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 IV. The commonwealth, 1900-14

Collection:: Economics Books

136 AUSTRALIA'S FLUCTUATING ADVANTAGE IN seas trade for Australia than timber. Owing, also, to the peculiar circumstance that Australian timber is almost wholly hardwood, it enters comparatively little into foreign trade, whereas softwood, especially from Europe and the Pacific coast PORTE "Or Th {030 0 Myf er p- ——————————o————————————— 1901 1903 1905 7907 - 1909 1911 1913 Fig. XII. SECTIONAL PRICE-LEVELS:—IMPORTS, EXPORTS, AND DOMESTIC COMMODITIES Smoothed 3-uear moving-averaqe curves shown heavy. of North America, was during the period under review, and still is, an important item in the commodity balance. In 1908, a typical year, the ratio of the value of imported softwood to the value of exported hardwood was 5: 2; but, contrary to the general conclusion stated above, the price of hardwood—the mainly home-trade commodity—rose only 18 per cent. ; whilst the price of softwood, the wholly foreign-trade commodity, rose 28 per cent.

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