-

133

Tableau 83. FINANCES PUBLIQUES. A. Resum6 des comptes budgetaires (en millions).
Table 83. PUBLIC FINANCE. A. Summary of Budget Accounts (000,000's omitted).

Unit,
mon
mon6taire

Exercice
financier

CODtes
Coevenue

Recettes,
non compris
le produit
des emprunts

penses
Diff6rence
Balance

ExapendiExpendi-

excluding
proceeds
of loans

re

Amortissement compris
dans les
dapenses
Amor-

Accounts

Financial
year

nit
of

AMn1RIQUE.

AMERICA.
Comptes

Etats-Unis ..

Dollar

Brsil

Milreis-

1924

papier

1925
1926

Previsions
,

1923
1924
1925

1924-25
1925-26
1926-27

clos
Previsions
,

Closed
C

3,780
3,881
3,824

3,530 1
3,619
3,4941

+
+
+

1,363.3

1,453.0

89.7

Accounts

1,384.9
1,566.9

1,424.5
1.370.2

39.6
196.7

*
*

Estimates
,

Comptes
clos
Previsions
,

43.5
38.3
36.3

31.5
35.0
34.0

+
+
+

12.0
3.3
2.3

*
8.0
6.4

Comptes
clos
Previsions

16.34
16.46

16.67
16.41

.33
0.05

*
*

18.21

18.17

0.04
-

250
262
330

467
500
516

Accounts
Estimates
,

Comptes
. . . .

Colombie.

. .

Peso

Salvador

. .

Colone

1923-24
1924-25

clos

1925-26

Venezuela

..

Bolivar 1923-24

Previsions

1924-25
1925-26
1926-27

Dollar

United States.

1924

Milreis

Brazil.

1925
1926

papel

Closed

Closed
Accounts
Estimates

1923
1924
1925
1923-24
1924-25

Closed
Accounts
Estimates
,

Peso

Colombia.

Colone

Salvador.

Bolivar

Venezuela.

Rupee

India.

Yen

Japan.

1925-26

62.8

62.8

Estimates

1923-24

1924-25

66.2

63.4

1925-26

2.8

69.

1924-25

6 6.3

2.9

1925-26

ASIE.

Indes

ASIA.

. . . .

Roupie

1924-25

Comptes
clos
Previsions
revis6es
Previsions

1,380.3

1,490.6

1,313.5
1,304 .3

1.584.9
1,624.5

1,475.2

1,625.0

1,346.3
1,363.0

1,580.5

Closed
Accounts 1924-25
Revised
Estimates 1925-26
Estimates 1926-27

1 110.3

37.8

271.4
320.2

49.7
49.9

149.8

234.2

1,639.4

276.4

*
*
*

Previsions

7,857.2
8,465.4
8,454.5

7,793.8
8,233.3
9,294.3

+
+
-

63.4
232.1
839.8

304.0
90.3
241.8

Closed
Accounts
,,
Estimates

1925
1926
1927

Comptes
clos
,
Previsions

908.5
760.2
921.9

832.0
882.0
1,057.4

+
-

76.5
121.8
135.5

68.4
53.5
55.6

Closed
Accounts
,
Estimates

1925

Previsions

7,462.0

9,191.0

1,729.0

1926

Estimates

8,329.1

9,104.4

775.3

5,361.9
6,974.6
6,405.5

5,185.3
6,420.5
6,890.8

+
+
-

176.6
554.1
485.3

*
*
*

452.3
444.3
437.3

504.6
660.2
454.9

52.3
215.9
17.6

12.7
209.1
31.6

1925-26
1926-27

Comptes
Japon ....

Yen

1924-25

clos

1925-26

Previsions

1926-27

Closed
Accounts

Estimates
I

1924-25

1925-26
1926-27

EUROPE.

Allemagne

Autriche

Belgique ..

Bulgarie .

COTTSTRY

tisation
included in
expenditure

EUROPE.

Mark

. .

Schilling

.Franc

.. Lev

Danemark .. .

Krone

1924-25
1925-26
1926-27

1923-24
1924-25
1925-26
1924-25
1925-26
1926-27

Comptes
clos

Comptes
clos
;
Comptes
clos
Previsions
,

1924-25
1925-26
1926-27

Mark

Germany.

1925
1926
1927

Schilling

Austria.

1925

Franc

Belgium.

11926
Closed
Accounts
,
,

1923-24
1924-25
1925-26

Lev

Bulgaria.

Closed
Accounts
Estimates
,

1924-25
1925-26
1926-27

Krone

Denmark.

134 -

Tableau 83. Finances publiques. A. Resum6 des comptes budg6taires (en millions) (fin).
Table 83. Public Finance. A. Summary of Budget Accounts (000,000's omitted) (concluded).

Unitf
Exercice
oeariYSace financier
monietaire

PA

Comptes

Recettes,
non compris
le produit
des emprunts
Revenue

pense

Diff6rence
Balance

Expendidi-

excluding
proceeds
of loans

ure

Amortissement compris
dans les
d6penses
Amor-

Accounts

Financial
year

Uoi

of

EUROPE

EUROPE

(suite).

Espagne.

Finlande

France.

. .

. ..

Grce . . . .

Italie . . ..

Norv4ge

. .

Peseta

1923-24
1924-25
1925-26

Markka

1924
1925
1926

Franc

1925
1926
1927

. .

1924-25

ma

1925-26
1926-27

Lira

. .

Comptes
clos
Pr6visions

Pr6visions
,,
*

Krone

Florin

Escudo

clos

A
Previsions

. .Leu

Uni . . ..

3,217.0
3,131.4
3,338.0
3

3,149.4
3,360.2
3,413.1

+
-

67.6
228.8
75.1

27.9
52.8
89.4

33,150.8 33,137.2
37,498.7 37,338.4
39,728.3 39,541.4

+
+
+

13.6
160.3
186.9

*
*
*

Krona

Korina

1923-24
1924-25
1925-26

Closed
Accounts
Estimates

1924
1925
1926

Markka Finland.

1925
1926
1927

Franc

France.

Greece.

Estimates
s

7,786
8,562

Accounts

1924-25

Drach-

-1,741
- 1,183

1,131
540

,
Estimates

1925-26
1926-27

ma

-1,121.0

1,270.2

317.0

450.3

133.3

Previsions

420.3

440.5

417.5

20.2

30.2

31.0

16.2

1924
1925
1926

1924
1925

1923-24
1924-25

Resultats
prelimin.
Previsions
.

Pr6visions

1924

1924-25

Comptes
clos
Comptes
prov. clos
Pr6visions
vot6es
Comptes
clos

386.5

127.1
-1,890.1

Provisional
Results 1924-25
Estimates

709.6
722.8

794.2
782.3

84.6
59.5

44.0
50.0

699.8

728.4

28.3

51.9

707.6
1,238.0

865.3
1,324.2

157.7
86.2

*
*

11,306.2

1,369.8

63.6

Spain.

Estimates

1923-24
1924-25

1925-26

21,403.6

+ 6,340.4

36,498.8

31,750.0

+ 4,748.8

Closed
Accounts

1924-25

799.4

795.8

812.1

826.1

1926-27

Pr6visions

824.7

820.6

1924-25
1925-26

Comptes
clos
Pr6visions

634.6
630.2

714.0
700.7

642.7

740.8

16,391.3
9,301.3
10,085.8

19,223.2
10,892.6
10,941.3

SOURCE: Memorandum sur les Finances Publiques. -

Norway.

Florin

Netherlands

Escudo Portugal.

Leu

Roumania.

United

1926

45.0
50.0

,,

1925-26

4.1

60.0

Estimates

1926-27

79.4
70.5

7.8
15.2

Closed
Accounts
Estimates

1924-25
1925-26

98.1

35.3

-2,831.9
-1,591.3
855.5

863.3
838.6
776.5

Krone

1925

3.6

Kingdom.

Krona

Sweden.

1926-27

Estimates

Memorandum on Public FIinance.

* On ne dispose pas des chiffres.

1 Ces chiffres ne comprennent que le deficit net du service des postes.
* Figures not available.
Only net deficit on Post Office is included in these figures.

1924

14.0

Italy.

1926-27

27,744.0

29,250.0 29,250.0

Lira

1925-26

Closed
Accounts
Prov. Closed Acc.
Voted
estimates

Pr6visions
,

Closed
Accounts 1924-25
Provisional
*
Results 1925-26
1,301.6 Estimates 1926-27

Preliminary
Results
Estimates

1925-26

1924
1925
1926

Peseta

Closed

6,045
7,379

Estimates

1925-26

1926-27

Tch6coslovaquie . . .

*
*
*

Resultats
provisoires

1926

Suede . . ..

766.2
548.6
337.2

1924-25

1925

Royaume-

3,414.0 3,504.8 3,092.5 -

1925-26
1926-27

1925-26

Roumanie

(continued).

2,647.8
2,956.2
2,755.3

Prov. closed Acc.

Comptes
clos
21,059.1 22,180.1
Resultats
provisoires 20,783.5 20,910.6
Pr6visions
18,673.2 20,563.3

1924-25

1926

Portugal.

Comptes
clos prov.
,
Pr6visions

Comptes
Drach-

1926-27
Pays-Bas.

COuKTRY

tisation
included in
expenditure

1924
1925
1926

Korlfna Czechoslovakia.

135 -

Tableau 83. Finances publiques. B. Analyse des recettes (en millions).

Table 83. Public Finance. B. Analysis of Revenue (000,000's omitted).

PAYS

Exercice
financier

Comptea *

Unite mon6taire

Financial

Ac-

year

counts *

_xc6dent net
du domaine
et des entreprises publics

Imp6ts
indirects

Recettes
nottes des
monopoles

Total
des recettes
provenant de

Direct

Indirect

Net yield

l'imposition

Net surplus

Other

Total

taxation

taxation

of
monopolies

Total tax
revenue

from public
domain and
undertakings

receipts

revenue

Impots
directs

Autres
recettes

Total
des recettes

AMERIQUE.

AMERICA.

Etats-Unis
(Dollar)
Br6sil

COUNTRY
Unit of currency

. . .

(Milreispapier)
Colombie
(Peso.)

..

1924-25
1925-26
1926-27

C. C.
P.
P.

United States.
(Dollar)

1924

P.

91.8

940.4

1925
1926

1,032.2

P.
P.

91.8
82.1

0.8

150.4

940.4
1,148.3

1,183.4

1,032.2
1,230.4

1.1
20.5

150.4
98.7

1,183.7
1,349.6

1923
1924
1925

P.
P.
P.

1.1
0.8
0.8

17.1
17.4
17.4

18.2
18.2
18.2

2.0
2.9
3.4

11.8
12.4
10.0

32,0
33.5
31.6

Colombia.
(Peso)

Brazil.

(Milreis
papel)

Salvador . .
(Colone)

1923-24
1924-25
1925-26

P.
P.
P.

0.54
0.66
0.74

12.10
14.63
16.03

0.10
0.10
0.15

12.74
15.39
16.92

0.08
0.03
-

0.14
0.17
0.30

12.96
15.59
17.22

Salvador.
(Colone)

Venezuela
(Bolivar)

1923-24
1924-25
1925-26

P.
P.
P.

0.15
0.15
0.15

59.84
63.24
66.57

59.99
63.39
66.72

0.38
0.36
0.35

0.95
0.91
0.61

61.32
64.66
67.68

Venezuela.
(Bolivar)

Indes
. . .
(Roupie)

1924-25
1925-26
1926-27

C.C.
R.
P.

Japon . . .
(Yen)

1924-25
1925-26
1926-27

C.C.
P.
P.

1924-25
1925-26
1926-27

C.C.
C.C.
P.

3,149.1
2,812.1
2,840.0

Autriche . .
(Schilling)

1924
1925
1926

C.C.
C.C.
P.

Belgique . .
(Franc)

1925
1926

ASIE.

ASIA.

163.9
166.4
165.4

464.6
476.1
471.6

75.6
72.2
77.2

704.1
714.7
714.2

108.7
109.5
95.2

121.0
72.7
63.4

933.8
896.9
872.8

148.2
130.3
152.2

1,128.2
1,007.6
1,048.6

234.9
265.1
294.7

764.3
307.8
296.1

2,127.4
1,580.5
1,639.4

4,029.9
3,890.3
3,672.5

142.6
153.9
172.6

7,321.6
6,856.3
6,685.1

9.1
6.3
104.6

525.6
1,602.8
1,664.8

7,857.2
8,465.4
8,454.5

Germany.
(Mark)

277.9
279.1
197.6

569.2
628.8
535.9

136.5
172.5
171.1

983.6
1,080.4
904.6

5.6
9.4
1.9

174.7
244.5
204.2

1,163.9
1,334.3
1,110.7

Austria.
(Schilling)

P.
P.

1,425.5
1,976.0

2,150.0
2,387.6

3,575.5
4,363.6

' 58.7
1 71.1

1,503.7
1,740.5

5,137.9
6,175.2

Belgium.
(Franc)

P.
P.
P.

840.0
905.0
875.0

2,924.1
3,293.0
3,255.0

124.0
166.5
187.0

3,888.1
4,364.5
4,317.0

261.1
373.7
386.9

1,071.7
1,017.0
1,037.0

5,213.9
5,755.2
5,740.9

Bulgaria.
(Lev)

1924-25

C.C.

163.8

252.3

1925-26
1926-27

2.5

418.6

P.
P.

178.7
165.2

257.8
256.1

2.5
2.5

439.0
423.8

Denmark.

5.6
2.9

94.2
89.3

538.8
516.0

(Krone)

1923-24
1924-25
1925-26

C.C.
C.C.
P.

825.9
882.9
817.4

1,157.0
1,272.0
1,196.5

364.2
367.6
436.4

2,347.1
2,522.5
2,450.3

4.9
10.2
4.3

156.8
150.1
124.6

2,508.8
2,682.8
2,579.2

Spain.
(Peseta)

P.
P.
P.

462.8
404.2
383.8

1,281.8
1,397.3
1,478.5

23.0
29.9
23.7

1,767.6
1,831.4
1,886.0

160.9
219.7
250.2

151.4
185.0
216.5

2,079.9
2,236.1
2,352.7

Finland.
(Markka)

980.0
877.3
896.4

EUROPE.

Allemagne
(Mark)

Bulgarie
(Lev)
Danemark

India.
(Rupee)
Japan.
(Yen)

EUROPE.

. .1924-25
1925-26
1926-27
.

(Krone)
Espagne . .
(Peseta)
Finlande
..
(Markka)

1924
1925
1926

136

Tableau 83. Finances publiques. B. Analyse des recettes (en millions) (fin).
Table 83. Public Finance. B. Analysis of Revenue (000,000's omitted) (concluded).

PA^s
Unite mon6taire

Exercice
financier

Comptes *

Imp6ts
directs

Impbts
indirects

Financial
year

Accounts*

Direct
taxation

Indirect
taxation

Recettes
nettes des
monopoles

Total
des recettes
provenant de

Net yield
of
monopolies

l'imposition
Total tax
revenue

Exc6dent net
du domaine
et des entreprises publics
Net surplus
from public
domain and
undertakings

Autres
recettes

Total
des recettes

Other
receipts

Total
revenue

EUROPE (suite).

COUNTRY
Unit of currency

EUROPE

(continued).

France . . .
(Franc)
Grece. . . .
(Drachma)
Italie .
(Lira)

1925
1926
1927

P.
P.
P.

10,536.7
11,462.9
11,146.1

15,619.4
19,316.6
2,1413.4

1,901.8
2,549.0
225.8

P.
P.
P.

1,032.4
898.5
1,093.6

1,913.7
2,019.8
3,669.7

155.1
143.9
212.7

C.C.
P.
P.

5,666.4
4,786.5
5,266.5

7,559.4
6,388.1
7,612.8

P.
P.

141.7
135.8

Pr6l.
P.
P.

1922-23
1923-24
1924-25

1923-24
1924-25
1925-26

. .1924-25
1925-26
1926-27

Norvige . .
(Krone)
Pays-Bas .
(Florin)

1924
1925
1926

Portugal . .
(Escudo)
Roumanie.
(Leu)

1925-26
1926-27

1924
1925
1926

28,056.9
33,328.5
36,515.3

241.3
437.4
298.3

3,980.3
2,625.3
2,498.5

32,278.5
36,391.2
39,312.1

3,101.2
4,976.0

104.8
117.5
86.8

525.3
565.1
1,639.0

3,731.3
3,744.8
6,701.8

2,574.5
2,623.9
2,710.7

15,800.3
13,798.5
15,590.0

318.1
138.6
301.8

9,035.9
3,109.0
3,542.3

25,154.3
17,046.1
19,434.1

185.5
174.1

5.0
6.1

332.2
316.0

20.66
24.22

52.5
46.3

405.4
386.5

Norway.
(Krone).

277.4
275.3
297.1

227.6
241.4
252.3

0.7
0.7
0.7

505.7
517.4
550.1

7.6
12.5
10.9

150.4
142.0
138.8

663.7
671.9
699.8

Netherlands.
(Florin)

P.
P.

48.04
175.59

120.34
392.89

12.47
13.48

P.

585.91

237.96

5.65
8.70

712.73

88.90
108.44

52.22

1,007.30

278.42
703.05

25.77

Portugal.
(Escudo)

203.46

1,236.53

P.
P.
P.

3,391.2
3,792.2
4,349.1

9,547.9
11,396.2
13,244.1

Royaume-Uni
()

1924-25
1925-26
1926-27

C.C.
C.C.
P.

416.2
403.7
394.8

273.5
280.8
296.4

Suede . . .
(Krona)

1924-25
1925-26
1926-27

C.C.
P.
P.

149.3
145.5
149.6

357.3
351.5
352.4

1,769.6
1,827.3
2,085.7

5,184.2
5,159.2
5,764.8

Tch6coslovaquie . . .
(Korina)

SOURCE :
SOURCE :

1924
1925
1926

P.
P.
P.

2,311.5
3,298.8
4,091.5

33,062.2

183.87

France.
(Franc)
Greece
(Drachma)
Italy.
(Lira)

15,250.6
18,487.2
21,684.7

298.2
395.2
684.1

1,397.6
1,548.5
2,096.8

16,946.4
20,430.9
24,465.6

689.7
684.5
691.2

6.0
4.4
5.8

53.4
89.2
73.2

749.1
758.1
770.2

United
Kingdom.
()

506.6
497.0
502.0

79.5
85.1
89.7

48.5
48.0
51.0

634.6
630.1
642.7

Sweden.
(Krona)

8,023.2
8,071.9
8,943.0

1,358.3
1,047.9
1,017.8

560.4
534.0
566.1

9,528.1
9,296.6
10,078.7

1,609.4
1,085.4
1,092.5

Roumania.
(Leu)

Czechoslovakia.
(Koruna)

Memorandum sur les Finances publiques.

Memorandum on Public Finance.

NOTE : Sont seuls compris les exc6dents nets des monopoles fiscaux, du domaine de l'Etat et des entreprises publiques.
* CC. =

comptes clos. P. = Pr6visions. R. = Pr6visions revis6es. Prel. = Resultats preliminaires.

Chiffres bruts comprenant les droits de peage.
2 Montants non comparables a ceux des annees suivantes.
3 Non compris la taxe additionnelle pour le Service de la dette int6rieure et les impbts directs et indirects de la Thrace.

