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

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Prosperty and crisis after the gold discoveries

Collection:: Economics Books

THE GOLD DISCOVERIES 27 TasrLE IV Balance of Trade for New South Wales and Victoria (In Thousands of Pounds Sterling) IMPORTS 1850 1851 1852 1853 1854 1855 1856 1857 1858 N. S. Wales. Com- modities. Bullion and Specie. 2,078 1,564 1,900 5,342 5,981 2,719 5,461 8,397 5,817 1,950 332 242 | Total. 2,078 1.564 1,900 3,342 5,081 4,669 5,461 6,729 8.059 Com- modifies 744 1,056 3,666 14,680 17,671 '1,551 4,285 16,837 14.486 Victoria. Bullion and Specie. 404 {,163 88 457 a77 419 8192 Total. 744 1,056 4,070 15,843 17,659 12,008 14,962 17,256 15.108 Imports. Grand Total. 2,822 2,620 5,970 22,185 23,640 16,677 20,423 23,985 91.167 EXPORTS 1850 {851 1852 1853 1854 1855 i858 1857 185% N. S. Wales. Com- modifies. Bullion and Specie. 2,400 1,329 468 1,943 2,661 2,742 1,781 3,277 773 2,675 209 3,275 156 3,825 187 26877 | 1.500 Total. 2,400 1,797 1,604 1,523 £,050 2,884 3,431 4,012 4.186 Com- modities. 1.042 984 1,306 1,387 1,674 2,341 2,560 3,140 3 975 Victoria. Raullion and Specie. 439 8,146 8,674 9,081 11,152 12,930 11,940 10.714 Taial 1,042 1,423 7,452 11,061 11,775 13,493 15,490 15,080 12 080 Exports. rand Tatal 3,642 3,220 {2,056 15,584 15,826 18,377 18,921 19,092 18.176 Balance. Excess Imports over Kxporits. 820 800 6,086 8,601 7,815 1,700 1,502 4,893 3 g59 Excess of Exports over Imports shown black. A banker of the day, however, indicated the true cause of the credit restriction, and of the consequent stagnation, in the following words: ‘The extent of population and their power of consumption were entirely overlooked, and it was absurdly contended that mere wealth would convert Australia into one

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