258 APPENDIX
national income that is being faced in Australia. This may be stated
as follows: €
m.
Estimated loss on wool values . 28
Estimated loss on wheat values . : . 8
Estimated deficiency through inability to borrow 22
Total 58

Mr. E. C. Dyason and Professor L. F. Giblin have furthered the
study of the problem by calling attention to the effect of diffusing

i8

16

14

INTEREST BUs
PER WORKER

12

{4]

SOPUCTIVE
ZFFLCIENCY
8 = —— —— cere ee. -
| 19716 1918 1920 1922 1924 1926

Fig. XXI. PRODUCTIVE EFFICIENCY AND FELT BURDEN OF
INTEREST PER WORKER, 1916-27

this immediate loss of income through the community. Whilst the
present writer has no intention of examining their findings critically,
it may be stated that the secondary and tertiary effects of this front
line loss of approximately £60 millions may well be of the order of
£120 to £150 millions. The shock of such a diminution upon a community
 of six and a half million people compels the most intense
concentration of attention upon the economic foundations of our
prosperity. Even this primary loss of £60 millions represents a