 19Lt6.  . ''''''.$ 1"~--1 """,,' (.-;" ~ k ) '\." ,. ':"\', ~~ !,'J ... I-" \ i''; f-'I-'~ • ~, t ¥',) •• •f'" ?:} ;;,,'l~, • • • \"J • • (~\ j~;: '''' .. ~ -..J; '"", • .. ;,..,,r \...; "" '\~"j t',) ... ." \.-l 1",,' .. ". . \.,oJ. P"'i-I ',,,'.' \., "", '~.J " \cJ \"A \",,,' e ..... • • •":, -,...j .. - $ "'~.l -~l -~ -"'~ ""'.,,!  3ft $@W"f)l'""8 ......,....... ,ii..a ':",""" """"", JJl(;l~'" 1}.37:1.rYJ.O ."_J ."t j$) • "" • t' IJ • • , 1'37 ;1,:' .2 ." 1:13) }lJ./ 1) ," .~ 11;l liho 1,1.60 11) ;~~l,ll 1~W., 1, ?ll i..... );)---; l.)h.:~ 1,1Nl1 ll,(;.} 14h.l hU ,;; :'7,'.6 :,n '~' 194.~ j, ~~ 1< ~~l}.n ':'t\ilJ .1  ". ,  i121 . . . . l~ 1~a\1:i.~~' P!lW<i )0 .6 15 9.J 700 k"J,).() 290 '"':> If~. Y _ lt/~.S l11U .1 3,035 1,es'.7  oo.\'l"~li\.LA" UHf.(k;D S!i\-rr{;;:l, "111'1 iii IiL' d 1$:4 . I t j _ In .. .M b I' J J, .4, ~ ••.ifItr laIa6 JSIZ ,~ liDII:Ii. '-hl4~ lfJ1'1 • 100 19' 196 it ...;1 - 6 Sal~ 19~) -laO 1932,L!j "13 231 in? +20 1937 -lOO 184310 4- 14 1~ 220 +16 1911 -lOO 1" 171i1 ... u 200 ;~22 + S 1931 *lhJ J/ 150 171 "'14 J./I) 166 .11 -lOO 1361" .14 l4l 176 +26 jJA~J~,. iI A"..". J~.. 1I A~ J~'1o~" • .. 1 I. .... 4  Taw,. U hJ.MiCl QI' tRADI (ift thouaa• • ) IIQwt., ,. laKy P,rlod Kil08 Value Cit Qulatal.. Value Fob Balance 1939 207.292 19.120 6.287 18.728 33B 1940 246.786 15.834 5.010 12.039 - 3.795 1941- 2)8.588 16.(')99 4.653 14.503 - 1.596 19.42 178.069 13.672 4.150 20.4)8 f. 6.766 1943 139.465 17.850 ).092 20.154 f. 2.304 1944 179.022 20.'70) 4.12) 21.85"1 f. 1.154 1945 217.413 23.349 6.028 )0.436 I- 7.087 1946 259.181 36.204 6.541 )6.680 f. 476 1947 32).961 5'1.319 1.018 52.0)2 - 5.287 1948 JAB Feb 46.475 17.10) 6.47) 4.790 ,,, 738 6.1)7 3.992 - JJ6 798 Mar 31.238 5.034 703 S.11.3 f. 79 Apr Mal 41.52) 20.922 7.029 S.4fY1 a"~ 7fY1 6.213 4.735 - 816 672 .run 28.8'77 '.482 193 4.765 717 Sovce, Direccioft General de Adu.&'Da8. Solatin del Banco de Gataal., No.4, StepUem.bre de 1948, Guatemala.  ~, )i_ ~ ~:{-;~~ l::,nll 584 Tallow 1~aw tQb,,{;:co Ct'lent. 1,3.)) 31+ 317 , ; 2,2)) 1, Tl"actar ~~ : : )t~:;~t,.~~ .)u. !l:t ::.~ flUt\}; £:leett'ienl I'1¢i;.erial  ~'l;~' i~ ;J til •• It • " II 'I")',~ ~~~t - '~ J j / , 1 •  .i Table ,1 .. , , , <. By Principal C~itles J/ in !.(uet.sales or Current fJ.