Rôle des organisations coopératives dans le commerce international du blé, des produits laitiers et de quelques autres produits agricoles

Borrowing and business in Australia

Bibliographic data

Monograph

Identifikator:: 1744991006

URN:: urn:nbn:de:zbw-retromon-118803

Document type:: Monograph

Title:: Rôle des organisations coopératives dans le commerce international du blé, des produits laitiers et de quelques autres produits agricoles

Place of publication:: Genève

Publisher:: Société des Nations, Bureau International du Travail

Year of publication:: 1926

Scope:: 47 Seiten

Digitisation:: 2021

Collection:: Economics Books

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RETURN TO GOLD IN 1925 221 significant index to be noted in this connexion. From a price- level of 2,803 for all classes of exports in 1924, the price fell to 2,152 in 1925, and to 2,080 in 1926, pre-war level being reckoned at 1,000. Thus each and every one of the indices examined moves in sympathy ; and apparently, in response to the operation of some factor which commences to function in 1925. Cost of living, Tasre LIII Unemployment, Wages, and Trade Activity, Australia l nemploy- ment. ner cent. Month. 1924 Mar. June Sept. Dec. 1925 Mar. Tune Sept. Dec. L926 Mar. 3.2 June 5-8 Sept. 7-8 Dec. 5-8 16 8:3 94 10-1 9-3 10-3 79 B.] Nominal waages. 1,848 1,840 1,838 1.839 1,840 1,846 1,869 1.887 1,892 1,904 1,922 1,938 Effective wages. 1,060 (for year) 1,096 (for year) (,080 (for year) 1,070 (for 1927) Exports ver head. £27-588 (for year) £24792 (for year) £23-712 (for year) | Export price-level. 2,803 (for year) 2,162 (for year) 2,080 (for year) wages, unemployment, and export activity all tend to corrobo- rate the contention that the return to gold was not a negligible factor in the adverse Australian situation which developed in the period immediately following the 28th of April 1925. Something further must now be said concerning the steps taken by the British Government at the time of the restoration to prevent any excessive export of gold owing to the adverse trade balance. ; “The first remedy was to put obstacles in the way of our usual lending abroad by means of an embargo on foreign loans, and recently on colonial loans also; and the second remedy was to encourage the United States to lend us money by maintaining the unprecedented 1 Commonwealth Labour Reports, Nos. 15, 16, 17,

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