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

INDEBTEDNESS FROM 1900 TO 1913 159 and out of Australia which are not included in the tables already set out. The most important of these concerns the transfer of capital and effects consequent upon migration. These trans- actions are of a one-sided character; and, while they do not involve payments in the usual trade sense, they do have an appreciable effect upon the balance of indebtedness and must be included in the final reckoning. Goods and capital arriving with immigrants increase the credit total to that extent; Tare XXXVII Net Migration and Related Capital Movements Year. 1901 . 1902 . 1903 . 1904 . 1905 . 1906 . 1907 . 1908 . 1909 . 1910 . 1911 . 1012 . 1918 | Emigrants. 4293 9876 2983 2600 2040 Capital loss. ; £m. 0-0859 0-198 0-059 0-052 So Immigrants. 2 059 5,195 5,437 21,783 29,912 74-379 91,803 63.227 Capital gain. £m. 0-059 0-104 0-109 0-436 0-698 1-488 1-838 1-266 emigrants’ effects and capital correspondingly swell the debit total. The evaluation of these items, however, is a matter of considerable difficulty, and anything like accurate computation is out of the question. Nevertheless, sufficient is known of the circumstances attendant upon migration movements to Australia to enable a rough estimate to be made. There is no compulsory declaration of capital by immigrants entering Australia; and the scanty records of government departments, eked out by the impressions of migration and welfare officers, are the chief basis for the calculation. The estimate has been compared with the corresponding estimates by investigators of this aspect in Canada, the United States, and New Zealand ; and it is claimed that the sums mentioned are, at least, not excessive. Having regard to the number of children included in the total immigra- * Commonwealth Bureau of Census and Statistics, Commonwealth Demography. 1913 and Previous Years, Bulletin No. 31.

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