NOTE : Only net surpluses of Fiscal Monopolies, Public Domain and Public Undertakings have been included.
* CC. = Closed accounts. P. = Estimates. - R. = Revised estimates. - Prel. = Preliminary results.
1 Gross figures including tolls.
2 Amounts not comparable with those for later years.
3 Excluding surtaxes for the domestic debt service and direct and indirect taxes from Thrace.

137

Tableau 83. Finances publiques. C. Analyse des depenses (en millions).

Table 83. Public Finance. C. Analysis of Expenditure (000,000's omitted).
Service
de la dette publique
Exercice
PAYS
Unit6 monutaire

financier

Comp.
Cop
tes *

Financial

Ac-

ear

counts *

DExercice
fense
nationale
~ ear
Defence

Pensions
Deficit
y compris des entrele
esos
rss
Public debt service les pensions
prises
___________________
de guerre publiques
Intrtr

Ainor-

Pensions

Deficit

tissement

including

on public

Amortisation

war
pensions

undertakings

466.5
500.4
515.6

627.3 2 23.1
614.7 2 37.1 33
578.12 24.8

Interest

Istrucpublique

Hygien e
publique

AdminisAdminis
tration
sociale

Autres
d&penses

Total des
dfpenses

Social

health

adminis-

expenditure

expenditure

AMERICA.

1924-25
1925-26
1926-27

C.C.
P.
P.

527.4
569.9
570.2

Bresil . . .
(Milreispapier)

1924
1925
1926

P.
P.
P.

244.2
251.7
250.9

Colombie . .
(Peso)

1923

P.

2.9

1924
1925

P.
P.

2.9
3.1

881.8
820.0
795.0

410.8
443.2
402.2
5.3
1

3.2
2.7

8.0
6.4

23.0
22.5
22.5

16.9
17.7
17.6

4.8
4.8
5.0

958.8
1,031.6
965.4

3,529.6
3,618.7
3,494.2

United
States.
(dollar)

43.8
42.9
40.7

5.2
6.1
6.1

283.8
360.1
350.2

1,107.9
1,223.3
1,152.9

Brazil.
(Milreis
papel)

55.0
59.0
59.0

53.9
50.1
33.6

11.2
10.2
10.2

0.4

2.2

1.0

1.5

20.2

33.5

0.4
0.4

1.7
2.3

1.3
1.3

1.4
1.6

19.3
17.9

38.2
35.7

0.78
0.83
0.83

Salvador . .
(Colone)

1923-24
1924-25
1925-26

P.
P.
P.

2.42
2.54
2.54

2.90
4.24
4.34

0.36
0.37
0.40

0.76
0.76
0.65

1.02
1.45
1.59

Venezuela
(Bolivar)

1923-24
1924-25
1925-26

P.
P.
P.

12.05
12.32
12.56

8.06
8.0
8.33

0.54
0.58
0.59

43.83

4.53
4.52
5.11

1924--25
1925-26
1926-27

C.C.
R.
P.

471.5
485.5
466.8

114.9
95.4
90.6

1924-25
1925-26
1926-27

C.C.
C.C.
P.

457.6
586.7
673.5

33.1
21.2
114.0
94.3
92.0
101.1

43.95
44.37

2.81
2.05
2.57

0.08
0.26
0.26

12.83
15.54
17.18

Salvador.
(Colone)

29.42
30.17
31.02

61.32
61.85
64.81

Venezuela.
(Bolivar)

ASIA.

37.8
49.7
49.9

26.3
27.2
23.9

1.1
0.9
5.0

3.0
3.0
3.7

4.0
3.9
4.7

6.9
17.0
15.6

1.9
6.0
5.6

0.04
0.06

385.4
502.66
548.24

1,168.3
1,192.9
1,192.9

India.
(Rupee)

288.6
524.0
944.5

5,635.0
5,559.4
5,745.6

7,793.8
8,233.3
9,294.3

Germany.
(Mark)

EUROPE.

EUROPE.

Autriche . .
(Schilling)

1924
1925
1926

C.C.
C.C.
P.

64.2
69.2
67.5

Belgique . .
(Franc)

1925
1926

P.
P.

734.0
676.4

1924-25
1925-26
1926-27

P.
P.
P.

1,170.4
1,234.9
1,234.7

1925-26
1926-27

P.
P.

61.7
58.1

60.2
56.0

Espagne . .
(Peseta)

1923-24
1924-25
1925-26

C.C.
C.C.
P.

886.3
1,132.9
815.9

'672.0
"723.0
'740.1

488.4
589.1
595.3

137.7
135.7
153.3

Bulgarie
(Lev)
Danemark
(Krone)

Colombia.
(Peso)

4.59
5.35
6.83

ASIE.

Indes
. . .
(Roupie)

Allemagne
(Mark)

currency

tration

cation

AMERIQUE.

Etats-Unis
(Dollar)

