STOCKTAEING

Evening Post, Volume XCVIII, Issue 130, 29 November 1919, Page 7

STOCKTAEING

WORLD'S SUPPLIES AND PRICES

INFLATION OF CURRENCY

GROWTH OF NATIONAL DEBTS.

(UNITED PRESS ASSOCIATION.—COPYRIGHT.) (AUSTRALIAN - NEW ZEALAND CABLE ASSOCIATION.) (Received November 29, 9: a.m.) LONDON, 25th November. A White Paper estimates the world's wheat yield for 1919 a- 99.3 per cent, of the average of the five years before the war. The sugar crop is estimated at 95.3, and the wool clip at 91.8 per cent, of the yields of 1913. The coal output of America, Great Britain, France, Belgium, the Netherlands, and Germany for the first half-year of 1919 is set down at ,80.6 per cent, of, that of 1913. A comparison of the expansion of the volume of currency with the rise in wholesale food prices, taking the conditions of 1913 as a standard, and as equivalent to 100 in each case, shows that these have now expanded to the following extent :

The White Paper shows that since the beginning of the war, the national debts of the nations per head have increased to the following amounts (the figures in brackets are taken from Whitaker's Almanack, 1914) : Great Britain. £157 (£ls 18s); Germany, 5128 (£ls 8s); France, £114 (£24 8s); Italy, £73 (£l4 18s); Austria, £89 (£ls 12s-); Belgium, £74 (£2l 7s); United States, £55 (£2 6s). Japan's National Debt has increased by. only 3s a head.

[The net publio debt of New Zealand in 1913_ amounted to £82 7s 5d per head. According to the last Budget, the net total as at 31st March, 1919. was £170,----125,204, equivalent to about £140 10s 6d per head.]

Currency. Prices. Sweden 274 239 Great Britain 244 257 France 365 330 Italy 440 329 America 173 236