Borrowing and business in Australia

Bibliographic data

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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part IV. The commonwealth, 1900-14

Collection:: Economics Books

INDEBTEDNESS FROM 1900 TO 1913 155 taxation, moreover, during a period of increasing government attention to private wealth has here to be given full weight. Again, the influence of the strengthened protective system in inducing, nay compelling, foreign business to establish itself within the tariff wall, in order to preserve its Australian con- nexions, is also beyond computation. British and American capital investment for the period runs in many channels. Manufacturing of many kinds, but especially textile industries, the expansion of British shipping interests in the coastwise trade, direct capital contribution to banking, industrial and trading establishments, enlarged foreign interests of many kinds in the export and import trade, and the influence of American capital in the amusement business must all be mentioned. The data for reckoning the volume of such investment is so effectively hidden in company records that no attempt to calculate a great proportion can even be made. The following table, however, Tape XXXIV British Loans to Australia, 1900-131 (In Millions of Pounds Sterling) Year. 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 TOTAL Government. 9-736 5-338 0-720 3.941 0-970 2-667 9-518 4-760 1-950 8-898 11-613 0.517 Municipal. 0-157 1-005 0-251 1-413 Business. 1-511 0-671 0-656 0-449 0-472 2-380 0-684 0-759 1-143 2-165 1-208 1-508 3:118 16-714 Total. 7-633" 6-009 1.736 0-449 3-813 2-380 1-654 3-583 10-661 6-915 3-158 11-411 14-982 "7 ".638 Per cent. All tasues. ' Australia. 4:54 3-89 1-27 0-004 2.29 2.02 1-36 1-86 5:84 259 1-64 541 7.62 2180-6 | 3.04 165-5 153-8 108-5 123-0 166-2 116-0 121-6 192-2 182-4 2677 191-8 210-8 196-5 based on the figures of the Economist by 8. R. Cooke and E. H. Davenport, will give some indication of the growth of the purely ‘business’ type of loan, and of the increasing percentage of the annual investment of British capital which was coming to Australia at the end of the period. ! From Imperial Finance, by S. R. Cooke and E. H. Davenport, 1929.

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