~,. Dollars 1/ , and Pe:roen'tages ot Total Exports .A11 ~ ~ ~ ~ QEQS11 (4) (thouaand8 ot que1,sale.) thou&liUld8 ot' current :J.S. dollars) 1936 16,786 12,260 ),887 175 464 1937 17,634 12,060 4,4/.6 403 725 19)8 18,0J.2 11,686 4,909 640 307 1939 18,600 10,983 5,662 936 1,019 1940 11,883 5,421 5,162 641 659 1941 14,402 7,920 4,388 1,226 a68 1942 20,395 13,637 3,264 1,426 2,068 1943 20,lJ6 13,7)2 1,600 1,326 ),478 1944 23,8'~ 15,452 2,983 1,610 ),812 194' 30,43 17,717 5,919 2,553 4,247 1946 41,607 20,)83 8,688 2,956 Q,520 1t14? 55,817 )1,856 12,088 3,96"1 7,906 (percen.tages of total exports) 1936 100 7) 23 1 3 1937 100 68 25 2 5 1938 100 65 27 4 4 1939 lOl) 59 31 ; 6 1940 11')0 46 41 5 6 1941 100 55 30 q 6 1942 100 67 16 '1 10 19.IJ 100 68 g 7 17 1944 100 65 13 7 I; 1945 100 58 20 S 14 1946 100 ;0 20 7 23 1947 100 57 22 '1 14 11 F.xpol"ta .include rtleXpOrts. .Data include export duties. Gold haa been eubtracted fro. total export.s, 8S 1n Table 4. (See Foot.note .3 of Table 4) ~ Cuatemalan quetzal•• are equivalent to the cUl"J!"ent ;,.$. dollars • .v !?roYi.tonal. 8,S the gold deduct.ion i8 an El8timate. Sourc.s: Depa:rtaent ot FiDana8 and Public Credit, Mporll de lAI Lfi:!q1'!1 SIll f24tr llIJ!S¥t~IQ, 1936.1943. Dstleyo $i,l BI!Jl9 sIt q.:tdJMlA, llo. 4, Septiembre de 1948, Cuadro ~o. 20 u. S. otncial. 1IOlU"  B7 Principal SQppl1er Gollfttl"1ea 1n _t..:lee 01" C'lll"rent. U.S. Jloll.ea 1/, aDd PeroeDtap_ ot Total Imports UIIltecl ~~ All ~?~P!~ 4) ~~ (t.housanda or queta1ea or thousand. of CUl"rent ll .. S. dollars) FOB ftl .... 1936 1937 1938 "" 11,512 16,743 16,"16l 4,877 3,568 7,588 5,429 7,492 5,881 1,051 1,393 1,024 373 267 145 1,643 2,066 2,219 19)9 15,296 8,3)2 4,129 595 172 Z,068 1940 12,667 9,)5) )62 )10 257 2.)85 1941 1),416 10,5)4 46 439 325 2,072 GIl ftluea j/ 19.42 1),672 9,6)8 2 478 1,000 2,554 1943 17,850 10,8l0 1 740 2,96l 3,))8 1944 20,70) 12,744 369 .3,740 3,8,0 1945 2),349 1S,744 )9) 3,419 3,?q3 1946 J...sep 21,805 13,24l 449 2,969 5,l46 Jan-nee 16,2Ol (percentages of total 1.mports) FOB yaluee 1936 100 42 31 9 .3 15 19)7 100 45 32 IS 2 1) 1938 100 45 35 (, 1 13 1939 100 54 27 4 1 14 1940 100 74 .3 2 2. 