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

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Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

158 AUSTRALIAN BALANCE OF INTERNATIONAL payable on private capital, and this appears in the following table: Tare XXXVI Interest on Capital, Privately Invested in Australia 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 [1913 Year. Estimated amount! £m. Estimated average refurn per cent. 125 125 126 128 131 ‘34 36 37 140 . 42 4-9 145 54 148 | 52 150 50 Total Interest payable. £m. 5-500 5-000 4-410 5-376 5-764 6-298 6-480 5-838 6-720 6-958 7-830 6-696 7-500 From the data already accumulated it is now possible to compute the total interest payable abroad, which is given in the appropriate column in the balance of indebtedness. These payments for interest on capital invested privately in Australia are not offset to any extent by Australian capital invested abroad. Although there is reason to believe that the movement in this respect is now considerable, for the period under discus- sion it was relatively small. The chief item was constituted by the excess of income from overseas over expenditure in obtaining it by the life assurance societies. The credit on this account rose from about a quarter of a million pounds in the early part of the period; to about half a million in the later years. This was taken to be at least half of the total payments credited to Australia from overseas. IV. Non-Commercial Items. There are certain other movements of goods and capital into ! The Private Debt of Australia in 1915 was estimated by the Commonwealth Statistician (Mr. C. H. Wickens) to be £150 millions, and this would appear to be en vative. See the preface to the Report on the War Census of the Common.

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