Full text: Borrowing and business in Australia 

«2 
3 
= 
[Fs 
ht 
160 
140 
120 
A. 
CEN" 
——y 
er 
20 
4 
10 
100 
CAPITAL 
TS 
KO 
1890 
1895 1900 1905 1910 
Fra. IX, EXPORTS AS PERCENTAGE OF IMPORTS, AND CAPITAL LOANS, 1890-1914 
Smoothed 5-year moving-average curves shown heavy.
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