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

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part V. Australia during and after the great war

Collection:: Economics Books

AUSTRALIA DURING THE WAR 169 inevitably by the phase of declension, and it is here that an explanation must be sought rather than in world business conditions. Looked at in this light the figures representing new debt and interest as shown in the following table, and the relation be- taveen them as disclosed by the accompanying graph, help to TABLE XXXIX Australian Public Debt held Abroadt (In Millions Sterling) Year. 1914 . 1915 . 1916 . 1917 . i918 . 1919 . 1920 . 1921 . 1922 . 1923 . 1924 . 1925 . ’ 1926 . ‘ 1927 . 3 1928 . COMMONWEALTH. Amount. | Interest. I. II. 3-5 18-3 10-1 58-4 102-6 106-1 111-7 117-3 (31-3 |26-2 142-5 (46-1 155-9 168-2 06-1 0-16 | 0-779 1-764 2-790 5-067 5-268 | 5-546 5-993 5-678 8-414 7-248 7-409 7-950 8-457 10-622 STATES. Amount. | Interest. 111. IV. 224-1 229-2 232-0 243-7 261-1 258-2 266-3 272-0 300-3 309-2 339-6 336-9 359-2 374-9 416-7 8-068 8-480 8-587 9-261 10-182 10-328 11-717 12-240 13-812 "4-378 15-957 16-339 17-601 18-370 20-466 Total interest. y. 8-215 9-259 10-350 12-051 15-249 15-596 7-263 18-233 20-490 20-792 23-205 23-748 25-561 26-827 31-088 New debt net.? VI. 19-666 6-7 2-7 18-4 19-4 2-2 10-8 13-4 40-3 79 41-6 2-6 40-4 11-7 54-3 explain the prosperity of war-time as they do the adversity of peace. In particular, attention is to be directed not so much to the high average of overseas borrowing as to the spasmodic character of this process of capital injection. The abrupt changes from plenty to dearth, wave upon wave as it were, precluded anything like an effective assimilation of the loan money, and strained the Australian financial system badly in the process. If ever there is to be found support for the ‘orderly marketing of loans’ it is surely in the records of Australian public borrowing since 1914. An examination of the facts of Australian public indebtedness Commonwealth Finance Bulletins, Nos. 11 and 18. ? Allowing for duplications in columns I and ITI for loans raised by Common- wealth for the various States. 3710

Access restriction

Copyright

fullscreen: Borrowing and business in Australia

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation