31 
ArpENDIX “ERE.” 
INDEX NUMBERS OF SHIPPING FREIGHTS 
AND TIME CHARTER RATES. 
(Extracted from The  StaTIsT.”) 
Nato 
Time Charter Rates| Freight Rates. 
Index—Geometric Average 
1920 — 100 
1921 ... 
1922 ... 
1923 ... 
1924 ... 
(925 ... 
1926 .., 
1927... 
1928 ... 
102 
1930 :— 
January ... 
February ... 
March 
April i. 
May... ... 
Tune voy 
July sa 
August  ... 
September... 
October 
36-3 
26-6 
21-6 
23-2 
22-0 
24-5 
24-9 
22-4 
24.7 
19-2 
19-4 
94 
19 
Ng 
“4 
| 
37-6 
29-7 
28-4 
29-6 
25-3 
28-0 
27-8 
25-8 
24-9 
19-6 
18-9 
181 
19-4 
17-1 
18-3 
18:0 
20-6 
20-2 
18:9 
Not available