19 1941 100 7q J 2 16 GX, 'ftluee 1942 100 70 .3 ... f 20 194) 100 61 4 17 18 1944 100 62 2 18 18 194' 100 67 :2 15 16 JI Data lnelude a .,ligible amount of gold. F01" t.he year. 19)6..1941, .,.a1uea tor total laport.. and aparta by cO\1Dt.ries weN reported in tbe Guat_laB atatlst.lcal offlce on an £'.0.13. ba.ia. Hoveftr, tor toal import. only, "calculated" C.I.F. values, derived by th~ addition ot an arbitru"7 paraentage ot total '.:).8. values, vere reported. Tbis percentap vu 25 tor 1936-1940, and was oha.aged by decree to 20 tor 1941. BepDll1ag with 1942, total ilIporta and importa by country ware reported OR a C.l.l". baaia, with all additional entry showing F'.O.B. va1uea tor total illport. onl7. if The quetul i . equivalent to the eUJ'J"ttnt U.S. dollar. JJ Data IIhow are the 818 or tho" reported for 'f~ngland, ~>ootland and PJorthem Ireland. V The oorJ"9apondlng caloulated C. I .F. value. Ill"8 a. tollow•• ot quetul•• or thousand. t.h2UMd1 at gurnpt p.s. 9911 .rl 1936- 14,390 1937 20,929 1938 20,952 1939 19,120 1940 15,8)4 1941 16,099 j/ the COrNspoDding "'POrted 11' .O.B. value. are aa tol1ow., thouaanda 01' quetuloa or ihoMJN1d' or aurapt R.i. 4tJ. 11t1 1942 11,712 1943 15,021 1944 17,700 1945 not ...ulab1e 1946 Jao.s." not aft11ab1e Sow-o... Department ot 'i_race and Public ered! t, HI Emis: EJ,qv\1m, 19)6..1943. HPorJ.' sit II' WHoa. General Bureau of cunoaa, Dol'tiD de Mppa" Karch-April 1946. General Bu!-eau of statistica, BqletiA, January 1947. u.s. officlal sources.  By Principal Cuatamer Countries in ~~tzale8 or Current U.S. Dollars 2/, and I.leroentagGa or Total l':xpo:rta ~ uta., SHHI 2) Qemv ) tfe~tJ.WI ~ ~ 4) 5) All 6) (thousands or quetl81ea ot" tboWl8.ftds or current u.s. dollars) 1936 16,786 9,766 3,2(i, 1,159 66 2,589 19)7 17,634 11,079 3,174 8)1 254 2,296 19)8 18,042 12,381 2,6)) 942 101 1,<185 19)9 18,600 12,952 2,182 1,015 149 2,302 1940 11,883 10,794 246 68 775 1941 14,402 1),282 575 545 1942 20,395 18,785 1)7 1,47) 1943 20,1)6 17,972 97 2,061 1944 23,850 JI 20,754 J/ 1,292 1,804 1945 ]0,4)4 JI 27,594 J/ 809 2,031 1946 Jan-Sop ill 29,881 25,561 24 1,699 2,597 Jan-Dee III )6,678 (percentages or total exports) 1936 100 58 19 7 16 1937 100 63 18 5 1 1) 1938 100 69 15 5 1 10 1939 100 70 12 5 1 12 1940 100 91 2 1 6 1941 100 92 4 4 1942 100 92 1 '? 1943 100 89 11 1944 100 87 5 B 1945 100 91 :; 6 11 Includiag export dutie.. 00ld is iDolllded ill Guatemalan trade sta- tistics. In this table it baa been IlUbtract.ed tr01l the total and from ezporot.. to tbe !jftited ~"tates, the only denlnatiol'l ot INCh expo". dUJ"lng the ~r1od covered (with the .xoeptioft ot a Mgligible &mOunt to other co_tries 1n 1943). The aowt. aN a8 .tollows: thou.aDd. or quetsal•• or "nJ.illl9dI Rt Ql!rt!p\ U.S, 491lar;. 