Our mineral reserves

Bibliographic data

Monograph

Identifikator:: 867029366

URN:: urn:nbn:de:zbw-retromon-93011

Document type:: Monograph

Author:: Smith, George Otis http://d-nb.info/gnd/117634530

Title:: Our mineral reserves

Place of publication:: Washington, DC

Publisher:: Gov. Print. Off.

Year of publication:: 1914

Scope:: 1 Online-Ressource (48 Seiten)

Collection:: Economics Books

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

128 AUSTRALIA’S FLUCTUATING ADVANTAGE IN classical burst of borrowing after 1880; but the ‘cross-over’ to an excess of exports in 1892 is so sharp and abrupt, and is main- tained so unwaveringly until 1914, that the Australian experi- ment is even more satisfactory than the American. It is this period, after the great change in the balance in commodity trade occurs, that more intimately concerns us at the moment. The figures for capital loans, and annual interest payable in respect Tapre XXI New Loans and Percentage of Exports over Imports Year. 1890 1891 1892 1893 1894 1895 1896 897 1898 i899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1012 New loans! £m. 6-720 9-230 8-147 8-321 1-179 2-184 5-386 3-696 3-956 5-371 3-823 5-2 6-7 50 1-7 0-7 2:0 & Percentage of exports over imports? 83-4 95-6 110-8 139-8 146-7 145-0 111-1 118-2 127-6 141-6 111-0 117-1 108-0 127-6 1565-3 148-2 1565-9 140-6 120-1 127-6 124-1 118-7 101-2 98.5 of these by Australia, are given above; and the feature to be smphasized concerning the volume of the flow is the fluctuation trom mere trickle to great flood as between one year and another. Still more informative and even more definite for the purpose of correlation is the comparison of the percentage of total exports over imports with the volume of new loans. It is not 1 From figures prepared by Commonwealth Bureau of Census and Statistics. 1 rom Commonwealth Year Book, No. 8.

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