CORY

Other
Total
Unit
~~~~~~~~~~~~~~~~~Edu-ofcrey
Public

. .

Finlande . .
(Markka)

1924
1925
1926

P.
P.
P.

304.0 1,066.7
90.3 1,428.7
241.8 1,553.7
65.5
68.4
53.5

219.8
223.7
225.2

24.2
6.6
4.4

38.0
40.0
40.2

18.8
24.3
15.6

75.8
120.5
124.6

576.4
613.2
563.1

1,177.0
1,257.9
1,195.2

Austria.
(Schilling)

2,053.7
2,545.5

103.6
188.8

16.7

456.2
438.6

30.7
28.0

335.2
275.1

3,228.4
2,590.6

6,941.8
6,759.7

Belgium.
(Franc)

905.7
957.7
980.1

238.9
237.1
324.1

4 5.0
437.5

769.5
694.3
675.9

182.4
165.1
152.8

66.8
62.7
55.1

1,875.9
2,301.3
2,286.9

5,214.6
5,755.2
5,741.1

Bulgaria.
(Lev)

21.7
22.5

35.3
21.9

72.3
71.2

14.1
14.5

98.0
94.4

183.1
163.4

287.6
41.0
36.8

101.5
111.2
102.7

86.0
85.7
88.2

154.9
171.9
178.4

9.7
10.4
9.8

27.9
52.8
89.4

39.4
58.3
65.3

1.4

323.9
367.4
347.9

69.7
99.8
96.0

25.6
25.9
26.9

431.5

544.6
502.0

Denmark.
(Krone)

978.6
955.3
944.5

3,175.6
3,231.4
2,916.4

Spain.
(Peseta)

991.3
1,127.0
1,053.7

2,105.3
2,465.0
2,427.8

Finland.
(Markka)

138

Tableau 83. Finances publiques. C. Analyse des depenses (en millions) (fin).
Table 83. Public Finance. C. Analysis of Expenditure (000,000's omitted) (concluded).
Service
de la dette publique

PAYS

Unite mon6taire

Exercice
financier
Financial
year

Comptes *
Accounts

D
nationale
Dence

Pensions
Deficit
y compris des entrePublic debt service les pensions
prises
______
___
de guerre publiques
AmorPensions
Deficit
Inrts
tissement including on public
war
underInterest
Amortakings
pensions
tisation

Instruction
publique
Edu-

Hygiene
publique
Public
health

Administration
sociale
Social
administration

Autres
d6penses
Other
expenditure

Total des
d6penses
Total
expenditure

EUROPE

(suite).

EUROPE

France . . .
(Franc)

1925
1926
1927

P.
P.
P.

4,691.5
5,707.3
6,844.0

Grece
. . .
(Drachma)

1923-24
1924-25
1925-26

P.
P.
P.

2,606.1 1,040.7
1,392.1
873.3
2,010.9 1,026.5

Italie
. . .
(Lira)

1924-25
1925-26
1926-27

C. C.
P.
P.

Norvbge . .
(Krone)

1925-26
1926-27

P.
P.

(continued).

14,797.0
15,144.1
15,533.5

3,821.5
.5,730.7
6,670.8

524.6
183.7
906.6

146.7
122.1
419.7

3,282.6 ' 5,250.4 1,270,2 2,533.5

3,115.4 1 5,070.4 875.5 1,743.1
4,231.7 ' 4,341.81,301.6 1,928.3

125.5 1,631.6
125.5 1,658.8
145.9 2,147.9
-

6,414.1
4,032.9
6,701.9

--

1,204.3
1,187.5
1,289.5

38.3
38.5
40.9

259.5
329.4
463.2

6,317.4
4,585.8
5,768.4

20,156.2
16,945.6
19,365.4

56.9
57.2

21.7
22.3

17.1
18.6

161.7
152.5

440.5
417.5

Norway.
(Krone)

154.0
142.3
140.6

5.0
4.8
4.8

48.4
57.1
67.3

255.3
226.1
220.5

748.3
731.4
728.1

Netherlands.
(Florin)

7.76
10.83
17.65

19.19
26.28
31.17

167.67
258.94
515.64

569.60
864.14
1,322.73

Portugal.
(Escudo)
Roumania.
(Leu)

--

Prel.
P.
P.

99.9
106.2
103.8

140.6
143.7
139.1

44.0
50.0
51.9

1.1
1.2
0.1

1922-23
1923-24
1924-25

P.
P.
P.

116.63
201.29
338.33

178.36
255.99
310.73

1924
1925
1926

P.
P.
P.

3,793.9
4,591.2
5,329.6

3,340.9
3,677.5
4,474.2

Royaume-Uni
()

1924-25
1925-26
1926-27

C.C.
C.C.
P.

104.1
108.9
104.4

312.2
305.0
304.0

45.0
50.0
60.0

88.0
86.2
82.5

Suede . .
(Krona)

1924-25
1925-26
1926-27

C.C.
P.
P.

154.9
147.8
140.6

77.3
82.0
84.6

7.8
15.2
35.3

35.7
38.1
38.2

1924
1925
1926

P.
P.
P.

2,260.8 1,064.6
1,871.4 1,199.2
1,919.7 1,252.0

862.3
838.6
776.5

640.8
631.4
668.4

Portugal . .
(Escudo)
Roumanie
(Leu)

Tchecoslovaquie
. .
(Korfna)

8.80
9.59
12.94

France.
(Franc)

1,382.3
1,085.8
1,525.7

5.9
6.9

32,264.9
36,230.9
39,125.2

495.5
173.0
354.5

30.2
16.2

6,493.9
6,984.9
7,003.5

22.3
44.8
55.2

100.6
99.4

1924
1925
1926

703.9
879.6
952.8

188.9
221.1
402.8

46.4
44.4

Pays-Bas . .
(Florin)

nit
currency

30.33
8.77
0.66

40.86
92.45
95.61

960.5 1338,6 1,995.7

1,036.3
355.8 2,323.1
172.4
19.8 2,808.4

Greece
(Drachma)
Italy.
(Lira)

610.0
711.2
810.2

207.0
230.3
318.7

4,699.8
7,495.5
10,532.3

16,946.4
20,430.9
24,465.6

48.7
49.3
53.3

20.8
20.8
20.l

42.9
45.0
48.3

86.0
106.8
92.7

747.7
772.0
766.0

United
Kingdom.
()

118.1
124.1
126.0

24.8
25.9
26.7

36.2
39.9
50.1

269.2
227.9
239.3

724.0
700.9
740.8

Sweden.
(Krona)

4.1
819.4
2.044 695.9
2.3
716.0

194.4
145.9
146.3

825.2 5,688.4
823.8 4,679.7
877.7 3,704.3

12,360.0
10,887.9
10,063.2

Czechoslovakia.
(Koruna)

SOURCE : Menmorandum sur les Finances Publiques.

SOURCE : Memorandum on Public Finance.

NOTE: Les frais d'exploitation des monopoles fiscaux, du domaine de l'Etat et des entreprises publiques n'ont pas 6t6 compris; seuls les deficits sont portis, s'il y a lieu. Les chiffres de ce tableau sont surtout destines a indiquer les tendances qui se manifestent
dans chaque pays particulier; les comparaisons entre les chiffres relatifs aux divers pays ne devront 6tre faites qu'avec beaucoup de
circonspection.

Comptes clos - P. -= Previsions Pensions militaires seulement.

* CC. =

R. == Previsions revis6es -

Pril. =

Risultats pr6liminaires.

2 Postes seulement.

3 Y compris les frais d'administration.

4 Y compris le d6ficit du domaine public.
5 Chiffres non disponibles.
NOTE: Working expenses of Fiscal Monopolies, Public Domain and Public Undertakings have been excluded and only net deficits,
if any, included. The figures in this table are principally intended to show the tendency and development in each individual country;
comparison between the figures for the various countries should only be made with great care.

* CC. == Closed accounts - P. = Estimates Military pensions only.

2 Post Office only.
3 Includes cost of management.
4 Includes deficit on public domain.
a Figures not available.

R. =

Revised estimates -

Prel. = Preliminary results.

139 -

Tableau 83. Finances publiques. D. Dette publique et service de la dette (en millions).
Table 83. Public Finance. D. Public Debt and Debt Service (000,000's omitted).

Service

Dette interieure
Domestic

de la dette publique

debt

rPAYS

Unite monktaire

Date
Consolidee

Flottante

Totale

Funded

Floating

Total

Dette

Dette

extbrieure

totale

financier

Debt service
____________________

Foreign

Total
debt

Financial
year

Amortissement

debt

Exercice

Intrdtsa
Interest

COUNTRY

Unit of currency

Amortisation

AMiRIQUE.

Etats-Unis.
(Dollar)

AMERICA.

30.VI.1923
30.VI.1924
30.VI.1925

16,534.7
16,025.5
16,842.3

5,814.9
5,225.6
3,674.1

22,349.6
21,251.1
20,516.3

22,349.6
21,251.1
20,516.3

Br6sil . . ..
(Milreis-papier)

31.XII.1922
31.XII.1923
31.XII.1924

1,541.4
1,778.2
2,031.5

2,233.1
2,259.9
2,244.7

3,774.5
4,038.1
4,276.2

5,274.4
6,399.3
5,450.5

9,048.9
10,437.4
9,726.7

1922
1923
1924

301.0
407.5
410.8

Colombie.
(Peso)

..

31.XII.1922
31.XII.1923
31.XII.1924

On ne dispose pas
des chiffres Figures not available[

22.0
19.3
16.3

23.0
21.5
18.4

45.0
40.8
34.7

1922
1923
1924

6.3
8.9
9.1

Colombia.
(Peso)

Salvador
(Colon)

31.XII.1922
31.XII.1923
31.XII.1924

On ne dispose pas des chiffres not available.

16.7
5.6
22.3

Figures
21.5

34.3
47.3
43.8

1923-24
1924-25
1925-26

3.4
4.1
4.2

Salvador.
(Colon)

69.9
64.6
61.8

114.8
106.2
101.9

1922-23
1923-24
1924-25

8.1
8.1
8.0

Venezuela.
(Bolivar)

Venezuela ..
(Bolivar)

31.XII.1922
31.XII.1923
31.XII.1924

44.6
41.3
39.8

0.3
0.3
0.3

44.9
41.6
40.1

1922-23 1,056.0
1923-24
940.7
1924-25
881.8

403
458
467

United States.
(Dollar)
Brazil.
(Milreis
papel)

ASIE.

ASIA.

Inde ....
(Roupie)

31.111.1924
31.111.1925
31.111.1926

3,588.1
3,703.8
3,683.5

1,239.8
1,308.0
1,429.2

4,827.9
5,011.8
5,112.7

"4,320.4
14,549.3
' 4,566.4

9,148.3
9,561.1
9,679.1

1923-24
1924-25
1925-26

Japon
....
(Yen)

31.XII.1923
31.XII.1924
31.XII.1925

2,556.0
2,694.6
3,085.6

544.9
561.4
440.3

3,100.9
3,256.0
3,525.9

1,320.6
1,514.3
1,500.2

4,421.5
4,770.3
5,026.1

1923-24
1924-25
1925-26

742.0
2 24.4
2
20.3

2 2,001.9
2 1,853.4
2 1,374.9

22,743.9

21,877.8
21,395.2

937.8
922.8

2,743.9
2,815.6
2,318.0

1924-25
1925-26
1926-27

33.1
21.2
114.0

304.0
90.3
241.8

1,802.4
1,983.0
1,960.2

2,085.5
2,232.1
2,180.5

1924
1925
1926

94.3
92.0
101.1

65.5
68.4
53.5

411.8
423.7
430.6

37.8
49.7
49.9

163.2
195.0
230.8

India.
(Rupee)
Japan
(Yen)

EUROPE

EUROPE.

Allemagne ..
(Mark)

31.111.1924
31.III.1925
31.III.1926

Autriche
.
(Schilling)

31 XII 1923
31.XII.1924
31.XII.1925

282.3
248.3
219.6

0.8
0.8
0.7

283.1
249.1
220.3

Belgique.

31.XII.1923

14,752.9

17,115.5

31,868.4

9,751.9

41.620.3

1924

31.XII.1924
31.XII.1925

1,296.2

14,780.0
17,080.0

16,630.0
14,775.0

31,410.0
31,855.0

9,270.0
13,925.0

40,680.0
45,780.0

1925
1926

2,053.7
2,545.5

31.111.1924
30.VI.1925
31.111.1926

244.5
242.9
271.8

4,360.8
4,617.2
5,006.4

4,605.3
4,860.1
5,278.2

Danemark . .
(Krone)

31.111 1923
31.111.1924
31.111.1925

669.9
672.0
670.6

40.0
40.0
37.2

709.9
712.0
707.8

Espagne . . .
(Peseta)

30.VI.1924
30.VI.1925
30.VI.1926

. .

(Franc)
Bullgarie . . .
(Lev)

Finlande
..
(Markka)

31.XII.1923
31.XII.1924
31.XII.1925

948.7
882.8
761.3

4,296.1
5,072.6
5,472.6
---

5
5
0

948.7
882.8
761.3

1924-25
1925-26
1926-27

3
3

532.0
544.5
541.3

1,241.9
1,256.5
1,249.1

917.6
917.6
2

1,491.9
1,396.6
1,714.0

2,440.6
2,279.4
2,475.3

905.7
957.7
980.1

Germany
(Mark)
Austria
(Schilling)
Belgium.

(Franc)
Bulgaria.
(Lev)

1924-25
1925-26
1926-27

65.2
60.2
56.0

12.7
4209.1
31.6

Denmark.
(Krone)

1923-24
1924-25
1925-26

672.0
723.0
740.1

287.6
41.0
36.8

Spain.
(Peseta)

193.7
215.8
193.2

25.2
27.9
52.8

1923
1924
1925

Finland.
(Markka)

140

Tableau 83. Finances publiques. D. Dette publique et service de la dette (en millions) (fin).
Table 83. Public Finance.
D. Public Debt and Debt Service (000,000's omitted) (concluded).
Ser-ice

Dette interieure

Service
de la dette publique

Domestic debt
PAY-

____

Unite monetaire

Date
Consolidle

Flottante

Totale

Funded

Floating

Total

:Dette

Dette

exterieure

totale

Exercice
financier

Foreign

Total

Financial

debt

debt

year

Debt service
COUNTRY

AmorInterets
Interest

Unit of currency

tissement
Amortisation

EUROPE.

EUROPE.

(suite).

(continued).

France. . . .
(Franc)

30.VI.1924 190,245.9
30.IV.1925 199,527.9
31.III1.1926 194,265.8

Grce . . . .
(Drachma)

31.111.1922
31. 111.1923
31.111.1924

Italie . . ..
(Lira)

30. VI.1924
30.VI.1925
30.VI.1926

Norvege

. ..

90,367.0 280,612.9
86,647.0 286,174.9
93,434.0 287,699.9

1925
1926
1927

636,574.1

5,718.5
6,845.1
7,615.1
60,468
63,248
63,443

32,695
27,599
27,866

93,163
90,847
91,309

14,797.0
15,144.1
15,533.5

1923-24 1,040.7
1924-25
873.3
1925-26 1,026.5
-

2,729

93,163
90,847
94,038

1924-25
1925-26
1926-27

France.
(Franc)

524.6
183.7
906.6

6,520.6
5,944.9
5,643.4

Greece.
(Drachma)
Italy.
(Lira)

30.VI.1923

719.9

30.VI.1924
30.VI.1925

163.1

883.0

769.7
708.1

536.4

184.3
297.3

1,419.4

954.0
1.005.4

646.8
821.5

1,600.8
1,826.9

1.1.1924
1.1.1925
1.1.1926

2,788.4
2,923.4
2,871.3

666.0
359.6
306.3

3,454.4
3,283.0
3,177.6

1.1.1924
1.1.1925
1.1.1926

16,892.2
14,892.2
14,807.2

12,225.7
11,680.0
11,280.0

29,117.9
26,572.2
26,088.0

Royaume-Uni
(E)

31.III.1924
31.III.1925
31.111.1926

5,740.7
5,734.1
5,743.5

774.5
742.2
704.3

0 6,581.7
106,544.3
0 6,522.9

1,125.8
1,121.6
1,110.8

7,707.5
7,665.9
7,633.7

1924-25
1925-26
1926-27

312.2
305.0
304.0

45.0
50.0
60.0

United Kingdom ()

Suede ... . .
(Krona)

31.XII.1923
31.XII.1924
31.XII.1925

1,333.8
1,363.7
1,378.8

46.1
25.9
15.7

1,379.9
1,389.6
1,394.5

263.2
354.0
339.1

21,643.1
21,743.6
21,733.6

1924-25
1925-26
1926-27

77.3
82.0
84.6

7.8
15.2
35.3

Sweden.
(Krona)

Tchecoslovaquie
. . .
(Koruna)

31.XII.1924
31.XII.1925
31.XII.1926

1.139.6
1,268.0
1,312.7

862.3
838.6
776.5

(Krone)
Pays-Bas.
(Florin)

. .

Roumanie
(Leu)

. .

13,281
15,182
19,438

6,783
5.654
4,611

20,064
20,836
24,049

SOURCE:

MIemorandum sur les Finances Publiques.

SOURCE:

Mlemorandum on Public Finance.

NOTE:

8 3,454.4
8

3,283.0
3,177.6

1923-24
1924-25
1925-26
1924
1925
1926
1924
1925
1926

5.376
7,020
10,896

Ces emprunts figurent a leur valeur nominale, llais il

25,440
27,856
34,945

1924
1925
1926

72.1

91.8
100.6

5
30.2

145.7
149.8
144.2

44.0
50.0
51.9

3,340.9
3,677.5
4,474.2

Norway.
(Krone)
Netherlands.
(Florin)
Roumania.
(Leu)

Czechoslovakia.
(Korlina)

a lieu de remarquer que dans presque tous les reglements de

dettes qui ont ete conclus depuis 1923, les creances ont fait l'objet de reductions.
2

La dette en livres sterling a ete convertie au taux de Is. 6d. la roupie.

Ne comprend pas la dette d'avant la stabilisation.

3 I n'a pas ete possible de determiner le montant total en leva de la dette exterieure ; elle s'elevait au 31 mars 1926 a
772,3
millions de

francs, 97,5 millions de marks et 672,6 millions de francs-or.

La plus grande partie reprisente des remboursements effectues par suite d'opCrations de conversion.
5 On ne dispose pas de ces chiffres.
6 Au pair du change.
7 La dette exterieure qui s'elevait a 1,672.5 millions de drachmes-or an 31 mars 1924 representerait 17,900 millions de drachmespapier au cours de I drachme or = 10.7 drachmes-papier (cours moyen de 1924).
8
1

Chiffres bruts.

Au ler janvier 1926, la dette exterieure s'elevait a 570 millions de francs, 36,5 millions de lei et 41.1 millions de lires.
Y compris ( Dettes de capital diverses. ,

NOTE: These loans are shown at their face value, but it should be remembered that practically all debt settlements
which
have been concluded since 1923 have effected reductions in the claims.

Sterling debt converted at Is. 6d. the rupee.

Excluding the debt previous to stabilisation.
It has not been possible to calculate a total amount in leva of the foreign liabilities. On March 31st, 1926, they amounted
to: 772.3 million francs; 97.5 million marks and 672.6 million gold francs.
4 Mainly repayment in connection with conversion operations.
I Not available.
o At par rate of exchange.
7 The foreign debt which amounted to 1,672.5 million gold drachmai on March 31st, 1924, would
represent 17,900 million
paper drachmae at the rate of 1 gold dr. = 10.7 paper dr. (average rate of 1924).
s Gross figures.
On January 1st, 1926, the foreign debt amounted to 570 million fr., 36.5 million lei and 41.1 million lire.
" Including " Other capital liabilities".
2

141

Tableau 84. BILLETS EN CIRCULATION *.

(En millions.)

PAYS -

COUNTRY

Fin de

1913

1920

1921

Table 84.

NOTE CIRCULATION *.
(000,000's omitted.)

1922

1923

1924

1925

1926

End of:

AFRIQUE -AFRICA

Union Sud-Africaine - Union of

South Africa
() ......

Banques 1

2.3

9.1

8.8

8.3

8.8

9.1

7.2

6.6

Egypte (.E.)

Banque et
Etat
..

2.2

38.9

35.6

31.8

34.4

40.3

33.6

27.9

Bank and
Government

Banque et
Etat

116

242

190

184

187

177

176

190

Bank and
Government

Bts banque

726

4.264

3,255

3,118

2,951

2,555

2,458

2,458

3,447

5,645

4,707

4,733

4,951

4,993

5,008

5,001

1,36

1,363

1,363

1,363

1,320

1,320

1,320

Egypt

Banks'.

AMIERIQUE AMERICA

Amerique du Nord
-North

America

Canada
($) . . .

Etats-Unis -

Circulation

totale

Total

Ameriquedu SudSouth America

Argentine
(Peso papel)
Bolivie

Billets d'Etat

823

Bank notes

circulation

State notes

Bolivia

(Boliviano).

. . Banques

20.8

42.1

33.7

31.

32.3

34.8

38.6

Brsil - Brazil
Banque et
(Milreis) . . . .
Gouvernemt

897

1,848

2,049

2,223

2,649

2,975

2,707

2,569

Bank and
Government

Chili - Chile
($Ppapel). . .

186

303

325

302

293

336

392

372

Bank and
Government

10.1

16.5

16.1

16.1
6.16.1

6.1

6 Banks

5.8

5.6

5.5

Banque
Etat

Equateur
Ecuador (Sucre)

6 banques

Perou -

Banque de

Peru
(Libra) . . .

Uruguay
(Peso).
ASIE -

Banks

serve

17.6

38
36

Reserve
2

5.7

5.8

6.4

6.1

Banque de la

Republique

21

65

66

64

69

69

64

68

111

416

334

305

302

316

386

353

426

1,639

1,764

1,717

1,772

1,688

1 518

1,393

Bank

Bank of the
Republic

ASIA

Indes neerlandaises
Dutch East

Indies
(Gulden).

. . .

Japon - Japan
(Yen) .....

Banque et
Etat
Banque et
iEtat

Bank and
Government
Bank and
Government

* Ont nt exclus de ce tableau les pays pour lesquels les fluctuations des billets en circulation
ne representent pas suffisamment
les fluctuations de la masse monetaire totale. Pour ces pays ainsi que pour les details
