"Notable progress and development have characterized the past year [ending in June] of Porto Rico." General health and sanitation measures were made more effective; progress was made in education; the percentage of illiteracy was reduced. Total revenues for the year were $11,740,384, five per cent more than Treasury estimates. All budgetary expenses were met; more than $1,000,000 was paid on the floating debt; more than $400,000 remained in the treasury at the end of the year. External trade totaled $194,000,000; 88% was with the U. S.

Last week, in Washington, able Secretary of...

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