1936 141 1937 271 19)6 192 1939 182 1940 156 1941 101 1942 43 1943 18 1944 7'; 1945 2i1 AI Ae Guatemalan exports or gold in 1944-1945 are DOt available, thi. 1e an eat1Ju.te based Oft iJnited State. laporte f'r<:Im Guateala. ?IJIGuatealan quetaal•• are equl'Yalent to current U"S. dollars. Proyidoaal, a. the gold deductloD. Ie an estimate. j,/ Gold export. not aftilable tor subtractl,,)Jl rr. the .. data. Sourcest Oepartllent or lI'inanee and Plibllc Cred!t, HtIOt11. 1u Labore; del Poder EjecutiYO, 1936-43. GeneNl Bureau of' Customs, Qg"tlD e M.DII, Mareh-Aprl1 1946. General Jhlnau of' Stat.istica, 104,,10, January 1947. u.s. articiel S()urces.  1t1e ~11,.:!.! i , '. t'· 1. ~n, "1\'l;'&"~' ';;<t "1 .~ ~','! ,.;1 ,t i"', ~'. ,"\ fl. t~l 1~ .,,~(' "~1 "~ ~,;"~1(;J§:i. "'. /1.  ',4 i(,. Table'Z5 ' GOLD .Am) FOREIGN ASSETS }/ (In Millions otDol~ars) ,..~'", ... -.. ' ~""~ , ........ ~ ',"j!<8IiI'''''' ,,' ~~:,'t'~~_",!~. ....;' t.~ 1ft :aj;~ ", "",,1.. -,",'~" ., tl~,~ ',III ;-'1 JI l!'~.1 l.~~ - - (.(, .'- .!. ~ .- . •5 .::1' ")'.9 - - 5.4 t".? ~.r'! 2.4 <~.l "~. ;:} - ... 1.t'J qA '.,'". 1:'.5 .4 .2 .4 ,.4 .-' l~l .1 .~ 1':',' 11.4 9~1 .. ... 1.741 9.6 1J.• 2 2.1 J.6 - - 11.6 It,~.g ., ,~ .... ... " ,j ~5 1#"1 1.:z.5 lti.9 (.;.2- 6~2 ... ... l~ l'~·.tt Z4.fi 29.5 £·.1 .... t or,',..! 4.6 1.0 Z?;.5 ?J.Cl )4.0 .4 l.!) 7.9 1 .. ~.9 .4 1.(:, 1.~ 1.2 l.!! :~., J~.8 jfl•• ~ 11.£ ~.5 ~.6 }J/ !I 28.5 :;~~~6 H.5 l.(\ !6., i49.1 In.O l.,~ 1.0 2.4- 2~5 1.:2 !¥?6 1':t. 5 1941' ;?7, 2 1?!2 1.0 ! 1..5 1~5 1.0 1 ~~.5 2.7 .~.2, ~.8 ~j.7 - - l~ <~'n, /~b. M:e;,:r. 27.2 .i!I.2 27• .2 ::7,,2 l.~ ltf; 1.") l,e 5n.t: ;'1'.0 1~5 1.5 1~3 hPJ 1.1') l.r: 1.(, 1.l:j 2..5 ':) f\ .. ~.''''~ ... 2.5 ;;;' "5 :!.('; ;'':,4 3.0 ;!.5 ~5 ~'~'*? ~(,., ~- .1 - - - I, 27.2: 2't .2: .• ~ "'; ..... 1& '~~.9 1." 1.~ lP).l) t.tA.~ ~.1 1,D If~ lt~ 1.::5 "'" Z.~ ~ffe. '~.' " 9 J "9 ~ 'J " C::;4 .. 9 li!::"!; 2 " . - - .. ~7.2 27.2 1".1\ It;~~ 1.0 1.. 4 !.I.t. 1.t1 1.0 ~':.4 ;~.t;, • .' '? .. • ;'-"t>- ~.,.~.~~ I,,":!'.:(",- .. lot! - ~. "li .. !'1 - - ~ 27.1 lEi.l" ... ',!:f~r~tv;.h r;;~f.Il t , J' ,'ft,:.flt '\ ~'~- ,~~-,., f--¥'--~f:,-~-l £\'l';~1:ft.' ",,,,,,,., . ,. ·~;-t' ',,", '. t" ~., "t_ ~ .!,~::. :7,1• , .. '? ,,~. t ,\~. -:!.; ~':r. ~~f'::',·'_~~" ~".