258 APPENDIX 
national income that is being faced in Australia. This may be stated 
as follows: € 
m. 
Estimated loss on wool values . 28 
Estimated loss on wheat values . : . 8 
Estimated deficiency through inability to borrow 22 
Total 58 
Mr. E. C. Dyason and Professor L. F. Giblin have furthered the 
study of the problem by calling attention to the effect of diffusing 
i8 
16 
14 
INTEREST BUs 
PER WORKER 
12 
{4] 
SOPUCTIVE 
ZFFLCIENCY 
8 = —— —— cere ee. - 
| 19716 1918 1920 1922 1924 1926 
Fig. XXI. PRODUCTIVE EFFICIENCY AND FELT BURDEN OF 
INTEREST PER WORKER, 1916-27 
this immediate loss of income through the community. Whilst the 
present writer has no intention of examining their findings critically, 
it may be stated that the secondary and tertiary effects of this front 
line loss of approximately £60 millions may well be of the order of 
£120 to £150 millions. The shock of such a diminution upon a com- 
munity of six and a half million people compels the most intense 
concentration of attention upon the economic foundations of our 
prosperity. Even this primary loss of £60 millions represents a