Borrowing and business in Australia

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Monograph

Identifikator:: 183051623X

URN:: urn:nbn:de:zbw-retromon-222122

Document type:: Monograph

Author:: Wood, Gordon L. http://d-nb.info/gnd/1239193688

Title:: Borrowing and business in Australia

Place of publication:: London

Publisher:: Oxford university press, H. Milford

Year of publication:: 1930

Scope:: xv, 267 Seiten; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part III. The boom of 1890 and its economic consequences

Collection:: Economics Books

AUSTRALIA PRIOR TO 1893 85 The private wealth of Victoria and New South Wales has an important bearing upon the whole subject which should not be overlooked. The importance of this estimate lies in the large proportion of land included in the total of assets, the production from which, through seasonal variations and movements of prices, is subject to very wide fluctuations in value. According to Mulhall’s Dictionary of Statistics the wealth of Australia rose from £300 millions in 1870 to £1,250 in 1888, but ‘the great bulk of this increase was in real estate, and it affords some measure of the enormous inflation that took place as a result of the speculative influx of capital after 1880’. Tare XIV Private Wealth of New South Wales and Victoria, 1890 Land, houses, and improvements Live-stock . ’ . 8 Coin and bullion , . . Merchandise . . Household property Shipping . Mines and plant . All other . ToTAL N.S. Wales. £m. Victoria. £m. Total. £m. Per cent. 303-0 34-6 9-7 17-9 17-95 1-9 18-3 8-0 256-0 21:9 11-1 14-5 20-4 1-4 61 12-5 569-0 56-6 20-8 32-4 38-36 3-3 24-4 21-4 74-0 7-8 2:76 4-0 50 0-4 3-26 31 112-25 | 3439 | 756-15 | 1000

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