~ "J:}: " . 'I Jl ('; ii".~ ~ ." .. t 12 ~i '1"'~ '" .,~.,! 1. , ~ " ! ~~':!,t .~, ~. c~tj • ,. . ,. ~.,/, ,  Balance ot International Payaenta for 1946 (1n tho'Wlaflds or quet..les, 1 quetlULl • 1 u.s. dollar) Debit Credit Balance I. Current Tranaact,ioDe Merchandi.. Imports 1bcports )6,140.3 - - 1t,o.9a~.~ -.16,140.3 "O.i§~.~ Subtotal )6,14".' 40,9A5.5 4,84S.2 Services nlplomatlc and oonsuiar service 729.2 957.2 I- 22a.O Institutional contri~dt1oDS 187.9 1,141.6 f. ClS).7 V~tlon picture and tbeatrical royalties 219.8 219.8 Rend ttanefts Family 122.4 63.5 58.9 st1.v!ent 37.8 37.8 Int~Test and dlyldencis Lxternal debt 29.7 29.7 PriTate enterpri... 8,746.1 27.9 - 8,718.3 Various GOVertml8ftt services 43.0 43.0 Insurance 954.' 502.~ 4'1.6 Tourism 1,094.2 1,33.3.9 f. ?JQ.7 Banking commissions 7.6 4.6 J.O other services !iubtotal 12,172.2 J,1l.i 4,145.0 t llll~ - 8,027.2 II. Mowment ot Capital Short-term 401.4 990.4 ,t. 589.0 I.ong-'term !lubtotal lGG.O 5nt.4 i·~·fa ,632.0 , il~".6 ,1)0.6 Total, Current and Capital Transactions ~1812·9 21 ,762., I: 2.9/d,6 llI. Changes in Gold and li"orelgn Excha.oge r'~.ae"e8 ! ttereaae ingold 1.1 1.1 Increase in foreign exchange ),164.:3 - 3.164.8 Securitie8 abroad realizable In fo~elgn exchange J.m.l 7,163.2 -J,m· l - 7,13.2 tV. Unexplained Rnlance ir .. ~l'.§ I: Ar.61,.6 Orand total 55,9'11. 1 55,977.1 Source. Banco de GUll tema1a, official estimate. . , -;. , .~~!~ "---t ,. t_h r-' \" :!" <, ., .l!t"'l'''' !-~~(" ,. 'i.4 .......-..~....,."""""~-- ,"'- ,-"'_ ......... " !~- 1 '1 •1 ,. ., '.,1 1 ~1 !") .~ '') .... " ~ 1 fi.~,f,t-41 11.( 1 f 1..1 ,. ~ l''';}rl ...i~? l:~,o .. ,. ., -1, _, ,J ,. '1 1 ~'i' j ",7 ~ .0 19l.;).••t"lJ • '" 1 t_--!t~ liJ.8 i- .0 I) . l~ , Q "l ~, "" '" t , ':! l- 19!1rr....46 ln46-iJ·7 2'?,,1J, I ..,., '::'~'.;. e::. ,_ I - .. 2.0 J'~ ,~, ,-, .',-,-'- i _~'7 ~'1 . ',- U fa it.Jv.e- ;;-;:~. f, . £1  1 !';fU'~ "If .' ~l"t ~f!'J Pft) ij d'~ ~.;, -,~i,. jj {~ oY"'rn"'~' l! '§,zQV t.!L !:I l~ r"<'. ",., . .' F;.t 1 "'.f, () 1(),7 ".7 C 11,.1. .. f: "'. ') 1918 9.0 ~.1 l;·~-. 3 19" :;). 1 5.1 ll~. 4 ;;,9 l~ (;I,j e~6 14.~ 5.7 l()fi.l 12.0 5:6 11~6 1.1 l~ 1~:4 9~f5 24..9 n~' 194:3 lA~i!\ 1,.,.t') ,l;5 7 .. 9 1()44 23.3 1.5.0 ,~,' 1,2 194-.1} .;!;?1 la,." 4:5.9 2,4 l~ 194.,. :;:1. a 1\ 21,0 20.4 51.5 ',.1 l~ .r!ll;:n.