du MImorandum sur les Monnaies et Memorandunm sur les Banques Centrales. La plupartde tous les pays, voir les differentes editions
des
donnees
sont publiees mensuellement
dans le Bulletin mensuel de Statistique.
Non compris la circulation en dehors de l'Union.
2 Jusqu'a 1921 circulation des a cheques circulaires
B.
* Excluding countries for which notes are not representative of total monetary
circulation.
For those countries as well as
for details on all countries, see the various editions of the Memorandum
of the current data are published in the Monthly Bulletin of Statistics. on Currency and Memorandum on Central Banks. Mast
Excluding circulation outside the Union.
' Up to 1921 : circulation of *"
circular cheques ".

142

Tableau 84 (suite). Billets en circulation.

(En millions.)

IAYS

OOUTRY

Fin de:

1913

1920

2,902

81,388

Table 84 (continued). Note Circulation.

(000,000's omitted.)

1921

1922

1924

1925

1926

End of:

2,274

3,891
383

4,626
582

5,080
749

Notes'
Coins

'2,274

4,274

5,208

5,829

1923

EUROPE

Allemagne Germany
(Mark) 3 ..

Billets 3
Pieces metall.

122,500

1,295,231
__

Circulation

Total

totale
Autriche
Austria
(Krone, Schilling) 4....
Banque

30,646

181,066

4,080,546

4 713

839

890

947

1,067

6,525

6,462

6,876

7,537

7,873

7,814

8,946

National
Bank

Banque
Nationale

189

3,354

3,615

3,886

4,139

4,530

3,655

3,481

National
Bank

Banque
Nationale

152

557

471

459

473

478

438

386

National
Bank

32

35

36

Bank of
Danzig

Belgique-Belgium
(Franc) . . . .

Banque
Nationale

Bulgarie-Bulgaria
(Lev) .
. ..
Danemark
Denmark
(Krone) . . ..

Dantzig - Danzig Banque de

(Gulden).
..
Dantzig
Espagne - Spain Banque
(Peseta) . . ..
d'Espagne
Estonie
Estonia
(Eesti mark).

circulation

1,931

Bank

4,326

4,244

4,131

4,338

4,547

4,440

4,339

Bank of Spain

Banque et
Etat

2,092

3,057

3,726

3,442

3,562

3,458

3,354

Bank and
Government

Finlande-Finland
(Markka) . . .

Banque de
Finlande

113

1,341

1,356

1,421

1,352

1,250

1,309

1,346

Bank of
Finland

France
(Franc) . . ..

Banque de
France

5,714

37,552

36,417

35,953

37,763

40,604

49,993

52,449

Bank of
France

245

1,508

2,161

3,149

4,681

4,866

5,339

4,865

14,308

25,175

75,887

*931

*4,514

6416

6471

22,275

21,754

20,560

19,956

20,870

21,450

20,133

Bank and
Government

58

67

74

66

67

Banks and
Government

30

60

93

82

87

Bank of
Lithuania

Gr6ce - Greece
Banque
Nationale
(Drachma). . .
Hongrie - Hungary
(Korona,
B
Pengo) 6
.. Banque
Italie - Italy
(Lira) .....

Banques et
Etat

Lettonie - Latvia
(Lat) . ..
.

Banque et
Etat

Lithuanie
Lithuania
. ..
(Litas) .

Banque de
Lithuanie

Norvege-Norway
(Krone) . . ..

Banque et
Etat
Banque et
Etat

2,782

Bank

108

492

419

395

407

402

366

337

Bank and
Government

313

1,123

1,046

1,044

1,098

958

892

830

Bank and
Government

Pays-Bas

Netherlands
(Gulden). . . .

National
Bank

* En milliards de Korona.
3 Jusqu'a 1922 total des billets de banque et des billets du Tr6sor exprimes en millions de marks. A partir de 1923 y compris
les billets de la Rentenbank, le (Notgeld ) et autres billets a valeur stable, exprimes en mille milliards de marks (ou en R Goldmark P,
Rentenmark ), Reichsmark).
4 Jusqu'h 1922: Kronen; depuis en schillings.
Pour 1920 et 1921 y compris les billets de la Soci6et G6enrale.
6 En millions de peng6 a partir de 1925 (peng6 = 12.500 Korona).
* Korona, 000,000,000's omitted.
3 Up to 1922 total of bank and Treasury notes, expressed in millions of marks. Since 1923 including notes of the " Rentenbank , " Emergency notes ", various issues of " fixed-value " notes expressed in marks, 000,000,000,000's omitted (or in " Goldmark",
mark
" Rentenmark ", ." Reichsmark ".
4 Up to 1922: Kronen; since in schillings.
5 For 1920 and 1921, including notes of the " Soci6t6 Generale ".
R Since 1925, peng6 (1 Pengo =
12,500 Korona).

Tableau 84

PAYS -

COUNTRY

143

(fin). Billets en Circulation.

(En millions.)

Fin de:

1913

Table 84 (concluded). Note cireulation.

(000,000's omitted.)

1920

1921

1922

49,3627

229,5387

793,437

1923

1924

1925

1926

End of:

EUROPE (sutte- conL.)

Pologne - Poland7 Banque et

(Marka p. Zloty)
Etat
Pieces metall.

125,371,955

Circulation
totale
Portugal
(Escudo).

..

Roumanie - Roumania (Leu) . .

Banque
Nationale
Banque
Nationale 8

Royaume-Uni
United Kingdom Banque et
() ..
.
Etat
Russie9 - Russia
Billets de
(Rouble-or Banque et
Gold Rouble). .
d'Etat
Pieces metall.

Banque
Nationale

Su6de - Sweden
(Krona) .. . .

Banque de
Suede

Suisse Switzerland
(Franc) . . ..

Banque et
Etat

Tchecoslovaquie Czechoslovakia
Banque
(Koruna) . . .
Nationaleo

663
152

880
141

676

815

1,021

Total
circulation

87

611

737

1,054

1,420

1,763

1,821

1,836

National
Bank

437

10,455

13,908

15,162

17,917

19,356

20,126

20,955

National
Bank

34.6

486.4

438.4

404.2

411.0

403.9

391.4

387.2

Bank and
Government

118

307

669
74

1,127
142

1.240
173

State and
bank notes
Coins

118

307

743

1,269

Circulation
totale
Royaume des
Serb.-Cr.-Slov.
(Dinar) . . ..

Bank and
Government
Token coins

642
34

1.413

Total
circulation
National
Bank

3,344

4,688

5,040

5,790

6,002

6,063

5,812

234

760

628

584

576

537

530

525

Bank of
Sweden

314

1,039

1,015

977

983

914

876

874

Bank and
Government

11,289

12,130

10,064

9,599

8,810

8,408

8,203

National
Bank lo

10.3

57.3

53.0

50.2

49.1

51.7

49.6

46.2

Bank and
Government"

1.7

8.3

7.5

6.8

6.6

6.7

6.9

OCtANIE OCEANIA

Australie Australia
()
.. .

Banque et
Etat 1

Nouvelle-Zelande
- New Zealand
() ......

Banques
d'emission

Banks of
Issue

7 Billets de la Caisse Nationale de Pr6ts, exprim6s en millions de marks; a partir de 1924 en millions de zloty.
s Pour 1920 et 1921 y compris les billets de la Banque G6nerale.
9 Le montant des billets d'Etat en circulation en 1913, 1920, 1921 et 1922, exprim6 en millions de roubles-papier a 6et respectivement 1.700, 1.168.700, 17.539.600, 2.138.711.400.
10Jusqu'h 1925: Office Bancaire du Ministere des Finances.
1 Pour 1913 billets d'Etat; depuis 1920 billets de la ( Commonwealth Bank . Y compris les anciennes 6missions de billets
de banque.
7 Notes of the National Loan Bureau, expressed in millions of marks ; since 1924 millions of Zloty.
8 For 1920 and 1921, including notes of the " Banque G6n6rale ".
The amount of State notes in circulation in 1913, 1920, 1921 and 1922 expressed in millions of paper roubles was 1,700;
1,168,700; 17,539,600 and 2,138,711,400 respectively.
'0 Up to 1925: Banking Office of the Ministry of Finance.
1 For 1913: Government notes: since 1920 notes of the Commonwealth Bank. Including old issues of bank notes.

144 -

Tableau 85. RESERVES D'OR ET D'AVOIRS STRANGERS (en millions).

Table 85. GOLD AND FOREIGN ASSETS RESERVES (000,000's omitted).
For explanations and footnotes, see p. 147.

Pour explications et renvois, voir p. 147. 1913

Fin de

PAYS

1920

1921

1923

1922

1924

1925

1926

End of:

AFRICA

AFRIQUE
Afrique du Sud, Banques:
Or .........
Uniondel''
Avoirs &trangers . ..
()
Egypte . . .
( E.)

8.2
-

Banque Nationale:
Or.........
Avoirs 6trangers . . .

12.2 12.5
-

2.1
1.6

3.4 3.4
38.9 36.3

12.5
0.5

12.5 12.3 10.2

3.3
2.2 6.3

10.4
6.3

3.6
3.4 3.4
3.4 3.4
35.8 40.7 48.9 42.2231.9

Banks:
Gold
Foreign Assets
National Bank:
Gold.
Foreign Assets.

Canada . . .
($6)

Or: Gouvernement . . .
Chartered Banks .

115
46

101
95

84
90

132
108

. . . .

161

196

174

240

Total

Avoirs etrangers :
Chartered Banks
Etats-Unis . .

($)

. . .

. . .
Bolivie
(Boliviano)

. . . .
(Peso oro) 4

Chili

230

209

Foreign Assets.
259
Chartered Banks.

106

112

Canada.
($)

Total.

452 Gold: Conversion Office.

Banks.
24

. .

295

517

507

505

500

47

476

476

Or: Banque de la Nation

Banques prives . .

6.6
12.1

15.6 15.6
6.0 6.0

15.1 15.1 15.1 16.8

6.0 4.2
6.0 6.0

18.7

21.6

21.6

21.1

21.1

21.1

21.0

60

78

84

89

98

99

103

179

252

124

284

85

..

. .

Or: Caisse d'amortissem.

Banque du Bresil .
Avoirs etrangers :
Banque du Bresil . . .

164
-

__-

Or dans le pays

. . .

Banques: or dans le pays

27

. . . .

27

316

280

280

280

287

280

18

*31

318

328

331

316

326

298

*116

48

72

65
-

. . .
390

51

63
-

393

394

36

39

63

101

154

379

427

452

5.0

9.6

15.0

Or: Banque de Reserve .

Banques privees . .
Total

Avoirs strangers :
Banque de R6serve

Gold: Amortization Office.

Bank of Brazil.
Foreign Assets :
Bank of Brazil.

Brazil.
(Milreis).

Conversion Office :

Chile.

Gold at home.

Banks: Gold at home.

Total.

Foreign Assets.

Bank of the Republic:

18.4

2.5 13.7 21.3 24.6

Gold.

Colombia.
($).

Foreign Assets.

4.3
0.4

4.3
0.2

4.3
0.2

4.4
0.2

4.4
0.2

4.4
0.2

4.4 Gold: Reserve Bank.

Private Banks.
0.2

4.7

4.5

4.5

4.6

4.6

4.6

4.6

Peru.
(Libra)

Total.

Foreign Assets:
-

1.30

0.85

1.15

0.71

0.70

Reserve Bank.
Gold:

Or:

Banq. de la R6publique

10.5 55.4

54.9 54.9

54.9 54.9

54.9 54.9

Bank of the Republic.

. ..
Banques privees
Total ... . .

4.8
60.2

1.7
1.3
56.6 56.2

0.2
0.6
55.5 55.1

0.9
0.9
55.8 55.8

Private Banks.
Total.

Avoirs etrangers :
Banq.de la Republique.
Or: Banque de Venezuela.
Autres b. d'6mission
Total

(Peso oro)

Conversion Office:
Gold abroad.
465

Banque de la Ripublique :
. . .

Total.

Total.

270

48

Argentine.
(Peso Oro)

Gold: Bank of the Nation. Bolivia.

(Boliviano).
Private Banks.

Caisse de Conversion :

Avoirs trangers

Venezuela .
(Bolivar)

226

452
24

Or.-

209

452
18

343

184

471
29

Avoirs6trangers

Perou . . ..
(Libra)

131 Gold: Government.

Chartered Banks.
99

471
34

Total

. .

112

138
88

471
36

Caisse de Conversion:
Or h l'etranger . . . .

($)

112

146

142
67

471
46

Total
Bresil . . . .
(Milreis)

87

117
67

233
62

Total

(Peso)

Egypt
(. E.)

United States.
Gold : Treasury:
Or : Tresor:
Gold held as assets of the Gov. ($)
348
333
357 338
380 341
262 433
Or p. comp. d. gouvern..
Gold against certificates
977 1,509 1,712 1,680
710 708
1,028 533
Or contre certificats .
Federal Reserve System
1,462 2,110 2,455 2,498 2,242 1,940 2,051
"Federal Reserve System"
423
Circulation 3.
458 424
415
457 429
634 501
Circulation......
Total.
1,924 2,929 3,657 3,933 4,247 4,547 4,409 4,502
Total . ...
Or : Caisse de Conversion
.
Banques ......

Argentine
(Peso Oro)

Colombie

Union of South
Africa'.
()

A.MERICA
AI

AMEnIRIQUE.

Uruguay

COUNTRY

. . . .

0.1

0.1

1.2

8.6 60.8 51.8 51.2 51.6

4.1
3.4 3.5
2.9
3.4
11.5

64.2

55.2

54.7

55.7

3.8

1.1

83.2

(Peso)

Foreign Assets:
Bank of the Republic.

66.2 74.0 69.2 Gold: Bank of Venezuela.

Other Issue Banks.
9.2
6.1
72.3

Uruguay.

Total.

Venezuela.
(Bolivar)

1-45 -

Tableau 85 (suite). Reserves d'or et d'avoirs etrangers (en millions).

Table 85 (continued). Gold and Foreign Assets Reserves (000,000's omitted).
Pour explications et renvois, voir p. 147. PAYS

Fin de:

1913

1920

1921

1922

For explanations and footnotes, see p. 147.

1923

1924

1925

1926

End of:

ASIE.

Inde . . . .
Or (Rupee)
Avoirs etr. (i)

ASIA.

Or (Rupee): Tr6sor . . .
Avoirs etrangers (): . .
" Paper currency reserve ,
( Gold standard reserve))
Total des avoirs etrangers

Indes N6erlandaises
. .
(Gulden)

Banque de Java:
Or ........
Avoirs etrangers5

Japon . . . .
(Yen)

Banq. du Japon et Tresor:

Or dans le pays
.
..
Or a l'etr. et avoirs etr.

Siam

Avoirs 6trangers : 5

. . ..

(Tical) '

382

239

243

243

223

223

223

223 Gold (Rupee): Treasury.

Foreign Assets ().:
2.7
8.3 5.9
5.9 17.0 17.0 29.0 5.6 Paper currency reserve.
12.7 38.0 40.3 40.1 40.3 40.0 40.0 40.0 Gold Standard reserve.
15.4 46.3 46.2 46.0 57.3 57.0 69.0 45.6
Total. Foreign Assets.

26
17

..

221
44

146
42

153
66

156
134 183
30 * 75 * 92

197
620

130 1,116 1,225 1,215 1,208 1,201 1,155 1,127

246 1,062
855 615
445 329
258 230
6

Bank of Japan and Treas.

Gold at home.
Gold abr. a. Foreign as.

Japan.
(Yen)

Foreign Assets : .

Siam.

48
-

37
4

33
14

51
17

54
17

65
18

70
21

Cover for currency Notes

Gold Standard Reserve.

Total

48

41

47

68

71

83

91

Total.

1,170 1,092
995 1,005
74
60
58
57
1,244 1,152 1,053 1,062

467
56
523

. ..
. .
. ..
. . .

Banque Nationale:
Or.....
.
.
Avoirs etrangers . . .

Belgique . . .
(Franc)

Banque Nationale:
Or
Avoirs etrang.(Franc or)

Bulgarie . . . Banque Nationale:

(Lev)
Or ......
.
Avoirs etrangers . .
Banque Nationale:
Or..........
Avoirs etrangers . .

208

760 1,208 1,831 Gold: Reichsbank.

59
66
66
Other Banks.
819 1,274 1,897
Total.
Foreign Assets.
347 1,198 1,016
963
Reichsbank.

Espagne . . . Banque d'Espagne:

(Peseta)
Or .........
Avoirs etrangers

. .

.......
Total

.
. . . .

Banque de Finlande:
Or.
Avoirs 6trangers . .

National Bank:
Gold.
Foreign Assets.

Germany.
(Gold Mark)

Austria.
(Schilling).

0.1

0.1

0.1

9.3 11.1 14.8 52.5

435 366
567 683

249
167

267
27

267
20

269
17

270
18

272
30

274
30

National Bank:
448 Gold.
323 Foreign Assets (Gold Fr.).

55
14

37
680

38
213

38
238

40
995

40
880

41
488

44
496

National Bank:
Gold.
Foreign Assets.

Bulgaria.
(Lev)

73
35

228
49

228
47

228
13

210
17

210
49

209
90

209
27

National Bank:
Gold.
Foreign Assets.

Denmark.
(Krone)

35

36

Bank of Danzig:
Gold a. Foreign Assets.

Danzig.
(Gulden)

Bank of Spain:
Gold.
Foreign Assets.

Spain.
(Peseta)

Gold and Foreign Assets :

Treasury.

Estonia.
(Eesti Mark)

480 2,456 2,513 2,525 2,527 2,535 2,537 2,557

194
83
42
37
30
34
30
35

Or et avoirs Strangers :
Tresor ........
Banque

Finlande. . .
(markka) "0

Dantzig . . . Banque de Dantzig:

(Gulden)
Or et avoirs etrangers. .29

Estonie . . .
(Eesti Mark)

(Tical)

EUROPE.

Or: Reichsbank .
Autres banques
Total .
Avoirs etrangers :
Reichsbank . .

Autriche . . .
(Schilling)

Danemark
(Krone)

For. Assets (.)

Dutch East
Indies.
(Gulden)

Couv. de billets d'Etat.

aGold Standard Reserve)
. . . .

British India.
Gold (Rupee).

Bank of Java:
Gold.
Foreign Assets 5.

EUROPE.

Allemagne ..
(Mark or)

COUNTRY

683
-

276
812

332

332

539

539

697 1,050
901
1,380 1,589 1,440

________

332
790

332
613

332 332
327
563 1,272 1,317

Belgium.
(Franc)

Bank.
Total.

Bank of Finland:
Gold.
Foreign Assets.

Finland.
(markka)

10

146

Tableau 85 (suite). Reserves d'or et d'avoirs 6trangers (en millions).

Table 85 (continued). Gold and Foreign Assets Reserves (000,000's omitted).
Pour explications et renvois, voir p. 147. Fin de:

PAYS

1913

1920

1921

1922

For explanations and footnotes, see p. 147.

1923

1924

1925

1926

End of:

COUNTRY

EUROPE (suite).

France
.
(Franc)

EUROPE (con-

tinued).

. .Banque
de France:
Or : dans le pays . ..3,517
a l'etranger " . .
Avoirs etrangers . . .
-

Bank of France:
3,552 3,576 3,671 3,676 3,681 3,684 3,684
Gold : at home.
19481,948,948 1,864 1,864 1,864 1,864 1,864
abroad ".
101 108
73
76
69
64
85
Foreign Assets.

Grece . . ..
(Drachmae)

Banque Nationale:
Or ........
Avoirs etrangers . . .

Hongrie . . .
(Pengo)

Banque Nationale:
Or..
Avoirs trangers . . .

Italie . . . .
(Lira)

Or: 3 Banq. d'Emission 12 1,376 1,478 1,511 1,545 1,537 1,550 1,553 1,563 Gold: 3 Banks of Issue
Tresor . . . .
.
117 161
170
170 172
173 173
87
Treasury.
Total . . ..
1,493 1,639 1,681 1,715 1,709 1,723 1,726,650
Total.
Foreign Assets:
Avoirs etrangers:
3 Banques d'Emission 12
197 509
411 410
216
157 192
642
3 Banks of Issue 12
(Lira or).
(Gold Lira).

Lettonie
(Lat)

Banq.d.Lettonie etTrsor:
Or...
.
.
Avoirs trangers . ..

11 13.3 16.7 23.6 23.6 23.6

- 48.8 68.8 60.2 35.3 29.2

Banque de Lithuanie:
Or . . . . . . . . .
Avoirs etrangers . .

15.2 16.4 30.8 32.3 31.4

17.9 46.5 63.2 32.2 37.2

Lithuanie
(Litas)

. .

25
227

56
257

56
191

56
173

63
853

14

18

26

France.
(Franc)

64
66
77
793 1,121 1,388

National Bank:
Gold.
Foreign Assets.

Greece.
(Drachmae)

39
194

National Bank:
Gold.
Foreign Assets.

Hungary.
(Pengo)

59
346

169
117

12

Italy.
(Lira)

Bank of Latvia a. Treas.

Gold.
Foreign Assets.

Latvia.
(Lat)

Bank of Lithuania:
Gold.
Foreign Assets.

Lithuania.
(Litas)

Bank of Norway:
Gold.
Foreign Assets.

Norway.
(Krone)

Norvege . . . Banque de Norvege:

(Krone)
Or .....
.
Avoirs trangrs . .

44
41

147
63

147
47

147
58

147
32

