Borrowing and business in Australia

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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

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Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

THE BALANCE OF INDEBTEDNESS, 1918-28 205 freight percentage would, of course, give the same freight charge. Freight rates for the years in question broke away sharply from the high rates prevailing between 1915 and 1919. An abrupt fall of more than 60 per cent. took place in 1921, followed by a further gradual decline of 30 per cent. by 1925. For the post-war period it is now possible to present the cost of inward freight with some certainty. (See Table XLIV.) Insurance. Nothing need be added to what was said in Chapter XII upon the method of computing the charges for insurance of inward cargoes. We can therefore proceed to estimate the cost of insurance in accordance with the method there indicated. Tare XLV Insurance on Australian Imports Year. 1920 1921 1922 1923 1924 1925 1926 1927 1G98 Imports at insurance value. Lam 110-058 172-647 107-809 137-029 146-665 162-114 158-007 171-635 152.802 Rate of insurance per cent. Cost of insurance. em 0-412 0-647 0-405 0-513 0-650 0-609 0-594 0-651 J-576 Tourist Expenditures. In recent years tourist expenditures have acquired considerable interest, not merely by reason of bheir effect upon the balance of international indebtedness, but also because of the comparative estimates which have been made concerning the amount of travel undertaken by the people of different nations. The estimates here made indicate that fewer Australians go abroad now than before the war, despite popular opinion to the contrary. The average number of passages taken out by Australians in the nine years previous to 1914 was, in round figures, 49,000. The corresponding figure for the nine post-war years is approximately 44,000. Owing, however, to the decline in the value of the pound in the later period, the present expenditures make a much larger showing than formerly.

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