WORLD'S BURDENS

New Zealand Times, Volume XLV, Issue 10450, 1 December 1919, Page 7

WORLD'S BURDENS

N/VriONAi; ;DEBTS SUPPLIES AND PRICES FOR 1919. EXPANSION. OF CURRENCY, _ By Telegraph—Press Association—Copyrijht Australian and N.Z. Cable Association. LONDON,' November' 25. A "White Paper estimates the ■world's wheat yield for 1919 as 99.3 per cent, of tho average of tfce five years before the war. . The sugar crop is estimated alt 96.3, and the ■wool clip at 91.8 per cent, of the yield of 1913. The coal output of America, GToat' Britain, I'Vance, Belgium, tho Netherlands, and Germany tor tho first lialf-year of 1019 is se!t down at 80.6 per -cent:-of that; qf; 1913.A comparison of the expansion of thevolumoofourroncy with the rise in wholesalefood-prices,.taking :th&'.-condi-tions of 1913 as a standard, and as equivalent to 100 in each case, shows that these have now expanded to the following extent: Food Currency. Prices. Sweden 274 239 Great Britain .'..:* 241 '-267 ' France :.*........ '. 365 330 Italy • _• 440 529 America .... v ..........- : 173 .236.. The' Whilto Paper shows that since the beginning of the war the national debts of the nations per head have increased to tho following amounts (t'he figures in parentheses are taken from " Whitaker's Almanac," 1914): — Groat Britain, £157 (£ls 18s); Germany, £l2B (£ls 8s) ■; France, £lll (£24 8s); Italy, £73 (£l4 18s); Austria, .£B9 (£ls 12s); Belgium, £74 <£2l 7s); United States/ £55 (£2 6s). Japan's National Debt' has increased by only 03 a head. EUROPE'S ECONOMIC SITUATION. (Router's Telegram.) (Received Noveember 30,-3.1.40 p/mj) LONDON, November 27. In the Hone of Commons at question lime, Mr Lloyd Geeorge said that the Government was fully conscious uf the soriousuess of the economic situation in Central Europe.' Tho Supreme Council was doing all that was possible to alleviate it but it had'decided that only a, comprehensive arrangement for a large international credit woUul(l bo adequate. This involved the • participation of tho United States, who had teen urged accordingly., * , > • ■ • BRITISH NOTE: ISSUED. - Ptlblfslied in "The Time*." (Received December 1, 12.25 a.m.) LONDON, November 29. i Tho Treasury has printed large stocks of 6s and 2s 6d notes, but has not decided whether tho notes will be issued.