147
51

147
70

Pays Bas . . Banque des Pays Bas :

(Gulden)
Or .........
.
Avoirs etrangers

151
20

636
59

606
59

582
138

582
53

505
167

443
414
201 6187

Netherlands Bank:
Gold.
Foreign Assets 6.

Netherlands.
(Gulden)

15

30

49

66

103
254

134
-

Bank of Poland:
Gold.
Foreign Assets.

Poland.
(Zloty)

8.6
8.6 8.6
8.6
7.3 50.2 46.5 49.1

Bank of Portugal:
Gold.
Foreign Assets.

Portugal.
(Escudo)

Roumania.
(Leu)

Pologne . ..
(Zloty)

Banque de Pologne:
Or.........
Avoirs etrangers . . .

Portugal . . . Banque du Portugal:

(Escudo)
Or .........
Avoirs etrangers .
Roumanie
(Leu)

. . Banque Nationale:
Or: dans le pays.
a l'etranger 14

Royaume-Uni.
()

. .
.

Banque Nationale:
Or .........
Avoirs etrangersl

152

Or: Banque d'Angleterre

Tresor ......
.
Total . . . .

Russie U.R.S.S.I Banque d'Etat:

(Rouble or)
Or .........
Avoirs etrangers

Serbes, Croates
Slovenes,
Royaume des
(Dinar)

7.5
.

8.6
7.6

8.6
8.6
1.7 25.9

138
125

39

127

135

139

144

National Bank:
Gold: at home.

493

493

493

428

428

428

428

abroad 14

35.0 128.3128.4 127.5 128.0 128.6 144.6 151.1 Gold: Bank of England.
Treasury.
-. 28.5 28.5
27. 0 27.0
27.0
Total.
35.0 156.8156.9154.5155.0155.6144.6151.1

. ..

..

147
63

13

58
4

64
33

74
35

5
25

88
124

142
197

182
66

64
19

69
49

72
79

76
83

164

State Bank:
Gold.
Foreign Assets.

National Bank:
86
Gold.Din
65
Foreign Assets

United Kingdom.
()

Russia.
(U.S.S.R.)
(Gold-rouble)

Kingdom
S.H.S.
(Dinar

- 147
Tableau 85 (fin). Reserves d'or et d'avoirs Strangers (en millions).
Table 85 (concluded). Gold and Foreign Assets Reserves (000,000's omitted).
rAYs

Fin de :

1913

1920

1921

1922

1923

1924

1925

1926

End of:

EUROPE (fin).

COUNBY

EUROPE

(concluded).

Suide

(Krona)

Banque de Suide:

Or ........
Avoirs etrangers

Suisse . . ..
(Franc)

Banque Nationale:
Or . . . . . . . . .
Avoirs etrangers . . .

Tch6coslovaquie. . . .
(Koruna)

Office bancaire:
Or.
. . . .....
Avoirs etrangers

Bank of Sweden:

102
122

282
108

275
135

274
247

272
143

237
137

230
202

224
204

Gold.
Foreign Assets.

170
38

543
25

550
59

535
74

537
94

506
193

467
222

472
222

National Bank:
Gold.
Foreign Assets.

Switzerland.
(Franc)

138
582

420
533

691
601

908
1236

913
916 918
737 1,199 2,083

Banking Office:
Gold.
Foreign Assets.

Czechoslovakia.
(Koruna).

. .

OCtANIE.

(Krona)

OCEANIA.

Australie.
()

NouvelleZlande
(O)

Sweden.

Or: Commonwealth Bank (4.5) 23.7 23.3 23.9

Banques Commerc. l
33.7 21.5 22.1 22.3
Total . . ..
38.2 45.2 45.4 46.2
Avoirs etrangers:
(Commonwealth Bank
.
32.7 37.5 37.1

. .

Or: Banques d'emission.

5.3

7.7

7.7

7.9

24.9 24.9 26.3 22.0 Gold: Commonwealth Bk. Australia.

22.1 22.2 33.7 728.2
Joint Stock Banks 16
(")
47.0 47.1 60.0 50.2
Total.
Foreign Assets:
37.8 41.1 49.1 54.3 Commonwealth Bank.

7.9

7.7

7.7

7.8 Gold: Banks of Issue.

:OURCE: Memorandum sur les monnaies et les banques centrales. Bulletin mensuel de statistique.
SOURCE: Memorandum on Currency and Central Banks. Monthly Bulletin of Statistics.
* Estimation.

Or, y compris une faible partie de monnaie divisionnaire.

- Novembre.
3 L'or se trouvant en dehors du Tr6sor et du Systeme f6d&ral de reserve.
4Nouvelle parit6: I ancien = 3 nouveaux pesos.
Fin mars de l'annee suivante.
631 decembre. Effets sur l'6tranger seulement.
D'apr6s la parite: 1 = 12 ticals.
8 Avoirs etrangers servant de couverture de billets seulement.
Les chiffres correspondants en belgas sont: or: 620 millions; avoirs etrangers: 447 millions.
0 Nouvelle parite: 1 ancien = 7,66 nouveaux markka.
1 Repr6sentant, pour la plus grande partie, des cr6ances sur l'or, non assigne pour le compte de la Banque.
12 Apr6s l'unification du Service d'6mission, en juillet 1926, les chiffres se refirent a la
Banque d'Italie seulement.
13 Non compris les fonds d'Etat etrangers.
14 Principalement creances sur la Russie.
' Evalues a leur parit6 nominale.
1 Or et argent.
17 Septembre.
* Estimate.

Gold, including a small amount of subsidiary coin.

November.
3Gold outside
2

Treasury and Federal Reserve System.

4 New parity: 1 old = 3 new pesos.
End of March of following year.
6 December, 31st. Foreign bills only.
At the parity of 1 = 12 Ticals.
s Foreign assets used as note cover only.
9 The corresponding figures in belgas are: gold 620 million, foreign Assets 447 million.
0 New parity: 1 old= 7.66 new markka.
" Mainly claims on gold not earmarked for the account of the Bank.
12 After the unification of the note issue, in July 1926, the figures refer to Bank of Italy
only.
13 Excluding Foreign Government Securities.
4 Mainly claims on Russia.
; Counted to their nominal parity.
16 Gold and silver.
i September.

New
Zealand
(C)

-148

Tableau 86. EFFETS COMMERCIAUX, PRITS ET AVANCES DES BANQUES CENTRALES

ET LEURS STOCKS DE FONDS D'1TAT (en millions).

Table 86.

CENTRAL BANKS' DISCOUNTS, LOANS AND ADVANCES AND HOLDINGS

OF GOVERNMENT

SECURITIES (000,000's omitted).

Pour explications et renvois, voir p. 151.

For explanations and footnotes, see p.

a) Fonds d'Etat. Prets et avances h l'Etat.

b) Autres prets et avances.
c) Escompte sur l'int6rieur.

PAYS

Fnde

1913

End of:

1920

1921

151.

(a) Government Securities. Loans and Advances.

(b) Other Loans and Advances.
(c) Inland Discount.

122

1923

1924

1925

1926COUNTRY

AFRIQUE

AFRICA.

Afrique du Sud.
Union de 1'
Banque de Reserve

a)
b)
c)

()

Total

Egypte
Banque Nationale
( E.)

a)
b)
c)

2.6
6.0
0.3

Total

a)
b)
C)
Total

2.20

1.30
1.06
2.69

0.53
0.01
2.70

2.00
0.04
2.06

1.27
0.02

0.14 South Africa,

Union of
1.53
Reserve Bank.

2.20

5.05

3.24

4.10

1.29

1.67

13.7
5.7
0.1

7.1
6.4
0.1

11.7
5.7
0.1

14.3
6.3
0.1

21.3
6.3
0.2

26.5
6.3
0.2

26.3
6.0
0.3

8.9

19.5

13.6

17.5

20.7

27.8

33.0

32.6

14.8
930.6

133.0
1,479.6

222.4
1,357.4

221.2
1,225.9

282.0
1,197.5

346.8
1,127.3

375.9
1,097.3

328.6
1,187.8

945.4

1,612.6

1,579.8

1,447.1

1,479.5

1,474.1

1,473.2

1,516.4

287.0

233.7

436.2

133.6

540.2

377.0

317.2

____________

AMERIQUE

Canada
Chartered Banks
($)
Etats-Unis
Banques de la

Reserve fed.

($)

a)
b)

c)
__
Total
a)
b)

(Milreis)

c)

2,947.8
3,234.8

1,289.6
1,523.3

889.9
1,326.1

__

Total
Colombie
Banque de la Rep.
($)

a)
b)
)
Total

Perou
Banque de Reserve
(Libra)

a)
b)
c)

1,112.5
1,489.5

602.3
242.7

572.5
274.4

593.4
265.2

778.5

636.0

343.9

467.9

1,623.5

1,482.9

1,202.5

1,277.2

2.6
0.5
3.0
6.1

3.7
0.1
8.5
12.3

3 2.0 Colombia.
Bank of the Rep.
0.1
12.7
($)
14.8

5.7
__

________

United States.
Federal Reserve

701.2
1,241.4

3.8
19 1

1,089.7
1,406.9

Canada.
Chartered Banks.
($)

1,077.7
1,211.3

__________________

Total

Banks.
($)

552.4 Brazil.
256.9
Bank of Brazil 2

0.4

-0.9

1.4

2.8

2.1

0.4

0.9

1.4

2.8

2.1

a)
b)
c)

0.7
28.5

6.1
74.9
3.9

6.1
75.9
3.4

6.1
70.9
3.5

10.5
70.4
2.8

10.5
71.3
3.3

6.8
71.5
3.0

6.8
79.9
4.7

Total

29.2

84.9

85.4

80.5

83.7

85.1

81.3

91.4

111.8
439.5
99.4
650.7

85.3
483.0
61.9
630.2

108.9
592.6
114.4
815.9

151.5
491.3
115.9
758.7

157.9
504.8
48.9
711.6

ASIE

(Milreis)

Peru.
Reserve Bank.
(Libra)

Uruguay.
Bank of the Rep.
($)

ASIA.

Inde
Banque Imp6riale
(Rupee)

a)
b)
c)
Total

Indes N6erlandaises'
Banque de Java
(Gulden)

a)
b)
C)
Total

10.2
38.5
4.1
52.8

62.7
111.2
31.2
205.1

18.0
93.1
29.4
140.5

17.9
62.6
31.4
111.9

17.9
61.3
33.0
112.2

4.2
42.4
19.4
66.0

7.0
43.3
8.2
58.5

Japon
Banque du Japon
(Yen)

a)
b)
c)

112.3
85.6
72.6

187.0
128.7
155.3

188.2
110.7
296.3

205.9
299.5
342.4

281.4
387.2
627.3

286.7
409.0
511.0

295.5
276.6
454.7

Total

270.5

471.0

595.2

847.8

1,295.9

1,206.7

1,026.8

268.3
261.7
530.0

143.7
17.0
1,881.9
2,042.6

145.6
10.3
1,353.4
1,509.3

172.0 British India.

396.7
Imperial Bank.
73.3
(Rupee)
642.0
-65.7
13.7
79.4

Dutch East Indies

Java Bank.
(Gulden)

297.0 Japan.
103.8
Bank of Japan.
517.8
(Yen)
918.6

EUROPE

Allemagne
Reichsbank
(Mark)

Egypt.
National Bank.
( E.)

AMERICA.

Br6sil
Banque du Bresil 2

Uruguay
Banque de la Rp.
($)

()

EUROPE.

a)
396.9 58,085.8 132,330.9 1,184,464.4
b)
94.5
4.4
8.5
774.0
c)
1,357.6
7
922.2 411,117.1
Total 1,849.0 58,090.2 133,261.6 1,596,355.5

136.4
84.1
1,412.9
1,633.4

Germany.
Reichsbank. 6
(Mark)

4.

149 -

fableau 86 (suite). Effets eommerciaux, prets et avances des Banques centrales et leurs stocks de fonds
Table 86 (continued).

d'Etat (en millions).

Central Banks' Discounts, Loans and Advances and Holdings of Government
Securities (000,000's omitted).
For explanations and footnotes, see p. 151.

Pour explications et renvois, voir p. 151.

a) Fonds d'Etat. Prets et avances a l'Etat.
b) Autres prets et avances.
c) Escompte sur l'interieur.

Fin de
End of:

PATS

1913

1920

(a) Government Securities. Loans and Advances.

(b) Other Loans and Advances.
(c) Inland Discounts.

1922

1921

1923

1924

1925

1926

COUNTRY

EUROPE (suite)

EUROPE (continued)

Autriche
Banque Nationale
9
(Schilling

a)
b)
C)

22,595.6 151,773.1 2,558,379.8

769.0
666.6
494.8

253.5
0.2

217.8
178.5

188.0
62.0

177.3
59.7

781,767.4

132.3

188.0

180.2

123.5

426.0

Total

23,790.6

29,373.6

181,813.3 3,340,642.0

Austria.
National Bank
(Schilling

8.

9)

360.5

386.0

584.3

430.2

6,090.6
161.1
861.6

6,093.0
208.0
458.3

5,995.8
275.3
713.1

5,899.1
355.1
1,354.8

5,802.6
583.9
1,553.4

5,805.8
10 897.7
1,253.7

754.7

7,113.3

6,759.3

6,984.2

7,609.0

7,939.9

7,957.2

151.6
142.6
41.1

3,531.5
157.2
14.5

4,179.5
267.7
33.7

4,896.9
302.0
61.5

5,135.412 5,229.3 12 5,194.9 12 5,030.8 Bulgaria.

489.9
934.4
956.7
1,418.7
National Bank.
154.8
308.5
364.3
377.4
(Lev)

11

Belgique
Banque Nationale
(Franc)
Bulgarie
Banque Nationale
(Lev)

a)
b)
C)

58.5
61.4
634.8

Total

a)
b)
c)

2,129.7 Belgium.
183.1
National Bank.
2,461.5
(Franc)
4,774.3

Total

335.3

3,703.2

4,480.9

5,260.4

5,780.1

6,472.2

6,515.9

6,826.9

Danemark
Banque Nationale
(Krone)

a)
b)
c)
Total

1.9
17.5
59.4
78.8

96.5
101.0
122.2
319.7

5.9
176.7
185.7
368.3

43.0
100.6
169.1
312.7

55.0
112.4
260.8
428.2

33.0
107.7
80.2
220.9

11.0
105.7
85.3
202.0

1.7
82.4
107.5
191.6

Dantzig
Banque de Dantzig
(Gulden)

a)
b)
c)
_____
Total

Espagne
Banque d'Espagne
(Peseta)

a)
637.1
b)
660.1
c)
356.8
Total 1,654.0

13

Estonie
Banque d'Estonie
(Eesti mark)

957.0
1,277.0
1,227.4
3,461.4

a) 15
b)
c)
Total

625.0
2,594.5
762.3
3,981.8

600.8
2,646.0
797.1
4,043.9

Spain.
Bank of Spain.
(Peseta)

108.6
1,116.0

462.1
2,088.2

660.9
3,056.0

382.0
3,414.3

576.9
4,008.8

649.8
4,045.3

Estonia.
Bank of Estonia.

283.6
1,508.2

859.9
3,410.2

1,650.9
5,367.8

1,465.5
5,261.8

1,826.9
6,412.6

1,751.4
6,446.5

548.1
15.2
701.5
1,264.8

482.1
11.5
539.6
1,033.2

361.2
54.8
424.1
840.1

136.0
115.9
538.5
790.4

28,334.1 27,960.3 40,414.1

2,414.1
2,930.2
2,539.7
3,245.1
5,240.7
3,572.9
33,993.3 35,131.2 46,526.7

41,776.0
2,082.8
4,437.3
48,296.1

France.
Bank of France.
(Franc)
Greece.
National Bank.
(Drachma)

583.1
59.5
590.7
1,233.3

France
Banque de France
(Franc)

a)
426.3 31,003.2
b)
772.4 2,217.6
c)
1,523.6 3,273.8
Total 2,722.3 36,494.6

29,465.2
2,288.6
2,121.5
33,875.3

28,606.2
2,146.6
1,990.8
32,743.6

(Lira)

a)
b)
c)

195.8
163.0
31.5

2,420.6
402.5
135.8

3,548.2
441.9
137.8

4,729.9
798.6
263.9

5,948.3
791.8
354.6

5,807.5
1,300.4
941.2

5,951.2
1,582.8
1,054.6

5,390.2
1,804.6
1,148.3

Total

390.3

2,958.9

4,127.9

5,792.4

7,094.7

8,049.1

8,588.6

8,343.1

10,079.5
193.5
270.0
10,543.0

20,859.2
3,389.7
3,900.0
28,148.9

37,423.5
6,680.4
29,778.3
73,882.2

420,776.2
934.8
562,340.5
984,051.5

152.8

156.3

134.7

153.0
305.8

134.2
290.5

218.1
352.8

a)
b)
c)
Total

Danzig.
Bank of Danzig.
(Gulden)

605.3
2,408.0
918.7
3,932.0

708.1
150.9
627.4
1,486.4

Trois Banques
d'emission 19

1.0
8.8
9.8

603.2
2,012.5
954.8
3,570.5

856.5
140.3
219.6
1,216.4

Italie

615.3
2,090.4
751.2
3,456.9

a)
b)
c)
Total

Hongrie
Banque Nationale'
(Korona 17)

3.3
15.3
18.6

610.3
2,408.4
1,093.0
4,111.7

Finlande
Banq. de Finlande
(Markka)

Grece
Banque Nationale
(Drachma)

0.8
31.3
78.7
110.8

2.5
17.0
19.5

13

Denmark .
National Bank.
(Krone)

a)

355.2

11,974.9

10,236.1

9,444.2

9,253.1

8,982.9

8,902.3

5,677.0

b)
C)

237.3
676.1

4,018.4
3,922.0

5,655.2
4,887.9

3,699.9
6,039.7

4,074.2
7,927.7

3,889.4
9,108.2

4,755.1
9,984.9

3,084.7
8,016.0

Total 1,268.6

19,915.3

20,779.2

19,183.8

21,255.0 21,980.5

23,642.3 16,777.7

(Eesti mark.)

Finland.
Bank of Finland.
(Markka)

Hungary.
National Bank
(Korona 17)

1.

Italy.
Three Banks of
issue 19

(Lira)

20

Lettonie
Banque deLettonie

a)
b)

(Lat)

c)

Total

__________

0.1
4.4

0.1
18.5

0.1
51.6

0.1
50.9

0.1
54.7

6.1

20.1

46.0

63.4

70.8

10.6

38.7

977

114.4

125.6

Latvia.
Bank of Latvia.
(Lat)

150

Tableau 86 (fin). Effets eommereiaux, pr~ts et avances des Banques centrales et leurs stocks
de fonds
d'Etat (en millions).
Table 86 (concluded). Central Banks' Discounts, Loans and Advances and Holdings of
Government
Securities (000,000's omitted).

Pour explications et renvois, voir p. 151. a) Fonds d'Etat. Prits et avances a l'Etat.
b) Autres prets et avances.
c) Escompte sur l'int6rieur.
AYS

(a) Government Securities. Loans and Advances.

(b) Other Loans and Advances.
(c) Inland Discounts.

Fin de:

End of:

For explanations and footnotes, see p. 151.

1913

1920

1921

1922

1923

1924

21

21

21

1925

1926

EUROPE (suite)
Lithuanie

EUROPE (continued)
a)

Bang. de Lithuanie

(Litas)

co|UNTr

b)
c)
Total

21

21

Lithuania

Bank of Lithuania

(Litas)
8.6

22

22

16.5

34.5

48.6

22

51.9

Norv6ge
Banq. de Norvege
(Krone)

a)
b)
c)
Total

7.7
65.3
73.0

2.2
42.5
449.3
494.0

2.6
23.9
419.7
446.2

2.8
25.5
363.9
392.2

2.6
56.3
323.5
382.4

2.5
62.3
244.3
309.1

2.5
63.7
165.9
232.1

2.5 Norway.
251.8
Bank of Norway.
120.7
(Krone)
375.0

Pays-Bas 23
Banq. Nerlandaise
(Gulden)

a)
b)
c)
Total

9.4
85.5
55.6
150.5

72.7
228.6
138.1
439.4

63.5
159.6
159.3
382.4

14.3
149.7
136.8
300.8

90.4
165.1
167.7
423.2

14.5
178.8
85.1
278.4

13.5
156.0
74.2
243.7

131.7
95.1
226.8

Pologne
Banq. de Pologne 2 4

a)
b)

(Zloty 25)

61,355.2 230,273.9
3,574.4
19,300.0

c)

15,324.4

65,539.3

264,898.3

Total

609.7

707,972.0 119,219,406.3
47,904.1 28,065,396.9

20.8
32.0

20,588,037.9

50.0
91.3

257.0

289.4

889,276.9 167,872,841.1

309.8

430.7

1,734.2
19.9
153.4
1,907.5

1,713.4
13.7
151.2
1,878.3

133,400.8

Portugal
Banq. de Portugal
(Escudo)

a)
b)
c)
Total

71.4
5.5
16.2
93.1

518.9
13.1
139.1
671.1

675.8
11.4
119.8
807.0

963.5
50.5
142.3
1,156.3

1,354.5
101.0
153.6
1,609.1

Roumanie
Banque Nationale
(Leu)

a)
b)
c)
Total

45.8
90.7
207.7
344.2

8,351.8
210.3
702.5
9,264.6

12,476.9
279.0
1,829.6
14,585.5

12,461.5
488.6
3,808.5
16,758.6

11,230.7
477.2
5,864.1
17,572.0

31.6
52.1

126.3
86.0

55.4
83.2

Royaume-Uni
Banq. d'Angleterre
()

a)
b)
c)

Total
Russie (U. R. S. S.)
Banque d'Etat2
(Tchervonetz)

a)
b)
c)
Total

Royaume des Serbes,

Croates et
a)
Slovenes
b)
Banque Nationale
c)
(Dinar)
Total

83.7

212.3

138.6

70.4
78.2

148.6

___

69.4
81.1

Netherlands 23 .
Netherlands Bank.
(Gulden)

25.0 Poland.
55.3
Bank of Poland
321.3

(Zloty

401.6
1,693.6 Portugal.
91.4
Bank of Portugal,
210.6
(Escudo)
1,995.6

10,948.1 10,960.5 10,932.9 Roumania.

682.5
959.2
1,127.6
National Bank.
7,573.0
8,425.4
9,162.2
(Leu)
19,203.6 20,345.1 21,222.7
88.3
103.6

83.8
103.3
-

150.5

191.9

187.1

3.4
19.1
14.1
36.6

4.7
28.7
36.3
69.7

10.8
78.4
84.7
173.9

e8
57.9
28.0
9.3
95.2

3,283.3
34.9
232.0
3,550.2

4,418.2
40.2
557.7
5,016.1

4,517.5
99.6
1,421.2
6,038.3

4,524.4
190.0
1,333.7
6,048.1

4,520.7
205.7
1,289.3
6,015.7

4,466.6
163.3
1,207.9
5,837.8

53.9 United Kingdom.

96.7
Bank of England.

(')

150.6
12.1 Russia (U.S. S. R.)
191 8
State Bank"
9
1 (Chervonetz)
203.9
Kingdom of the
4,413.6
Serbs, Croats
239.1
and Slovenes.
1,241.9
National Bank.
5,894.6
(Dinar)

Suede
Banque de Suede
(Krona)

a)
b)
C)
Total

22.9
157.3
180.2

2.4
17.0
541.2
560.6

3.7
42.9
525.0
571.6

3.2
58.2
432.6
494.0

14.1
63.1
435.8
513.0

13.1
48.0
454.8
515.9

13.0
49.6
371.2
433.8

10.8 Sweden.
94.3
Bank of Sweden.
238.8
(Krona)
343.9

Suisse
Banque Nationale
(Franc)

a)
b)
c)
Total

0.2
49.6
