The Portuguese Exchange Decree.

This article presents the substance of a recent decree regulating exchange in Portugal as reproduced from the Diario de Noticias in the "London Economic Review" for January 21, 1920. The decree permits the free export to foreign countries of national commodities and the reexport of colonial and foreign commodities subject to the restrictions imposed by laws now in force. It orders that, to insure the entry into the country of the price in gold of the goods exported, etc., the registered exporters shall sign an annual bond or shall, with each consignment, produce a banker's declaration in the terms prescribed by the given clauses.