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 V. Australia during and after the great war

Collection:: Economics Books

THE BALANCE OF INDEBTEDNESS, 1918-28 203 OREDITS. Year. 1919-20 1920-21 1921-22 1922-23 1923-24 1924-25 1925-26 1926-27 1027-98 Commo- dity sports. 137-936 121-307 117-791 111-451 112-349 156-999 140-006 129-848 135-207 Re- 2 rnOrts. 5-254 5-387 5-278 3-119 3-325 3-088 3-067 2-989 1-988 Specie and sullson. 3-634 5-465 1-328 3-300 3-813 2-043 5-489 2-303 2.740 Ships’ stores & coal. 2-688 3-561 3-163 2-887 2-614 2-716 2773 2-781 2.825 BAWRA divi- dends. 77 9-9 5-9 5-3 2.0 Total Credits. 162-512 143-420 140-900 126-657 127-401 164-845 151-335 147-921 149-048 Difference ‘minus sign for Debit). 66-139 —6-395 42-628 6-741 -0-819 20-770 13-141 —-2-123 15-011 Excess of Credits 155-093 II. Freight, Insurance, and Tourist Expenditures. The calculation of freight charges paid by Australia on inward cargoes is a comparatively easy matter for the post-war years. In the first place a satisfactory freight index has been computed for the years since 1920 by the Chamber of Shipping of the United Kingdom.! Secondly, the comparative data for all British lines trading to Australia has been assembled for the years 1926, 1927, and 1928 by the Oversea Shipping Representa- tives Association. These two groups of data make possible a far more accurate assessment of the cost of shipping services to Australia than for any previous years. Taking, first, the statistics for all British lines represented in the report referred to, the following estimates may be extracted. The figures are arranged in two groups, viz. (i) Cabin-cargo ships, and (ii) Cargo ships. Dividing the total tonnage carried by these ships for the three-year period by the number of voyages made, the average cargo is found to be about 14,000 ship tons. The average annual invoice value of merchandise imported for the three years amounts to £150 millions in round figures, and the average value of an inward cargo was estimated to be £397,000 in 1926. The total freight for eighty-one round voyages was £4-123 millions, or £51,540 per voyage. Now the proportion of inward bo outward cargo was 534 to 518, but some deduction has to be made for intermediate ports. Therefore £21,000 may be regarded sheltered” industries.’ —ZEconomic Journal, 1928, p. 276, in a review of Taussig’s International Trade. 1 Annual Report, 1928-9.

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