109.3
159.1

282.8
71.6
172.9
527.3

290.3
103.4
47.5
441.2

331.7
81.1
35.3
448.1

160.1
115.3
107.1
382.5

82.2
109.4
86.9
278.5

51.0
106.8
96.4
254.2

87.8 Switzerland.
94.2
National Bank.
97.2
(Franc)
279.2

Tch6coslovaquie

Office banc. du
Minist. des Fin.
(Koruna)

a)

29

9,522.1 2

b)
c)
Total

2,322.7
2,015.6
13,860.4

a)
b)
c)
Total

35.9
20.8

10,096.6 2 10,096.7

29

10,096.9

0 5,636.5 30 5,085.3 0 5,397.9 Czechoslovakia.

2,332.9
1,893.0
14,322.5

1,670.9
541.4
12,309.0

35.6
13.9

35.3
16.9

35.3
16.8

37.9
10.1

36.3
10.1

49.5

52.2

52.1

46.0

46.4

1,330.5
667.0
12,094.4

1,211.6
1,313.5
8,161.6

813.4
747.6
6,646.3

OCIANIE

88.1
173.0
5,659.0

Banking Office of
Ministry of Fin.
(Koruna)
OCEANIA.

Australie
Banque du Commonwealth
X()

56.7

t4

25)

35.3 Australia.
13.0
Commonwealth
Bank
48.3
(^)

151 NOTES AU TABLEAU 86.-EFFETS COMMERCIAUX, PRLTS ET AVANCES DES BANQUES CENTRALES.
NOTES TO TABLE 86.-CENTRAL BANKS' DISCOUNTS, LOANS AND ADVANCES.

* Pour details concernant la composition et la nature des Avoirs de Fonds d'Etat, des Prets et des Avances, voir Memorandum
sur les Banques Centrales, 1913, 1918-1923, et Memorandum sur les Monnaies et les Banques Centrales, 1913-1924.

Situation a fin novembre 1926.

Les details complets concernant la dette du Gouvernement envers la Banque n'etant pas connus, la repartition entre a) et c) de
certains postes des bilans est en grande partie approximative, tout specialement pour les annees 1925 et 1926.
3 Y compris une faible quantite d'autres valeurs non indiqu6es s6parement.
4 Situation a fin mars de l'ann6e suivante.
Situation au 19 mars 1927.
6 A partir de 1923, marks-or.
7 Compris dans le groupe a).
8 Jusqu'a fin 1922: Service autrichien (Geschaftsfiihrung) de la Banque d'Autriche-Hongrie.
9 Jusqu'a fin 1922, kronen.
9 Y compris certaines avances au Tr6sor, qui ne sont indiqu6es separement que depuis le commencement de mai 1926.
a) 422,2 millions
b) 36,6
" La situation en belgas 6tait:
2

( c) 492,3

Total 951,1 millions

12 Balance nette, deduction faite du fonds d'amortissement de la dette d'Etat envers la Banque.
13 Situation a fin juillet de l'annee suivante.
14 Situation au 31 mars 1927.
1" Pour la plus grande partie, billets du Tresor, retires de la circulation.
16 Jusqu'a fin juillet 1921 : Service hongrois de la Banque d'Autriche-Hongrie; jusqu'a fin1923: Office national d'emission.
1 En 1924, 1925 et 1926, pengo.
a) 132,0 millions
b) 18 Les chiffres exprimes en korona-or sont:
c) 132,1
,
Total 264,1 millions.
19 En 1926, Banque d'Italie seulement.
20 Situation au 1 e decembre 1926.
21 Non donn6s s6par6ment.
22 Y compris les effets commerciaux sur l'etranger et les valeurs et placements autres que les fonds d'Etat.
23 Situation a fin mars de l'annee suivante.
24 Jusqu'i fin 1923, Caisse nationale polonaise de Prets.
25Jusqu'i fin 1923, marks polonais
16 Situation au 1e' octobre 1926.
27 Les chiffres donn6s sous a) sont indiqu6s dans les bilans de la Banque comme a Fonds et Placements), quoique sans aucune determination de leur nature. Les Prets i long terme accord6s a l'industrie et a l'agriculture sur les e Fonds sp6ciaux fournis par le
Commissariat des Finances, ne sont pas compris dans ce tableau.
28 Situation a fin juin 1914.
29 Montant brut de la dette de l'Etat,
30 Montant net de la dette-billets de l'Etat.

* For details regarding the composition and the nature of the Securities holdings, Loans and Advances, see Memorandum on
Central Banks, 1913, 1918-23 and Memorandum on Currency and Central Banks, 1913-24.
1

Position at the end of November 1926.

(a) and (c) of certain

items of the balance-sheet is largely approximate, more especially for the years 1925 and 1926.
separated.
securities
not
of
other
small
amount
Including
4 Position at the end of March of the following year.
5 Position on March 19th, 1927.
6 Since 1923, gold mark.
7 Included in the group (a).
of the Austro-Hungarian Bank.
8 Up to the end of 1922, Austrian Section (Geschaftsfuhrung)
* Up to the end of 1922, kronen.
0 Includes certain advances to the Treasury shown separately from beginning of May 1926.
(a) 422.2 millions
"The position in belgas was {(b) 36.6
(c) 492.3 ,
Total 951.1 millions.
' Net balance after deduction of the sinking fund for the State debt to the Bank.
13 Position at the end of July of the following year.
14 Position on March 31st, 1927.
x5Mainly Treasury notes withheld from circulation.
16 Up to the end of July 1921, Hungarian Section of Austro-Hungarian Bank; up to the end of 1923, National Office of Note Issue.
17 In 1924, 1925 and 1926, pengo.
(a) 132.0 millions
2 The full details of the Government indebtedness to the Bank not being known, the distribution between

18

Figures in gold korona were

(b)
(c) 132.1

Total 264.1 millions.

19 In 1926, Bank of Italy only.
20 Position on December 1st, 1926.
"1Not shown separately.
22 Includes foreign commercial bills, securities and investments other than Government.
23 Position at the end of March of the following year.
Up to the end of 1923, National Loan Bank.
2" Up to the end of 1923, Polish mark.
24

Position on October 1st, 1926.

The figures given under (a) are shown in the balance-sheets of the Bank as " Securities ", though without any qualification of
their nature; the long-term loans to industry and agriculture from special funds supplied by the Finance Commissariat are not
included in the table.
28 Position at the end of June 1914.
29 Gross indebtedness of the State.
30 Uncovered net balance of the State note debt.
26
27

152 -

Tableau 87. DEPOTS DANS LES BANQUES COMMERCIALES A LA FIN DE 1913, 1920-1925.
(En millions.)
Pour explications et renvois, voir p. 160.
AUnit

Etalon monBtaire
of currency
Unit of currency

Description

1913

1920

1921

AFRIQUE.

Afrique du

Sud, Union

Banques cornmerciales .

de l'

Gouvernement

4.9

Comptes courants.

36.1

30.5
33.4
69.9

Epargne

. . ..

3.2

2.4

2.8

D6epts fixes
. .
Total
. . .

34.3

34.5
77.9

Dep6ts:
Gouvernement.
Autres: a vue.
a terme
Corresp. 6trangers

32
381
625
21

139
657
1,293
33

150
541
1,241
39

1,059

2,122

1,971

50
55
5,955
2,121

176
10,651
3,402
2,844

249
9,046
3,660
2,151

8,126

17,073

15,106

AMERIQUE.

Canada

$Chartered
Banks

Total

Etats-Unis 2

..

Banques
Nationales

Dep6ts:
Gouvernement 3
Autres: a vue 4
h terme
Correspondants .

Toutes les
autres
Banques

DepOts:
Gouvernement 3
Autres: a vue 4
a terme
6pargne
non classifies
Correspondants .

Total

. . .

Total

Toutes les
Banques

5,377

. . .

141

6,147
464

7,091
1,567
7,493
7,527
864

8,742
1,317
10,184
2,442
658

11,988

24,542

23,484

20,114

41,615

38,590

Total de tons les

dp6ts

. . ...

Mexique

Peso

Banques G

Comptes courants
et dpts
. . .

Argentine

Peso
papel

Banque de la
Nation

Comptes courants
Depots a terme .
Dep6ts d'epargne

188
42
215

399
101
592

312
89
636

Total
. . .
Comptes courants
et dip6ts . . .

445

1,092

1,037

Autres
Banques

922

2,118

2,065

3 Banques

Comptes courants

11.7

20.0

25.7

Dep. h terme et
d'6pargne
. .
Total
. . .

7.8
19.5

17.8
37.8

22.1
47.8

Comptes courants
Dep6ts h terme .

475
253

1,343
877

728

2,220

3,348

149

Bolivie

Bresil

Boliviano

Milreis

Banques 7

Total
Chili

Peso

28 Banques

Depots:

papel

commerciales

. or ...

..

. . ...

Equateur

Sucre

6 Banques

Perou

Peso

Libra

6 Banques

Banques de
dep6ts et
d'escompte

2,100
1,248

61

204

vue

222

529

559

189

359

398

. . .

411

888

957

3.7

12.1

11.1

2.5
6.2

5.9
18.0

6.3
17.4

30.9

0.3
55.7

0.2
39.9

4.08
8.09

8.48
7.17
15.65

7.77
5.98
13.75

Comptes courants
Dep6ts a terme .
Total
. . .

Guat6mala

a terme

papier: a
Total

C. cts et d6p6ts:
or
.....
papier
.

C. cts et d6p6ts:
h vue .. . .4.01
a terme . .
.
Total
. . .

- 153
Table 87. COMMERCIAL BANKS DEPOSITS AT THE END OF 1913, 1920-1925. (000,000's omitted.)
For explanations and footnotes, see p. 160.
1922

1923

1924

1925

Description

COUNTRY

AFRICA.

3.1
2.8
29.9
29.0
64.8

3.0
2.7
32.0
23.4
61.1

2.0
2.9
30.9
22.3
58.1

3.2
3.1
33.3
20.5
60.1

Government.
Savings.
Current accounts.
Fixed deposits.
Total.

Deposits:
Government.
Other: Sight.
Time.
Foreign corresp.
Total.

Chartered
Banks.

Canada.

National
Banks.

United
States

Joint-Stock
Banks'.

Union of
South
Africa.

AMERICA.

79
538
1,184
39
1,840

113
560
1,180
34
1,887

86
595
1,238
35
1,954

59
597
1,319
40
2,015

103
9,603
4,079
2,502
16,287

192
9,542
4,710
2,409
16,853

123
10,144
5,195
2,821
18,283

108
10,990
5,857
2,887
19,842

26
6,273
1,337
10,191
6,220
742
24,789

46
6,371
1,704
11,622
6,394
1,201
27,338

29
6,846
1,472
12,448
7,439
1,107
29,341

39
7,707
1,469
13,542
7,822
1,484
32,063

41,076

44,191

47,624

51,905

Deposits:
Government 3.
Other: Demand 4
Time -.
Correspondents.
Total.
Deposits:
Government 3.
Other: Demand 4
Time.
Savings.
Not classified
Correspondents.
Total.
Total of all deposits.

73.9

106.3

123.6

102.5

Current and dep.

accounts.

424
110
760
1,294

412
89
779
1,280

335
98
700
1,133
_2,082

422
109
698
1,229
2I,082o~~~
7 1,940

7~o

1,921

1,942

35.3

28.3

21.8
57.1

20.8
49.1

2,736
1,405
4,141

2,932
1,891
4,823

2,983
2,772
5,755

2,728
1,498
4,226

113
540
470
1,010

124
496
520
1,016

105
530
465
995

12.2
7.6

11.6
7.7

19.8

19.3

0.4
64.8

l~0 l~4
0.3
64.9

7.54

7.91

5.85

13.39

lo.8

6.23

14.14

28.6
IQ~~~

Current accounts.
ITime and Savings
deposits.
Total.

All other
Banks.

All Banks.

Banks

Bank of the
Nation.

Mexico.
Argentine.

Other Banks.

3 Banks.

Bolivia.

Current accounts.
Time deposits.
Total.

Banks .

Brazil.

97
636
400
1,036

Deposits:
Gold.
Paper: Sight.
Time.
Total

28 Commercial
Banks.

Chile.

11.5
6.9

13.1
6.9

Current accounts.
Time deposits.

6 Banks.

Ecuador.

18.4

20.0

-i
1.0
63.4

1.2
63.1

6 Banks.

Guatemala.

22.1
50.7

nj

30.2

Current accounts.
Time deposits.
Savings deposits.
Total.
Current and deposit accounts.

i<~

22.3
52.5

16.53

''Curr.
and dep. accts.
Gold.
Paper.

Curr. and dep. accts

Demand.

9.32
7.21

Total.

Time.

18.00

Total.

Deposit and
Discount
Banks.

Peru.

154 (En millions.)

Tableau 87 (suite). DeIpots dans les banques commereiales i la fin de 1913,1920-1925.

Pour explications et renvois, voir p. 160.
1913

Description

PAYS
Etalonmontaire

1920

1921

Unit of currency

Salvador

Colon

3 Banques

Comptes courants
et correspond.
Depots
.
.
Total
. .

4.1
2.2
6.3

3.,
0.4
4.2

7.2
0.7
7.9

Uruguay 8

Peso

Banque de la
R1publique

Comptes courants
et d6p6ts privs :
a vue . . ..
h terme.
. ..
6pargne . . .
Total
.. .

5.3
1.4

22.0
1.6

15.5
2.8

1.0
7.7

13.4
37.0

17.2
35.5

a vue . . ..
a terme . .. .
Total . . .

12.5

29.7

32.1

17.5

35.8

43.0

30.0

65.5

75.1

Total g6enral .

37.7

102.5

110.6

Autres
Banques

Toutes les Banques

Venezuela

Bolivar

C. cts et de6pts:
Gouvernement

4 Banques

6.5

72.4

35.5

. . . .

9.7

15.3

13.1

.. .
. . .

0.7
16.9

1.1
88.8

1.3
49.9

Dep6ts prives . .
Comptes courants
et depots . . .
Comptes courants
et d6epts . . .
Total
...

365

780

649

293

748

752

258
916

735
2,263

802
2,203

17

121
110
8
247

415
277
65
774

340
268
75
690

Autres

Epargne
Total
ASIE.
Inde

Japon

Roupie

Yen

Banque Imp.
( Exchange
Banks ,
Banques
commerciales

3 aBanques
speciales

Comptes courants
et depots :
Publics . .8

Banques ordinaires et

Autres: a vue
/ terme
autres
Total
. . .
Comptes courants
et ddpOts:

21

123

168

710
739
133

2,997
3,149
836

3,375
3,402
867

1,603

7,105

7,812

6 Banques
commerce"
(a Grossbanken s)

D6p6ts h vue . .
D6p6ts a preavis:
moins de 3 mois
plus de 3 mois .
Corr. dans le pays
Total . . .

2,485

42,974

78,126

1,305
583
479
4,852

8,458
4,617
4,165
60,214

15,259
7,898
9,991
111,274

Toutes les
Banques

Depots a vue . .

2,759

8,870

9,242

19

468

521

25
59
84

165
265
430

329
306
635

86

865

1,204

Caisses d'&-

Publics . ..

pargne

Autres: a vue
a terme
autres
Total

..

EUROPE.

Mark
Allemagne

Dep6ts a preavis:
moins de 3 mois
plus de 3 mois
Corr. dans le pays

Total
Belgique

Bulgarie

Franc

Lev

Banques
commerciales

Comptes courants
et dep6ts . . .

Banque
Nationale
Autres Banques d'Etat

Comptes courants
.
prives ....
Comptes courants
et dep6ts:
a vue. ..
..
a terme .... .
Total
. . .
Comptes courants
et dep6ts . . .

Banques
commerciales

__

. ..

-155

Table 87 (cont.). Commercial Banks Deposits at the End of 1913, 1920-1925. (000,000's omitted.)
For explanations and footnotes, see p. 160.
1922

1923

1924

1925

Description

COUOTRY

Salvador.

8.0
0.2
8.2

9.8
0.6
10.4

8.8
1.3
10.1

Current accounts
and correspond.
Deposits.
Total.

3 Banks.

8.9
0.2
9.1

12.8
2.3
24.6
39.7

10.6
2.0
25.6
38.2

Private current
and dep. accounts
Sight.
Time.
Savings.
Total.

Uruguay'

14.5
2.6
22.6
39.7

Bank of the
Republic.

16.1
1.9
20.7
38.7
28.2
38.5
66.7

33.2
31.0
64.2

26.2
25.4
51.6

25.4
25.3
50.7

Sight.
Time.
Total.

105.4

103.9

91.3

88.9

Grand Total.

All Banks.

41.9
13.4
1.4
56.7

51.9
13.1
1.8
66.8

64.2
15.0
2.0
81.2

77.5
14.7
2.7
94.9

Curr.and dep. acc.

Government.
Other.
Savings.
Total.

4 Banks.

570

742

767

778

684

706

705

650
1,954

562
1,988

552
2,025

579
2,062

Imperial
Bank".
Exchange
Banks.
Joint-Stock
Banks.

British
India.

734

Private deposits.
Current and deposit accounts.
Current and deposit accounts.
Total.

-13
435
381

0o399
343

Current and deposit accounts :

Public.
Other: Demand.
Time.

Japan.

10
407
323

3 " Special
Banks ".

10
394
264
3

671

744

Other Banks.

Venezuela.

AsIA.

174
3,324
3,511
894
7,903

140
3,339
3,633
758
7,870

1o

lo

10

816

755

134
3,269
4,042
731
8,176

160
3,318
4,625
732
8,835

11

11

1,329,133

1,480

1,838

69,694
30,295
161,509
1,590,631

1,235
73
784
1 3,572

1,645
117
930
1" 4,530

1,063

______________

I1

11

1,970

2,309

1,556
102
944

2,042
193
1,128

1L 4,572

" 5,672

10,082

11,090

11,555

15,253

626

1,093

850

993

617
315
932

1,017
343
1,360

1,433
412
1,845

1,610
487
2,097

1,130

1,832

1,655

2,035

Other.

Total.
Current and deposit accounts:
Public.
Other: Demand.
Time.
Other.
Total.

Ordinary
Banks and
Savings
Banks.

EUROPE.

Sight deposits.
Deposits at notice:
less than 3 months
more than 3 mths
Corresp. at home.
Total.

6 Commer- 1'
cial Banks
(" Grossbanken ").

Sight deposits.
Deposits at notice
less than 3 mths.
more than 3 mths.
Corresp. at home.

All Banks.

Germany.

Total.

Current and deposit accounts.

Commercial
Banks.

Belgium.

Private current
accounts.
Current and deposit accounts:
Sight.
Time.
Total.
Current and deposit accounts.

National Bank

Bulgaria.

Other State
Banks.

Commercial
Banks.

156

Tableau 87 (suite). Depots dans les banques commerciales a la fin de 1913, 1920-1925. (En millions.)
Pour explications et renvois, voir p. 160.
Etalon monetaire
PAaYS

Danemark

Espagne

Estonie

Krone

Peseta

E.
Mark

Banques
commerciales

D6p6ts

906

Comptes courants
Depots et &pargne
. .
Total

Banques
commerciales

4,267
2,531

___692

3,223

vue 14
Depots
priv6s
L terme
Total
. . .

Banque
d'Estonie
Banques
commerciales

. . .

1921

1920

1913

Etalon monetaire |Description

Unit of currency

3,760

13

2,575
732
3,307
261
50
311

____________

Depots: h vue
a terme

autres
Total
. . .
.
Correspondants
Total gineral .
Finlande

Markka

Banques
commerciales

608
____558

1,166

Comptes courants
Corr. etrangers .

37
16

605
796

562
995

. .

575

2,453

2,548

44

272
4,126

296
4,401

Comptes courants
D
ts fixess
. ..
Total

4,624
1,333
5,957

17,030
628
17,658

16,532
605
17,137

Comptes courants
et correspond.

59.4

150.4

138.5

45.1
80.7
30.9
216.1

357.5
130.9
79.4
718.2

434.4
189.5
107.3
869.7

Dep6ts fixes

Dep6ts d'6pargne
. ..672
Total
France

Grece

Franc

Drachma

6 Banques
((B. de dep6tsts

3 Banques
commerc.

D6p6ts:
it vue

. .
h terme. .
d'&pargne .
Total
.

1 Banque "

Hongrie

Korona

Banques
commerce

Italie

Lira

3 Banques

..

. .
. .
. .

Comptes courants
et d6p6ts . . .

21.4

110.6

193.6

4 Banques: Total

237.5

828.8

1,063.1

Comptes courants
et

. .

d6p6ts

Corrrepondants

Total

Lettonie

Lithuanie

Norvege

Lat 21
(L. Rble)

Litas

Krone

Banques
commerciales

Banques
commerciales

Banques
