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

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Chapter

Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

238 THE ECONOMIC EFFECTS OF (iv) The ratio of the total debt to the whole national dividend rose from 7-7 to 10-1 per cent., or an increase in liability compared with the total available for all purposes of 31 per cent. TasrLe LV1 National Production, National Dividend, and External Interest (In Millions Sterling) be ear. 1920 1921 1922 1923 1924 1925 [926 } 097 Production of all com- modities. 344 391 344 379 400 454 432 447 11. Production of foreign- rade com- modities. 242 278 211 245 256 304 275 281 II7. National dividend. 167 537 84 532 562 636 595 B01 Ia External interest. xd 18 20 20 22 24 26 27 Total snterest. B ra ‘9 52 56 59 I. Productive activity. 95 301 961 933 014 998 9562 1,008 Percentage of: Year. (920 1921 (922 | .923 1924 1925 | 1926 1997 V of I. 10-8 10-5 13-2 12:3 12-4 11-6 12-9 18-3 Vof III. © IV of II. 71 7-6 9-3 3-7 8-7 3-2 32 0.5 {7-0 65 754 ap 81 186 7.9 31 . 9-8 8.2 IVofI | IVoflIIl 4.9 4.5 58 52 57 Fed 5-8 8-0 3-6 3-2 8-1 3-8 4-0 3-8 41 4.5 Interpreting these results in terms of the marginal pro- ductivity of the debt, it is clear (i) that indebtedness as a whole is claiming an increasing share of the national income and of that part of the national income available for paying overseas indebtedness; (ii) that the same relative increase is observable in both foreign and domestic loans; (iii) that the Commonwealth has entered a period of diminishing returns as regards the } Columns I, IV, V, and VI from 1928 Year Book; II, estimate by present writer; ITI from Sutcliffe, The National Dividend.

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