Full text: Borrowing and business in Australia

148 AUSTRALIAN BALANCE OF INTERNATIONAL 
receipts of British vessels are expended in foreign ports. 
Assuming that this figure is approximately correct, it is calcu- 
lated that the proportion expended in Australian ports on a 
typical voyage during this period amounted to 20 per cent. 
This estimate can be confirmed from other sources. Two series 
of voyages to Australian ports have been analysed in great 
detail by W. G. Rickman.2 The first series comprised 14 sample 
voyages in which grain cargoes were lifted in every Australian 
port handling wheat. The wheat shifted amounted to 94,607 
TasLe XXVIII 
Freight Index on Imports from Great Britain 
1901 . 
1902 . 
1903 . 
1904 . 
19056 . 
1906 . 
1907 . 
1908 . 
1909 . 
1910 . 
911 . 
1912 . 
1913 . 
Year. 
Eeonomist. 
103-056 
86-99 
87-26 
88-17 
38-88 
39-37 
950-90 
78:32 
32-02 
84-48 
06-94 
130-95 
116-34 
Board + Canada 
of Trade. (Viner). 
95-0 
89-5 
77-6 
71-3 
80-6 
100-0 
100-0 
94-0 
101-56 
103-0 
123-9 
169-7 
95-0 
89-5 
77-6 
71-3 
80-6 
100-0 
100-0 
101-9 
103-8 
105-8 
114-9 
124-0 
133-2 
Australia.’ 
100 
76 
Composite. 
100 
94 
83 
74-3 
85-2 
93-1 
98-0 
98-1 
101-0 
107-0 
114-8 
122-9 
132.5 
ship tons, and the payments in connexion therewith amounted 
bo £28,346. The average cost per ton was therefore approxi- 
mately six shillings. The second series embraced 15 sample 
voyages in which general cargoes were moved. The ports covered 
were all the principal points of entry in the Commonwealth. In 
all 59,425 ship tons were loaded at a total cost of £17 ,430, or an 
average cost per ton of 5s. 10d. On the average value of outward 
freight this represents a deduction of about 124 per cent. for 
port charges and other costs. It is probable, however, that these 
disbursements by the shipowners during the period were, since 
the Navigation Act was not then in force, more than offset by 
the earnings in the interstate trade. The net charge on inward 
‘ The Export of Capital, p. 173. 
! W. G. Rickman, Shipowners’ Register of Port Charges. 
' Angier’s Fifty Years’ Freights.
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.