commerciales

2,437

1,453

12,682

247

3,571

(3,642)

115

939

(900)

362

4,510

(4,542)

1,015

. . .

Dep6ts ....
. . .

Comptes courants
et d6p6ts .
.
Correspondants .
Total
. . .

Comptes courants
Cr6diteurs .
..
Corresp. etrangers

6 Banques
commerc.2

(13,887)

3,229

(3,337)

1,715

16,047

(17,224)

106
44
150

119
158
277

___________

_____.________

13

66

728

595

23

193

200

531

2,812

2,708

. . .

620

3,733

3,503

Comptes courants
D6p6ts . . . . .
Total
. . .

143

931

648

89

322

246

232

1,253

894

Total
Gulden

12,818

700

Comptes courants
D 6pts
...
..
Correspondants
Total
. ..

D6p6ts .....

Pays-Bas

10,245

.. .

Correspondants
Total

9,247

2,290

D6p6ts ....
Total

24,026

11,537

Correspondants
Total

868

15,646

585

Dep6ts .....
1 Banque 20

820
2,277
3,097

-157
Table 87 (cont.). Commercial Banks Deposits at the End of 1913, 1920-1925. (000,000's omitted.)
For explanations and footnotes, see p. 160.
1922

1923

1924

1925

Description

COUNTRY

Commercial
Banks.

Denmark.

Current accounts.
Deposits and Savings
Total.

Commercial
Banks.

Spain.

Private i Sight
deposits
Time.
Total.

Bank of
Estonia.

Estonia.

3,336

3,260

2,965

2,741

Deposits.

2,688
977
3,665

2,729
1,126
3,855

2,746
1,126
3,872

2,562
1,110
3,672

595
92
687

744
138
882

350
118
468

701
188
889

1,383

(1,135)

1,428

206

(256)

356

(1,433)
(507)
(1,940)

114
1,898
852
2,750

Total.
Correspondents.
Grand Total.

Deposits:

14

Sight.

Commercial

Time.

Banks

15

1,550
1,730
3,280

83"(42)
1,672
2,590
4,262

615
972
2,780
334
4,701

606
810
3,056
394
4,866

643
451
3,273
423
4,790

625
335
3,684
484
5,128

Current accounts.
Foreign corresp.
Fixed deposits.
Savings deposits.
Total.

17,759
548
18,307

19,168
618
19,786

18,893
678
19,571

25,328
718
26,046

Current accounts.
Fixed deposits.
Total.

6 Banks.
(" B. de d6epts ").

France.

227.7

348.6

366.9

378.6

3 Commercial
Banks 1.

Greece.

451.5
148.8
106.0
934.0

640.8
223.4
158.1
1,370.9

817.8
310.9
203.8
1,699.4

911.0
328.1
277.4
1,895.1

165.2
1,099.2

274.9
1,645.8

349.1
2,048.5

323.0
2,218.1

Current accounts
and correspond.
Deposits:
Sight.
Time.
Savings.
Total.
Current and deposit accounts.
Total for 4 Banks.

43,277

55,259

3,316,910

7,081,472

Current and deposit accounts.

Commercial
Banks 1.

Hungary.

10,315
2,152
12,467

9,251
2,234
11,485

10,698
2,491
13,189

11,005
2,341
13,346

Correspondents.
Deposits.
Total.

3 Banks 1.

Italy.

(1,120)
(107)

(1,400)
(127)

Correspondents.
Deposits.

1 Bank 20.

(1,227)

(1,527)

Total.

(11,818)
(2,598)
(14,416)

(12,405)
(2,468)
(14,873)

Correspondents.
Deposits.
Total.

(551)
__(81)
(632)

Other.

Commercial
Banks.

Finland.

1 Bank 1.

10,315
2,152
12,467

(9,802)
(2,315)
(12,117)

313
429
742

16.0
19.9
35.9

28.1
34.8

26.0
28.9

sit accounts.
Correspondents.

2 62.9

54.9

Total.

5.1
0.4
13.0
18.5

14.3
2.3
18.5
35.1

22.8
18.7
19.4
60.9

18.8
23.8
17.9
60.5

Current accounts.
Deposits.
Correspondents.
Total.

Commercial
Banks.

Lithuania.

484

477

459

179
2,074
2,730

162
1,967
2,588

138
227
217
1,794
2,376

Current accounts
Creditors.
Foreign corresp.
Deposits.
Total.

Commercial
Banks.

Norway.

174
2,431
3,089
498
230
728

464
232
696
_

442
201
643

6 Commercial
Banks 2

Netherlands.

21

21

21

21

Current and depo-

495
Current accounts.
266
Deposits.
761
Total.
_~~~~~~~~~~~~~~~~~~

Total.

Commercial

Banks.

Latvia.

158
Tableau 87 (fin). Depots dans les banques eommerciales a la fin de 1913, 1920-1925. (En millions.)
Pour explications et renvois, voir p. 160.
rAYS

Pologne

Etalon mon6taire
Description

Unit of currency

Zloty 23

16 Banques2 4
commerc.

(Mar-

ka p.)
Portugal

Escudo

5 Banques

ques

Royaume des
Serbes,

h
a

vue ..
terme . . .

. .

a vue . . ..
a terme . . .
non specifies .
. . .
Total

Toutes les
Banques

. . .
Total
Total des d6p6ts

Banques:
Ancien Roy.

Dep6ts et comptes
courants
Total

Banques
commer-ciales

Depots

Dinar

Banques
commerciales

Comptes courants
Correspondants .

270

..
. .

Croates et
Slovenes.

11.5
2.4
13.9

91.6
51.9
1.1
144.6

134.3
95.8
1.7
231.8

58.0
17.5
10.8

95.0
27.8
21.2

86.3
230.9

144.0
375.8

Depots:
a vue . . . .
a terme . ..
non sp6cifies .

Autres Prov.

RoyaumeUni 5

1921

D6epts:

Autres Ban-

Leu

1920

D6p6ts:
Total

commerciales

Roumanie

1913

..

1,070.7

3,467

5,047

1,353
4,820

2,081
7,128

2,549.3

2,576.5

301
3,429

1,255
2,590

Dep6ts d'6pargne
Total
. . .

731
4,461

1,508
5,353

Su6de

Krona

Banques
commerciales

Comptes courants
Corresp. etrangers
Depats a terme .
Depots d'epargne
Total . . .

228
42
1,115
349
1,734

1,281
142
2,854
960
5,237

1,115
99
2,828
911
4,953

Suisse

Franc

Banques
commerciales

Comptes courants
et correspond..
Obligations . . .
Autres depots . .
Depots d'epargne
Total
. . .

1,344
2,291
310
779
4,724

3,698
2,760
448
1,460
8,366

3,338
2,761
410
1,538
8,047

Banques
commerciales

Comptes courants
Correspondants .
Depots h terme et

8,361
5,350

10,455
6,463

2,216
15,927

3,997
20,915

Tchecoslovaquie

Koruna

d'epargne
. .
Total
. . .

OCtANIE.

Australie

Commonwealth B.

26

Comptes courants
officiels et priv.:
sans interets .

1.2

14.2

15.4

0.3
1.5

11.3
25.5

9.8
25.2

Comptes courants:
sans int6erts .

62.8

108.7

100.4

int6erts .. .
. . .
Total

83.7
146.5

107.1
215.8

109.4
209.8

Depots et comptes
courants:
Gouvernement.
Autres Javue
A terme

2.1
12.3
10.5

5.1
33.0
16.5

2.4
24.4
16.5

Total

24.9

54.6

43.3

a interets .
Total
..

Banques
commerc. 26

NouvelleZelande

6 Banques
commerc. 26

..
.

159

Table 87 (cont.). Commercial Banks Deposits at the End of 1913, 1920-1925. (000,000's omitted.)
For explanations and footnotes, see p. 160.
1922

1923

1924

1925

68,094
11,506
i3 79,600

6,349,000
325,000
6,674,000

55.0
16.6
71.6

37.3
30.8
68.1

172.2
137.2
0.1
309.5

164.8
159.9
0.4
325.1

252.5
135.8
0.9
389.2

268.0
132.8
0.4
401.2

145.2
45.9
40.7
231.8
541.3

155.3
68.5
24.8
248.6
573.7

171.1
70.9
48.9
290.9
680.1

177.7
106.5
20.8
305.0
706.2

6,223
3,478
9,701

5,476
3,947
9,423

6,200
5,526
11,726

9,982
8,678
18,660

2,406.7

2,353.7

2,338.9

2,321.0

1,510
3,416
2,036
6,962

1,504
3,882
2,078
7,464

1,714
4,061
2,938
8,713

1,062
101
2,447
816
4,426

979
105
2,125
765
3,974

872
152
2,016
787
3,827

3,094
2,682
389
1,677
7,842

3,155
2,590
393
1,810
7,948

11,581
6,086
5,580
23,247

3
3

Description

COUNTRY

Deposits:
Sight.
Time.
Total.

16 Commercial Banks24

Poland.

Deposits:
Sight.
Time.
Not specified.
Total.
Deposits:
Sight.
Time.
Not specified.
Total.
Total deposits.

5 Commercial
Banks.

Portugal.

Other Commercial Banks.

All Banks.
Banks:
Old Kingdom
Other Prov.

Roumania.

Commercial
Banks.

United
Kingdom

Current accounts.
Correspondents.
Savings deposits.
Total.

Joint-Stock
Banks.

Kingdom
of the
Serb Cr
and Slov.

700
120
2,014
780
3,614

Current accounts.
Foreign corresp.
Deposit accounts.
Savings deposits.
Total.

Commercial
Banks.

Sweden.

3,367
2,870
451
1,821
8,509

3,421
3,127
526
1,920
8,994

Current accounts
and correspond.
Obligations.
Other deposits.
Savings deposits.
Total.

Commercial
Banks.

Switzerland.

10,214
6,101

9,001
5,694

8,656
5,778

Joint-Stock
Banks.

Czechoslovakia.

5,727
22,042

6,558
21,253

6,815
21,249

Current accounts.
Correspondents.
Time and Savings
deposits.
Total.

Offic. and private

current accounts :
Not bearing inter.
Bearing interest.
Total.
Current accounts:

Commonwealth B. 26

Joint-Stock
Banks

Deposits and current accounts.

Total.

Deposits.

OCEANIA.

18.8
8.8
27.6

20.9
11.6
32.5

21.1
6.0
27.1

27.2
6.3
33.5

101.2

102.3

120.5
221.7

101.9

129.4
231.7

107.0

132.8
234.7

Not bearing inter.

140.2
247.2

Bearing interest.
Total.

3.3
23.5

3.6
24.3

17.6

2.2
24.8

18.5

3.7
25.2

44.4

46.4

Deposit and cur-

919.9

46.9

rent accounts:

Government.
Other
Sight.

20.8

49.7

Time.

Total.

Australia.

26

6 Commercial
Banks

New
.

Zealand

25

- 160

NOTES AU TABLEAU

87. -

DtPOTS DANS LES BANQUES COMMERCIALES A LA FIN DE 1913, 1920-1925.

NOTES TO TABLE 87 .-

COMMERCIAL BANKS DEPOSITS AT THE END OF 1913, 1920 -1925.

SOURCE: Memorandum sur les monnaies et les Banques Centrales.

SOURCE: Memorandum on Currency and Central Banks.
1

Depots dans l'Union seulement.

30 Juin.
3 Non compris les depots pour le compte des Caisses postales d'epargne.
2

4 Y compris les cheques certifies, les cheques de caisse et les dividendes dus.
6 y compris les dep6ts d'epargne.
6Banques commerciales et anciennes banques d'emission.
7 Y compris la Banque du Bresil.
8 Banque de la Republique: fin d6cembre; autres banques: moyenne de decembre.
J9usqu'h fin 1920: trois Presidency Banks ),.
autres ))d6p6ts sont compris dans les dep6ts a vue.
n
1o Les
n Fin f6vrier de l'annee suivante.
ou Reichsmarks.
12 Depuis 1923: millions de Renten 13 Fin janvier de l'annee suivante.
d'Etat.
14 Jusqu'h fin 1923 y compris les comptes courants de certaines Institutions
15 Les chiffres pour 1924 ne sont pas comparables avec les autres annees, vu le manque de donnees pour une banque en r6organisation.
a Banque d'Athenes, Banque Populaire, Banque d'Orient.
Banque Commerciale.
18 Association d'Institutions de Credit.
17

1D

Banca Commerciale Italiana, Credito Italiano, Banco di Roma.

20 Jusqu'a fin 1921: Banca di Sconto; depuis 1923: Banca Nazionale di Credito.

Jusqu'a fin 1922 en millions de roubles ; depuis 1923 en millions de lats (50 roubles = 1 lat).
Amsterdamsche Bank, Nederlandsche Handel-Maatschappij,Rotterdamsche Bankvereeniging, Twentsche Bank, Incasso
Bank, Bank-Associatie.
23 Jusqu'h fin 1923 en millions de marks.
24 Banques les plus importantes. Les chiffres pour 1925 se referent i 14 banques, 2 banques se trouvant en liquidation.
25 y compris l'Etat libre d'Irlande.
2 Moyenne du dernier trimestre de chaque ann6e.
21

22

Deposits in the Union only.

2 June 30th.

3 Excluding deposits on behalf of the Post Office Savings Banks.

4 Including certified and cashiers' checks and dividends unpaid.
6 Including Savings deposits.
6 Commercial Banks and former Issue Banks.
7 Including Bank of Brazil.
8 Bank of the Republic: end of December; other banks: December average.
9 Up to the end of 1920: three Presidency Banks.
10 "'Other " deposits included under demand deposits.
1 End of February of the following year.
or Reichsmarks.
12 Since 1923 : millions of Renten 13 End of January of the following year.
14 Up to the end of 1923, including current accounts of certain State Institutions.
reorganisation
11 The figures for 1924 are not comparable with those for the other years, the data for one bank undergoing
not being available.
Bank.
Oriental
and
Bank
Popular
16 Bank of Athens;
17

Commercial Bank.

Association of financial institutions.

Banca Commerciale Italiana; Credito Italiano; Banca di Roma.
di Credito.
20 Up to the end of 1921 : Banca di Sconto; since 1923: Banca Nazionale
(50 roubles = 1 lat).
21 Up to the end of 1922 in millions of roubles; since 1923 in millions of lats
Bank; Nederlandsche Handel-Maatschappij; Rotterdamsche Bankvereeniging;
22 Amsterdamsche
Incasso Bank; Bank-Associatie.
23 Up to the end of 1923 in millions of marks.
The data for 1925 refer to 14 banks, two banks being in liquidation.
24 Biggest banks.
2
Including Irish Free State.
26 Average of the last quarter of year.
18
19

Twentsche Bank;

-161

Tableau 88. DEPOTS ET CERTIFICATS D'fPARGNE A LA FIN DES ANNIES 1913, 1920-1925.
(En millions)
Table 88. SAVINGS: DEPOSITS AND CERTIFICATES AT THE END OF YEARS 1913, 1920-1925.
(000,000's omitted)

Unite
mon6taire
PAYS

Unit of
currency

1913

Description

1925

1924

1923

1922

1921

1920

COUNTRY

Description

AFRICA.

AFRIQUE.

Afrique du
Sud,
Union de '

Banques . . .
Caisses postales
.
.
Total

6.7

Certificats
d'Emprunts 3
.

Egypte

2.4
6.8
9.2

2.8
6.7
9.5

2.8
6.5
9.3

2.7
6.1
8.8

2.1

2.1

2.5

4.2

2.9
6.1
9.0
4

Union of
South

3.1 Banksl
6.2 P.O. Savings
Totalfrica.
9.3
Union Loan
Certificates 3

4.3

E.

Banques et Caisses postales .

1.1

2.1

2.2

2.4

2.6

2.9

2.9

Caisses d'Ep. .
Certif. d'Ep. de

94

95

92

89

94

98

98

7.26

0.85

0.06

0.04

0.02

0.53

3.34

4.08

1.61

0.64

2.58

2.10

1.75

0.63

0.17

Banks and P.O.

Savings

AMERICA

AMERIQUE.

Canada . .

guerre

Certif. d'6p. du
.
Dominion
d'6p.
Timbres
.
de guerre

Argentine .

Br6sil . . .
. ..

Perou . . .
Uruguay.

Venezuela .

Savings Banks 5 Canada.

War Savings
Certificates

Dominion Sav.
Certificates 6
War Savings
Stamps
United
States '.

13,542 Banks
132 P.O. Savings
Total
13,674

Banques . . .
Caisses postales
. .
Total

6,147
34

7,493
157

10,184
152

10,191
138

11,622
132

12,448
133

6,181

7,650

10,336

10,329

11,754

12,581

B. de la Nation
Caisses postales
. .
Total

215
215

592
26
618

636
31
667

700
40
740

698
53
751

760
63
823

Caisses f6d6rales

211

321

339

395

7 422

$ papel Caisses d'ep.

93

253

287

334

372

442

428

Savings Banks

Chile.

Libra

Caisses d'6p.

0.31

0.65

0.70

0.81

0.94

1.28

1.55

Savings Banks

Peru.

Peso

B. de la R1publ.
Caisse Nationale
.
Total

1.0
1.9

13.4
3.6

17.2
3.8

20.7
4.1

22.6
3.9

24.6
3.9

Uruguay.
25.6 B. of the Rep.
3.8 National Sav. B.

2.9

17.0

21.0

24.8

26.5

28.5

29.4

0.7

1.1

1.3

1.4

1.8

2.0

2.7

Etats-Unis

Chili

Peso
papel

Milreis

Bolivar

4 Banques

..

779
67
846

B. of the Nation Argentine.

P.O. Savings
Total
Federal Sav. B. Brazil.

Total
Venezuela.

4 Banks

ASIA.

ASIE.
Inde

. . .

Rupee

Caisses Post. 6.
Bons de Caisse

232

post., 5 ans.
Japon

Egypt.

. .Yen

Caisses d'6p.

364

P.O. Savings
P.O. 5 years

229

223

232

248

257

48

43

31

84

131

210

1,393

1,472

1,526

1,773

1,848

1,919

India.

Cash Certif.
Savings Banks

Japan.

11

162
Tableau 88 (suite). Depots et Certificats d'Epargne a la fin des annees 1913, 1920-1925. (En millions)
Table 88 (continued). Savings: Deposits and Certificates at the end of years 1913, 1920-1925.
(000,000's omitted)
UnitS6
mon6taire
U

PAYS

Description

1913

1920

1921

1922

1923

1924

1925

Description

cosUTRY

currency

EUROPE.

EUROPE.

Autriche

Krone,
Schilling 8

9 Banques . .
Caisses d'p. .
Total
..

635
3,163
3,798

3,570
6,902
10,472

3,928
11,011
14,939

55,954
121,079
177,033

Belgique

Franc

Caisse g6nerale

1,123

1,535

1,743

1,871

1,971

Bulgarie

Lev

Caisses Postales

66

284

278

274

Krone,

Caisses d'ep. 3.

858

1,517

1,620

Danemark

270,485
851,791
802,800 2,560,616
1,073,285 3,412,407

185
8 528
s 713

9 Banks
Savings Banks
Total

2,235

2,571

General Sav. B. Belgium.

252

261

267

1,785

1,823

1,851

Austria.

P.O. Savings

Bulgaria.

1,835

Savings Banks3

Denmark 6.

Espagne

Peseta

Caisses d'ep.

344

772

912

1,042

1,134

1,243

1,359

Savings Banks

Spain.

Finlande.

Markka

Banques . . .
Caisses d'ep. .
Total
. .

44
310
354

272
1,057
1,329

296
1,260
1,556

334
1,456
1,790

394
1,603
1,997

423
1,942
2,365

484
2,091
2,575

Banks
Savings Banks
Total

Finland.

. .

Franc

Caisses d'ep.

5,811

8,149

9,581

10,749

11,450

11,883

13,634

Savings Banks

France.

Grece . . .

Drachma

3 Banques ..
Caisses postales
Total ..

30.9
0.6
31.5

79.4
5.6
85.0

107.3
10.0
117.3

106.0
15.7
121.7

158.1
33.3
191.4

203.8
60.2
264.0

277.4
96.4
373.8

3 Banks
P.O. Savings
Total

Greece.

Hongrie.

Korona Caisses postales

1,109

1,477

1,687

2,278

10,705

121,476

P.O. Savings

Hungary.

2.6
0.6

3.2
1.1

3.4
1.6

Banks and P.O.

Savings lo
Savings Certif.

Irish Free
State.

France

Irlande,
Etat libre

Italie . . .

Lira

Caisses d'6p.

Norvege

Krone

Caisses

Pays-Bas

Gulden

Caisses

Pologne . .

Zloty"l
marka

Roumanie .
RoyaumeUni.

Escudo Caisses

Leu

. .

4,655

13,150

15,485

17,166

18,657

20,505

21,906

Savings Banks

Italy.

d'ep.ll

607

2,053

2,296

2,439

2,528

2,555

2,541

Savings Banks"

Norway.

d'p.

275

423

446

469

482

487

497

1,049

3,702

5,296

1,142,000

6.9

12.6

12

Caisses d'epargne postales.

Rouble
or-Gold

d'ep.:
Etat
.
Privees .

32.1

530.0
173.6

212.1
96.4

268.7
119.2

353.1
123.8

347.8
138.2

58

137

165

175

171

162

Postales ..
(Trustee , 7 .

187.2
68.5

266.5
91.3

264.2
92.3

268.1
