Report of the British Economic Mission to Australia

Bibliographic data

Monograph

Identifikator:: 179824683X

URN:: urn:nbn:de:zbw-retromon-182286

Document type:: Monograph

Title:: Report of the British Economic Mission to Australia

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 7th January 1929

Scope:: 63 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part I. Introduction

Collection:: Economics Books

that the maximum commercial intercourse will follow. Given the maximum possible power of absorbing population in Australia her determination to remain the most British community in the world is sufficiently strong to secure that it will be from Great Britain that the flow of immigration will come. But if the desired con- ditions of Australian prosperity and power to absorb population are not present, artificial means of promoting trade with and migration from Great Britain must fail. We have no shortsighted idea of attempting to induce Australia to carry on more trade or to take more migrants from Great Britain at the cost of lasting economic sacrifice on her part. We believe that any such effort would be bound to defeat itself. We have, therefore, to consider whether there are any modifications of Australia’s financial and economic- practice, which, if adopted, might, by enhancing her own prosperity, conduce to the realization of the objects envisaged bv our terms of reference. PART II. MAIN PROBLEMS. 7. We turn first to Australian finance. Of this subject possibly the best general conspectus can be obtained by considering the extent of the combined Commonwealth and State budgets for a period of years. By this means it is possible to visualize the relation of Australia’s borrowing to her ordinary year to year revenue and expenditure. We therefore give in the following tables the revenue, expenditure, surpluses and deficits of Australia during the last six years, shown as a total, and per head of popula- tion. From these it appears that during that period Australia balanced her budget to within 0.73 per cent., and that the average annual deficit per head of population was 4s. Finance, revenue, anc expenditure. CONSOLIDATED REVENUE AND EXPENDITURE THEREFROM. COMMONWEALTH AND STATES COMBINED. I. Amount. Year ended 30th June. 1921-22 1922-23 1923-24 1924-25 (925-26 1998-97 ose BY ooo es ae “ne aes ave sae arn ses are are oe ee Total for six years Revenue 1 000.000. 143.0 45.7 151.8 60.3 166.1 (RO BH Q47 A Expenditure, £1.000.000. 145.6 144.8 154.5 160.2 170.8 78 8 | O54 R Surplus, | Deficit, £1.000.000. £1.000 000 2.6 2.7 ; 5 0 70 14Q9

Access restriction

Copyright

fullscreen: Report of the British Economic Mission to Australia

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation