Results are presented from the integration of a fine-resolution numerical model of the ocean operating in a diagnostic mode. The region covered lies south of 24-degrees-S, as depicted in the FRAM Atlas. Here transports, heat, salt, and freshwater fluxes are examined at 60-degrees-S and near 30-degrees-S in all three oceans. Results are found to be generally realistic. At midlatitude the meridional heat flux is largely determined by the structure of the mean meridional motions and to a lesser degree by the gyre-scale horizontal motions. These roles are reversed for freshwater fluxes. At a fixed high latitude the freshwater flux is determined by the mean meridional motions and the heat flux principally by the large-scale wandering of the circumpolar current across the latitude. Only in this latter case, namely for the heat flux at 60-degrees-S, do mesoscale motions contribute to a significant extent. The model underestimates the production and export of abyssal water; the climatological state with which it is initialized is identified as the likely cause. A suggestion is offered for assessing the accuracy of diagnostic integrations.