~~ • 'tt~!"nf"r,f ~1,.., ';2.1 21., ,~2Iil 52.2 !I\)~l ~.1 10." 11,4 Itt,S '2;1. . ~!"rdl 22~6 It !!I';;::;.2 l~" • t,n:rl1 12.5 ~ , ;:2,9 ~t4 '9.7 • II ~ ·J'ttn~ ,?ttl,- ;2,1 ,2,4 12.1 ~O.2 ~o·. ~- l~.l . 52,2 52 t 8 &,}.1 lO~' 10,7 11.0 tt ;~st ,2., lA.o ~., le •., JI ~~t"f, ".Til', ~i")o1ft in firt.'!"f'Y~l t,l"f'\,.. ~~11. t;~'t' e.'u"T!"l'If:!Y hf)lif1~~ ;'!i'" th~ "n.) (")thf!!ll' ~'!'tk•• 11 Ch@dd'l'l« t11:!~Jl.!.tj\'i t~ t~"'; ~~;~tt',';l "".,,1, ... ." oth"'7', '!::':n,l':s" .' ~'f" ~';'M d~-l).li\H, .,(!' thf'o t':'~""M'I'!flnu' u~ "C"" cid -mt!t j .., l" ,',no 1"'tt!\71:l'(ia.~ \ ';1?d ts_ Sl'lrht !~1~~~ftftt~,ft C~~J~ if") rnUDdl1i,[,r f' nenotJHJ;IO'1'" th." !"'r~·Wf''''!l!:''''mt ,,~ effie.' 1 ""'lUtlH tn _____________ _ .• • _"..,._' _ .. ... _ ...... ,_~_~ __ .. _ftili" ·... I1 ... _ M b " . l I ! _________._Wto_iII..""~ ______ .. "' ____ or>' _ _ ..  X.Iil! ~2 JWm§ AlJP LlABiWTI~S 01 fbi CEfljf;,Al, BAiil 11 (m1llon. of qwttaal.8) • II • •• • • I A§IEl:~ LIADJ;kll:IE~ Doaelltle Cheoking itaml CD'bl1t DeP2B" .. i 11 • ..., • ..., , 1. 1.!l I • 0 II I 1! 1'1:1 ,i CS,... ...., i~ ~ . I I " ... I) ill o t:I III ~ .. ... III~ «I ~ ~ ... ..... ~E ....... lOti o G) '1-= I 8': ,,... -..i Q)", ,... II o .-I !~ 0 "'0" ~ ~ 3 ,! • ...... I I §'S 0 j i~! .. - ii .c '8 ~! -~ 19)6 - M 0:: 5.1 - - /S~ .) .... CQ~ 6.9 ~ 2.0 - - - 0 'Z:u i-I 14.3 o 0 6.8 .2 8 2.0 2.3 - ClDOj 2.7 - - .3 14.) 0 ..... ~~ 19)7 6.) .) 8.1 2.2 16.9 7.5 .2 3.2 3.0 2.7 16.9 19)8 1939 7.) 8.9 .4 .5 7.6 7.7 - - 2.2 2.3 17.5 19.3 7.7 8.1') .2 3.9 .3 4.9 2.7 3.1 2.8 2.8 .3 .2 .• 3 17.5 19.3 1940 10.0 .5 7.9 2.7 21.1 8.1 .2 5.7 4.0 2.9 .2 21.1 1941 1).3 .4 S.2 2.9 24.8 10.7 .2 7.1 3.7 2.9 .2 24.8 1942 23.9 .2 8.5 2.7 35.3 14.5 1.2 8.6 6.1 2.9 1.9 3'.3 1943 31.4 .1 7.6 2.9 42.0 17.1 3.8 7.9 8.2 ).0 2.0 42.0 1944 37.1 .1 7.6 1.7 46.5 21.6 4.5 3.2 7.3 3.0 7.0 46.5 1945 39.4 .1 8.4 .7 48.5 26.0 6.0 2.4 8.9 3.0 2.2 48.5 1946 Jun Dec 44.8 46.7 2. .W s.o - 2.2 1.0 .9 5).9 '2:1.4 52.4 32.0 9.0 2.0 10.5 2.9 2.2 53.9 13.0 4.8 .5 2.1 52.4 1947 Jan Feb 48.~ 2.6 SO. 2.6 - 1.0 2.1 6.0 54.2 32.4 14.1 4.7 58.8 )2.7 14.0 4.6 .5 2.5 54.2 .5 7.0 58.8 Mar 51.8 2.6 5.7 60.1 33.2 13.7 5.4 .5 7.) 