Abstract
A theoretical analysis of the effect of an equatorial ring current on the latitude variation of the primary cosmic radiation has been carried out. It has been found that a ring current of the size suggested by Schmidt should lead to observable effects on the latitude variation. In particular, if a ring current of radius equal to 7.5 earth radii and current strength sufficient to produce a field of 100γ at the earth's equator exists, then the knee in the latitude variation is a feature of the rigidity cut-off curve rather than of the primary spectrum. The primary spectrum obtained with the use of geomagnetic theory which includes a ring current is satisfactorily fitted with a function of the form J=0.29E0.9 (cm2secsterad)1, where E is the total energy of a primary particle. Certain features of time variations of the cosmic-ray intensity apparently disagree with the theory.

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