An Introduction to the theory of statistics

Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

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Monograph

Identifikator:: 178864896X

URN:: urn:nbn:de:zbw-retromon-180025

Document type:: Monograph

Title:: Finanzen

Edition:: 2. Bearb.

Place of publication:: Berlin

Publisher:: Heymann

Year of publication:: 1928

Scope:: 226 S

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Title page

Collection:: Economics Books

- s( Z2N) 10 BULLETIN No 7 Th SI AUGUST 15, 1925 a 2 L. ax Reference Service on International Affairs 10, Rue de I’Elysée — PARIS (VlIile) Caan 7 | {y A 2 Ur BUDGETS UH 13 - ’ VISIBLE COMMERCIAL BALANCES EUROPEAN COUNTRIES. 1922.1925 Economic reconstruction and readjustment have proved to be the most serious problems faced by post-war Europe. Seven years have now elapsed since the conclusion of the treaties of peace. Only during the last three years, however, has the economic and financial situation of most European countries been sufficiently normal to indicate the general trend. In this brochure, as a result, the status of the budget and foreign commerce of each country is given for the period since, and including, the year 1922. No comparison is made with conditions existing in 1913 or the period before the World War, for present-day Europe has few problems or general conditions similar to those of that period. Further, there appears to be no reason to assume, as Is usually done, that 1913 was a “normal” year. A full analysis of the foreign trade balance sheet of most European countries would show many items not indicated in the global sums as given in this brochure. The real commercial balance of a country would take into account “invisible exchange” items which do not appear in the customs returns. For the year 1924, for example, Great Britain had an unfavorable visible commercial balance of $1,507,000,000. In overseas Investments, national shipping income, and other items, however, the same country had invisible exports for 1924 estimated by the British Board of Trade at $1,636,000,000. Thus instead of a deficit in British foreign commerce during 1924 there was really on this basis a surplus of $129,000,000. For most countries, however, the visible commercial balance affords an excellent indication of economic con- AND OF

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