60.1 Apr 5:.5 2.6 5.4 60.5 )2.7 13.4 6.3 .5 7.6 60.5 May 52.1 2.6 1.5 5.6 61.8 )2.4 14.1 6.9 .5 7.9 61.8 Jun 51.3 2.6 - 1.5 5.4 60.8 32.2 13.4 6.8 .5 7.9 6'1.8 Jul 50.9 2.6 - - 2.5 5.3 61.3 32.0 1).6 7.4 .5 7.8 61.) Aug Sep 50.5 49.3 2.6 2.6 2.4 2.8 5.4 5.8 60.9 )2.a 13.1 7.0 60.5 Jl.7 12.4 7.8 ., .5 B.O 60.9 8.1 60.5 Oct Nov Dec 48.6 48.4 2.6 2.6 - 2.9 3.0 '.8 5.9 59.9 32.1 11.7 7.6 59.9 32.5 11.2 7.7 - .5 6.0 59.9 .5 8.0 59.9 50.3 2.6 3.4 6.7 63.0 )3.2 12.9 7.8 .7 8.4 6).0 ..  Up to ~TUft8 1946 tlw figure. are tor the Buco Cent.ral de Guat.tmlal.a (the old sai-otneial 08ntnl bank). Fr<a nec_ber 1946 on, t1gw-es a1"8 tor 'the Banco de CUatAaala. 1/ From this date 011, iac1_•• tl.) rdlllon ot the gold contribution to the IntemaUoaal Mo_taJ7 Fund. JI FrOII this date OIl,"pre,,". or a llOD-iaterest. bearing bond the Gua:t...lu. Go....1BItnt. to I\IU"IU'1tee .... cob. lAud bJ the Treasury previa_ too the eetabliellaent ot the .Banoo de Guatetula. Source. !ill'. Board ot GoY_mora or the Federal R. . . . . S7stea up to JUDe 1946. Ji'!"om Deoember 1946 to P_beP 1947, . . . . de Guateaala. ot the Han.co  labl. 10 ALL 'biiljS OTHER THAN CENIRAL BANK ~SSh.S AND LIABILITIE§" Jd1110Ds ot quetza1&_) A$~BI§ L 1 AB 1 L ~ I ~ Fa a Domestic Check!. Ream' emit Depo'"_ -S M • 1 'S , , • .=• III ! l· ~ ~ ~., ori I i e, ., .... · II) ~ .,. ~ J~ .... 0 I)~ tl I .-! .... 0 I; i~ J s; I U I) e ..c Jot Il cr< ~j I i! !~ 11 2 3i .,'2 .~ ! ;: orl ~ k .... ~ ~ ~ .... ~~ ........ 0 i c ., J: i! i ... ! ... ~! - - -- - - - -- ~:1 0 0 0 0 -1:4 I-f" jot 0 '" - - 1936 .8 .3... 1.1 10.2 10.2 2.6 1).9 J.O 3.1 .3 5.7 1.8 1).9 19)7 1938 1.1 .8 .4 .3 1.1 U.3 1.4 8.2 - - 11.) 8.2 .8 14.2 2.6 1.9 U.5 .6 2.9 2.6 .8 1.0 5.7 2.2 14.2 5.3 2.0 u.s 1939 1940 .7 .5 .4 .5 1.1 8.0 I.!') 7.6 - - 8.0 7.6 1.6 10.7 .5 2.1 10.7 .5 2.0 1.6 1.1 1.1 S.8 1.3 10.7 5.8 1.7 10.7 1941 1942 .7 1.0 .4 2.0 1.1 3.0 7.5 6.9 - - 7.5 2.1 6.9 2.0 10.7 11.9 .5 .1 .1 1.7 1.1 5.8 1.5 3.3 1.0 5.8 1.7 10.7 11.9 1943 1944 1.2 1.8 4.) 5.0 '.5 6.9 6.8 7.5 - - 6.8 1.8 7.5 1.6 14.1 16.0 .2 .!v 5.5 .8 5.8 1.8 7.4 .4 6.1 1.8 14.1 16.0 1945 1.2 7.0 8.2 q.2 - 9.2 1.8 19.2 1. 9.4 6.) 2.1 19.2 1946 Jun Dec],/ 1.8 2.7 10.0 14.6 11.8 10.3 17.3 20.8 - - 10.3 1.3 23.4 20.8 2.8 40.9 - 1.