The shadow of the world's future, or The earth's population possibilities & the consequences of the present rate of increase of the earth's inhabitants

Moratorien und andere Sonderregelungen des Zahlungsverkehrs im Auslande

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Monograph

Identifikator:: 1775636852

URN:: urn:nbn:de:zbw-retromon-164018

Document type:: Monograph

Author:: Knibbs, George Handley http://d-nb.info/gnd/1045010944

Title:: The shadow of the world's future, or The earth's population possibilities & the consequences of the present rate of increase of the earth's inhabitants

Place of publication:: London

Publisher:: Ernest Benn Limited

Year of publication:: (1928)

Scope:: 131 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. Distribution of the world's population

Collection:: Economics Books

THE PRELUDE TO THE COLLAPSE OF 1893 53 in the different colonies. For the four colonies mentioned, the stop- page of the supply of capital for the year 1880 marked a swing in the aggregate trade from an excess of imports of nearly 8% millions, to an excess of exports of nearly 3% millions, or a difference of approximately 12 millions. This situation in four independent and widely separated communities, which, however, drew their capital supplies from the same source, is a very pretty illustration, in the coincidence of precisely similar changes, of the effects of capital borrowings. Tare VI Balance of Trade for the British Colonies. Victoria ’ 3 New South Wales . New Zealand Canada ’ , Totals 1878. Excess of Imports. £ 2,580,000 £112,000 2,631,000 2 095,000 8,418.000 1880. Excess of Exports. L 1,398,000 1,575,000 191,000 984.000 3.448,000 1881. Excess of Imports. 466,000 1,279,000 1,396,000 1,708,000 4,849,000 The resumption of capital imports in 1881 marked, in Australia, an immediate return of the former prosperous con- ditions. Much of the new capital introduced both publicly and privately was being devoted to pastoral development in the Riverina, and to the opening up of sugar-growing country in Queensland. Added to this was the effect of a revival of specula- tion in mining as evidenced by the formation of many new companies. The outcome of this three-cornered competition for financial support between banks, land companies, and mining ventures was a fierce scramble for capital which led to the land companies offering the unusually high rate of 5 per cent. for money at call; and to the banks scouring the United Kingdom for deposits even at this early day. Business concerns of all sorts were paying handsome dividends. The banks for the next ten years commonly paid 10-14 per cent., and the land com- panies bid even higher. From this time forward small cash payments, long and easy terms, and an almost total absence of cash sales characterized the land transactions.

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