#11.6 .4 6.5 3.0 23.4 ft.a. 21.0 .6 9.5 9.8 40.9 1947 Jan 2.8 15.8 18.6 19.8 - - 19.8 3.5 41.9 - D.a. 21.9 1.3 8.2 10.5 41.9 Feb Mar Apr 2.9 3.2 2.9 15.5 15.3 15.5 18.4 18.5 18.4 19.8 20.0 20.2 - - 19.8 2.9 41.9 20.0 J.3 41.8 20.2 4.7 43.3 D.a. 22.9 1.4 D.a. 2).2 1.8 D.a. 22.8 2.0 8.2 7.8 9.0 8.6 9.0 9.5 41.1 41.8 43.3 May Jun 3.1 3.0 16.0 15.2 19.1 18.2 20.5 20.8 - - 21).5 4.7 44.3 20.8 4.7 43.7 - D.a. 22.4 2.0 D.a. 21.7 1.9 9.2 9.1 10.7 n.o 44.3 43.7 Jul Aug 2.3 2.5 1'.5 15.1 17.8 17.6 21.3 22.0 - - 21.3 22.0 4.9 4.7 44.0 44.3 Il.a. n.a. 21.3 20,6 1.8 1.9 9.0 9.1 11.9 12.7 44.0 44.3 Sep Oct 1.8 1.8 14.2 13.3 16.0 15.1 22.7 23.0 - - 22.7 23.0 4.6 6.2 43.3 44.3 D.a. D.a. 20.7 20.0 2.2 2.2 9.3 10.6 11.1 11.3 43.3 44.3 Nov Dee 1.9 2.2 12.8 14.4 14.7 16.6 2).2 23.3 - - 23.2 6.2 23.3 4.6 44.1 4/.. 5 - D.a. 19.5 n.a. 20.4 2.5 2.1 9•.3 12.8 9.8 12.2 44.1 44.5  ·. . 1I 1130100•• 8 deposit ot 1,000,0:)0 queta.lee 1n the CredltQ Hipoteoar!o Nacional "Mob the C'..oYel"lll:I8nt t.ranarerr$d to 1 t !'rom the Central Bank a.nd baa agreed not to draw upon, ln order to increase the reMrveD or the Credt to. 'II Figures from December. 1946 to December, 1947 include the old Central Bank 01" Ouateu.la which became a CCIIII!lerc1al bank in June, 1946, and which was later on HOrganll8d and adopted a MW' n8'IM, -Banco Agricola Mereant!l.... Sourotu30ard ot Covernors or the Federal n.serve System up to June, 1946. ~rOJl December, 1946 to r';ecember 1947, information sent by t.be Banco de Guatemala. to the I.M.F.  ~lat1oDa1 Debt and Interest Expenditure In Quetzales or in Current U.S. Dollars ]/ aill10ns o~ que\zal.s 1I111iona at quetsalea or or per cent CUlti£!Dl U,S, dollarl 91U'Tept !il.a. dollE' per annyw Dec Dee Dec Year Year Year tear Year Year 1.ffl ~ ~ .T~ T~ lffl DoHstic debt lOur-teN short.-tem total domestie debt 2.5 .8 2.0 Foreign dobt payable 1D sterling 1/ 7.4 6.1 11 .1 .2 3.3 )J/ 1.6 1.9 .05 .02 1.0 payable 1n dolla1"a) V 1.6 1.1 .9 .03 .04 3.6 ~~ 2.9 .1 .5 .1 .2 total forelgn debt 14.0 9.2 1.1 .28 .26 2.0 2.8 Total national debt 16.5 10.0 3.1 'the quetsal 18 at par with the U.S. dollv. C01lgertad frtoa I!JterU. at the toUoving arumal 8W!"818 rate., 1938 - 488.9, 1943 - 40).5. 80Dds or the Republic, 192?, iDC11Jlllag baolt interest unpaid. I.os Alto. "tallro.t bonda, i_ludl. but interest unpaid. i::It.8rnal Debt 7 per cent bond., lnclt.dhtg back lntel"8et Wlpald. tJ/ Includes the following indebtedness. (in millions of dollars) un '1.12M ~9 31. 1943 A.E.G. - Automatic Telephone .1 .1 An,lo-Calitorn1a ?fatlonu Bank .2 National City Bank .2 11 The debt 'W'8.8 redeemed in 1.944. U.5. ofticial lIlIOUJ"cee.