98.2

273.1
103.1

280.4
107.0

285.5
110.4

Total
..
Cert. nat. d'ep.
Cert. d'ep. d'Ul-

255.7

357.8
314.9

356.5
336.1

366.3
413.8

376.2
447.5

387.4
454.4

395.9
472.8

1.1

1.5

2.0

10.3

14.5

45.9

Caisses d'ep.
Caisses

Caisses
gne

Rouble
I I

15

Savings Banks'

19.5

165.5
49.0

ster

Russie.

Autres '1 . . . __________5.0

Total

p.

Portugal

Banques etCaisses postales o

Cert. d'epargne

Netherlands.

Savings Banks:
Post Office

Poland.

Savings Banks:
State 4
Private

Portugal.

Others 14
Total

153 Savings Banks

d'ep.:

. . . .

Savings Banks:
Post Office
Trustee

Roumania.
United
Kingdom

Total
Nat. Sav. Cert.
Ulster Savings
Certificates.

d'6par. . ..

II

Savings Banks

Russia.

I~

16

163 -

Tableau 88 (fin). Depots et Certifieats d'Epargne a la fin des annees 1913, 1920-1925. (En millions.)
Table 88 (concluded). Savings: Deposits and Certificates at the end of years 1913, 1920-1925.
(000.000's omitted).
Unit6
mon~taire
Unit of

PAYS

Description

1913

1920

1921

1922

1923

1924

1925

Description

COUNTRY

Unit of

currency

EUROPE
(continued).

EUROPE
(suite).

Royaume
S. H. S.
. .

Suede.

Dinar

Banques

. . .

Krona

Banques

. . .

Franc

Koruna

2,078

2,938

Banks.

Kingdom
S. H. S.

Banks.

Sweden.

349

960

911

816

765

787

780

2,108

2.230

2,362

2,494

2,548

2,654

Savings Banks.

. .

1,350

3,068

3,141

3,178

3,259

3,335

3,434

Total.

Banques . . .
Caisses d'ep. .

779
780

1,460
1,028

1,538
1,048

1,677
1,097

1,810
1,159

1,821
1,176

1,920
1,211

Banks.
Savings Banks.

1,559

2,488

2,586

2,774

2,969

2,997

3,131

Total.

2,216

3,997
7,407

5,580
8,636

5,727
10,260

6,558
11,354

12,251

Banks.
Savings Banks.

8,103

11,404

14,216

15,987

17,912

143.3

154.4

163.5

169.5

172.9

185.0

1.2

0.6

5.3

2.0

1.2

1.0

0.9

0.7

47.2

47.8

49.0

51.3

52.7

54.3

Total
Tch6coslovaquie. , .

2,036

1,001

Total
. .

1,508

Caisses d'ep.

Suisse

731

. .

Banques . . .
Caisses d'ep. .5,887
Total

. .

Czechoslovakia.

Total.

OCEANIA.

OCIANIE.

Australie

Switzerland.

NouvelleZ6lande .

Caisses d'6p. .
Cert. d'6pargne
4
de la paix .
Cert. d'6pargne
.
de guerre
Caisses
gne 6.

80.3

Savings Banks Australia.

Peace Savings
Certificates 4
War Savings
Certificates 4
New

d'epar. . .

18.9

Savings Banks 6

Zealand.

SOURCES: 1) Memorandum sur les monnaies et les Banques Centrales. 2) Bulletin mensuel de Statistique. 3) Informations revues officiellemen t.
SOURCES: 1) Memorandum on Currency and Central Banks. 2) Mlonthly Bulletin of Statistics. 3) Official information.
Les d6p6ts dans l'Union seulement.
2 I
n'existe pas de donn6es s6par6es pour l'6pargne.
3 Non compris les int6erts capitalises.
4 30 juin.
5 Caisses d'6pargne: 10 du Gouvernement, 20 postales et 30 priv6es.
G Fin mars de l'annee suivante.
7 Fin novembre.
o 1925 : schillings.
9 Caisses d'6pargne Nationale et ordinaires. Les chiffres pour ces dernieres sont provisoires pour ]es annees 1920-1925.
80 Non compris les d6p6ts d'6pargne postale qui sont a la charge du Gouvernement britannique.
1 Y compris les comptes courants.
12 Caisses d'epargne postales et caisses priv6es principales.
13 Jusqu'a 1923, Marka p.
14 Caisses des ( organisations locales , a l'exclusion des cooperatives de credit.
15 Le chiffre pour 1913 se refere a l'ancien Royaume.
16 Jusqu'en 1922, y compris l'Etat libre d'Irlande.
17 20 novembre de chaque annee.
18 Fin de l'ann6e pour les caisses postales d'6pargne.
I Deposits in the Union only.
2 No separate data for savings are available.
3 Excluding accrued interest.
4

June 30th.

5 Government, Post Office and Private Savings Banks.

6 End of March of following year.
7
8

End of November.
1925 : schillings.

9 National and Private Savings Banks. The figures for the latter are provisional for the years 1920-1925.
0 Excluding Post Office Savings, for which the British Government is responsible.
11 Including current accounts.
12 Post Office and Chief Private Savings Banks.
13

Up to 1923, Marka p.

14

Banks of " local organisations ", excluding the Co-operative Credit Societies.

15 The 1913 figure refers to the Old Kingdom.

16 Up to 1922, including Irish Free State.

17 November 20th of each year.

18 End of year for the Post Office Savings Banks.

164

Tableau 89. MISSIONS DE CAPITAUX (en milliers). -

Table 89.

CAPITAL ISSUES (000's omitted).

Unit6
mon6-

Unit o

PAYS

1913

1920

1921

1922

1923

1924

1925

COUNTRY

Currency

Reichsmark* 1,234,400
. . Krone
Krone
12,745
(a)
$
(b)
$
...
Franc 2,638,000

Allemagne
Autriche .
Danemark 2
Etats-Unis
France 4.
Inde 5

Italie . ..
.
Japon ..
.
Norvege . ..
Pays-Bas 7 .
Pologne 8
Roumanie . . .
Royaume-. .(a)
Uni

40,377
3,234,057
147,720
12,994,000

30,343,400
8,602,670
16,330
3,023,077
121,265
10,680,000

84,708,900 **54,760,083
273,947 1,332,571
50,725,000 218,476,245 323,898,000 *** 27,591
23,520
8,450
9,450
8,620
3,630,129
4,029,155
4,587,780 5,214,318
120,921
53,932
293,260
493,246
14,272,000
10,697,000
6,775,000 3,689,000

Rupee

669,153

61,459,667

755,449

442,974

Lira
Yen
Krone
Gulden
Zloty*
Leu

281,842
541,669

246,761

5,077,583
2,964,601
427,569
1,132,641
1,797,360
1,442,948
330,980

229,669

3,461,178
2,481,660
437,881
512,368
13,393,255
2,927,186
100,073

2,778,216
2,154,913
327,436
393,360
25,913,000
2,944,603
100,468

3,983,185
2,115,691
122,602
233,278
191,565,580
3,839,550
67,584

6,052,419
2,624,574
178,030
359,295
36,336
3,143,645
89,323

. .(b)

(c)
Suede ..
.
Suisse ..
.
Tchecoslovaquie

12,936,200

Krona
Franc
Koruna

156,109
-

240,042
44,611
197,528

40,573

90,831

75,517

87,577

73,502

217,505
528,000

12,657
555,582
936,000
--

24,891
319,900
840,000
1,982,807

59,683
328,000
800,731
1,181,640

48,599
222,372
748,992
577,959

60,721
236,594
609,883
367,643

Germany
Austria
Denmark
United States3(a)
(b)
France4

342,658 British India 5

8,951,240
2,449,340
151,119
228,095
38,940
2,622,148
132,099
57,404

Italy
Japan
Norway
Netherlands 7
Poland s
Roumania
United
(a)
Kingdom

(b)

30,394
(c)
191,884 Sweden
675,504 Switzerland
253,952 Czechoslovakia

Les chiffres proviennent de sources officielles, a l'exception de ceux relatifs aux Etats-Unis (Commercial and Financial Chronicle), a l'Italie (Rivista Bancaria), au Royaume-Uni (Midland Bank) et a la Suisse (Societe de Banque Suisse). Les donn6es se r6efrent
a la valeur nominale, sauf celles pour l'Allemagne, les Etats-Unis, le Royaume-Uni et la Suisse, qui repr6sentent la valeur d'6mission.
- Les actions distribuees a titre gratuit ne sont pas comprises dans les chiffres pour l'Allemagne, le Danemark, les Etats-Unis, les
Pays-Bas, la Roumanie, le Royaume-Uni, la Suisse et la Tch6coslovaquie et les conversions ne sont pas comprises dans ceux relatifs
au Danemark, aux Etats-Unis, aux Pays-Bas et au Royaume-Uni. Sauf indication contraire, tous les chiffres representent les 6missions autoris6es d'actions de S. A. nouvelles du pays et les augmentations de capital des societes existantes. La plupart des donn6es
sont publi6es mensuellement dans le Bulletin mensuel de Statistique.
* Jusqu'a la fin de 1923, marks papier. ** En mille milliards. ***Schillings.
1 Y compris les Societes en commandite par actions et a responsabilite limitee.
2 Appel au public danois pour le compte de societes du pays.
3 (a) Dans le pays; (b) a l'6tranger; non compris les emissions du Gouvernement des Etats-Unis.
4 Non compris les grandes compagnies de chemins de fer; depuis 1921, non compris les actions d'apport.
5 Jusqu'a la fin de 1923, emissions de S. A. nouvelles du pays seulement.
a Ann6e commenqant le 1er avril.
7 Emissions excedant 100.000 gulden, y compris les emissions coloniales, mais a l'exclusion des bons du tresor et des emissions
6trangeres.
8 Emissions de S. A. nouvelles seulement.
9 (a) Dans le pays ; (b) possessions anglaises ; (c) Stranger. Emissions lanc6es sur le march6 interieur, non compris les 6missions
faites par le Gouvernement britannique pour des buts nationaux, celles des Gouvernements locaux dont le total n'est pas limit6
d'avance et les obligations a 6ch6ances de moins de douze mois.

The figures ae taken from official sources, excepting those for the U. S. A. (Commercial and Financial Chronicle), Italy (Rivista
Bancaria), the United Kingdom (London Joint City and Midland Bank) and Switzerland (Societe de Banque Suisse). The data represent nominal values, excepting those referring to Germany, the U. S. A., the United Kingdom and Switzerland, which represent the
issue value. Bonus shares are excluded from the figures for Germany, Denmark, the U S. A., the Netherlands, Roumania, the United
Kingdom, Switzerland and Czechoslovakia and conversions are excluded in the case of Denmark, the U. S. A., the Netherlands and
the U. K. Unless otherwise stated, all the figures represent authorised share issues of new J. S. Cos at home and the increase of capital
of existing companies.

Most of the current data are published in the Monthly Bulletin of Statistics.
8

* Until the end of 1923 paper marks. ** 000,000,000,000's omitted. *** Schillings.
1 Including " Kommanditgesellschaften auf Aktien " and " G. m. b. H. "
Subscriptions invited on home market by domestic Cos.
3 (a)
Domestic; (b) foreign. Excluding U. S. Government issues.
4 Excluding the Railways Cos; since 1921 excluding conversions.
I Until the end of 1923 issues of new J. S. Cos at home only.

Year beginning April 1st.

Issues exceeding 100,000 Gulden, including colonial but excluding Treasury bills and foreign issues.
Issues of new J. S. Cos only.
(a) Domestic, (b) British Possessions, (c) Foreign subscriptions invited on home market for foreign issues'; excluding loans by
municipal and county authorities, except in cases where there is a specified limit to the subscription, and bonds of less than 12 months'
currency.

165

Tableau 90. COURS DU CHANGE A NEW-YORK. - Table 90. NEW YORK EXCHANGE RATES.
(Pour explications et renvois, voir p. 169. - For explanations and footnotes, see p. 169).
AM]IRIQUE
PAYS
COUNTRY

ARGENTINE

BOLIVIE
BOLIVIA

BRt SI*
BRAZIL

AMERICA

CHILI**
CHILE

COLOMBIE
COLOMBIA**

20.61 cents
Parit6 or -

Gold parity

42.452 cents 38.933 cents

=-

Moyenne de:_-Average

of:_

I peso

papeloenne

1 boli-

viano

32.44 cents
=
1 lmlilreis
papel 2

100 cents

== I peso

pap

XII

. . .

34.652

1921

III
VI .
IX.
XII.

.
.
.
.

. .
. .
..
..

34.128
31.211
31.238
33.181

Year a)
b)

EQUATEUR

GUATE

MEXIQUE

ECUADOR**

MALA*

MEXICO

46.5 cents
97.331 cents

colon 5

Canad. $ 12.166 cents

1 peso oro

25 cents

NICARAGUA *t

5.414 cents
=

48.665 cents

1 peso 4

1920

COSTARICA *f

sucre

1 colon 6

I peso

pape 8
p= e
1.666 cents

49.85 cents

100 cents

1 peso

1 cordoba

1 peso

15.083

85.862

13.882_______

24.234
21.750
20.556

14.934
12.198
12.936
13.000

87.892
88.597
90.017
92.948

14.482
10.948
10.432
10.708

88.141
88.332
90.194

22.371
21.739
22.472
23.641

27.713
27.000
24.611

2.113
1.992
1.780
1.885

48.599
48.418

98.039
98.039
98.039
98.039

32.358
131

22.853
170

13.329
243

89.561
112

11.854
174 3

87.335
11

22.587
2065

27.290
178

1.978
274

48.521
103

98.039
102

.
.
.
.

36.778
36.347
35.922
37.939

22.917
25.000
29.617
25.625

13.958
13.972
12.839
12.228

96.990
98.879
99.951
99.476

11.458
12.472
14.017
12.680

91.512
91.582
90.541
97.500

23.148
22.075
23.202
22.727

24.100
24.800
22.000
22.000

1.942
1.783
1.832
1.719

49.289
48.481
48.301
48.447

98.039
99.010
99.010
99.010

Annie -- Year a)
b)

36.285
117

25.925
150

13.199
246

98.568
101

12.256
168

92.385
105

23.003
2025

23.383
208

1.808
299

48.713
102

98.605
101

1923

. . .
. . .
. . .
. ..

37.208
35.666
33.190
32.070

31.375
33.500
32.000
31.500

11.252
10.579
9.858
9.466

98.027
97.674
97.711
97.614

12.899
13.607
12.570
10.891

96.000
94.000
95.667
95.000

22.124
23.148
22.222
22.272

27.000
27.000
27.000
25.000

1.741
1.668
1.604
1.595

48.861
48.372
48.569
48.499

99.010
99.010
99.010
99.010

Year a)

34.790

31.814

122

122

10.385
312

98.045
102

12.492
165 3

95.818
102

22.143
2105

26.449

1.661
326

48.549

99.010

103

101

32.596
33.811
33.880
33.101
33.005
32.562
32.703
33.776
35.281
36.850
37.703
38.948

30.448
29.000
29.365
29.500
30.731
31.500
30.521
29.000
29.000
29.000
29.000
29.000

10.908
12.093
11.605
11.308
11.175
10.860
10.006
10.033
10.268
11.410
11.626
11.646

97.356
96.971
97.061
98.085
98.333
98.491
99.192
99.865
99.941
99.990
99.984
99.689

10.643
10.386
10.124
10.758
11.166
10.589
10.181
10.038
10.542
11.110
11.339
11.381

98.500
96.000
96.000
96.000
98.462
100.000
100.000
100.000
100.000
100.577
99.826
99.500

22.936
22.936
24.691
25.000
24.631
24.876
24.938
25.000
24.876
24.938
25.000
24.876

24.039
20.000
20.423
21.000
21.000
21.000
19.573
19.750
19.290
19.250
18.696
18.500

1.600
1.670
1.663
1.658
1.678
1.666
1.666
1.671
1.706
1.695
1.673
1.666

48.074
48.222
48.231
48.265
48.227
48.220
48.605
48.903
48.982
48.858
48.778
48.811

99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010

Year a)
b)

34.518
123

29.672
131

11.078
293

98.747
101

10.688
193 3

98.739
99

24.558
102 6

20.210
241

1.668
325

48.515
103

99.010
101

. ..
II
..
III.
. .
IV.
. ..
V. ....
VI . ...
VII
.. .
VIII . . .
IX.
. ..
X ....
XI. . . .
XII.
.. .

40.165
39.804
39.523
38.254
39.744
40.232
40.429
40.397
40.454
41.152
41.624
41.500

29.969
33.197
33.197
33.200
33.200
33.887
34.645
34.927
34.980
35.000
34.609
34.500

11.847
11.353
11.135
10.730
10.414
11.054
11.507
12.274
13.687
14.890
14.630
14.218

99.733
99.882
99.889
99.956
100.014
100.003
100.050
100.052
99.990
100.120
100.106
99.972

11.362
10.897
11.176
11.209
11.457
11.338
11.687
11.913
12.018
12.066
12.249
12.181

98.992
97.300
97.300
97.300
97.300
98.085
97.655
97.822
98.450
98.750
98.750
98.683

25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000

19.788
21.830
21.830
21.830
21.830
23.071
21.844
21.280
21.568
24.188
22.717
22.500

1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666

48.880
49.267
49.744
49.872
49.896
49.664
49.678
49.583
49.352
49.166
48.788
48.751

99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010
99.010

Year a)
b)

40.273
105

33.776
115

12.312
263

99.981
100

11.630
1005 4

98.032
99

25.000
100 6

22.023
221

1.666
1006

49.387
101

99.010
101

I
. ...
II
. ...
III . ...
IV
. . .
V
..
..
VI
. . .
VII . .
VIII . . .
IX
. . .
X . ...
XI
. . .
XII . . .

41.486
41.069
39.766
40.002
40.228
40.387
40.594
40.522
40.645
40.812
40.738
41.131

34.500
34.500
34.500
34.500
34.500
34.096
33.808
33.750
33.750
33.750
33.750
33.750

14.847
14.708
14.458
14.019
14.730
15.566
15.644
15.443
15.246
13.977
13.012
11.953

99.835
99.663
99.641
100.057
100.088
100.112
100.141
100.150
100.152
100.069
100.143
99.942

12.043
12.099
12.064
12.123
12.057
12.059
12.076
12.132
12.208
12.100
12.086
12.066

98.625
98.625
98.625
98.625
98.625
98.928
99.289
99.375
98.265
97.80
97.320
97.551

25.000
25.900
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000
25.000

22.500
22.500
22.500
22.500
22.500
20.986
17.683
16.800
18.188
18.19
18.214
18.313

1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666
1.666

48.505
48.499
48.559
48.657
48.279
48.850
48.869
48.782
48.730
48.055
47.196
46.672

99.010
99.010
99.010
99.010
99.010
00.010
99.010
99.010
99.010
99.010
99.010
99.010

40.615
105

34.096

14.467
224

99.999

12.093

98.471

25.000
100 6

20.073
243

1.666
100 6

48.304
103

99.010
101

Ann6e -

1922

III
VI .
IX .
XII.

III
VI .
IX.
XII.

Ann6e -

.
.
.
.

.
.
.
.

b)
1924

I
.
.
II
..
..
III
. . .
IV . . .
V.
VI . . . .
VII . . .
VIII . . .
IX.
. ..
X
. . ..
XI. . . .
XII. . . .

Annie -

1925

Annee-

1926

Ann6ee-Year a)
b)

114

100

101

99

184

166
Tableau 90 (suite). Cours du change h New-York. - Table 90 (continued). New York Exchange Rates.
(Pour explications et renvois, voir p. 169. - For explanations and footnotes, see p.169.)
AMtRIQUE

AMERICA

(fin -

concluded)

ASIE

ASIA

EUROPE~

INDES

~PAYS
PAYS
~ COUNTRY
OUNTRY
-

PJROU **
'ESALVADOR
PERU

*f

URUGUAY

CH
INIDE
CHIAORNEEE
VEE '(hnai(Bombay)
ZUELA
(anghI)
BRITISH

NAERLAN-

BEL-

DAISES
DUTCH

INDIA **

JAPON
JAPAN

ALLEMAGNE
GERMANY

AUTRICHE
AUSTRIA*

GIQUIE
BEL-

EAST

GIUM*

INDIES $$

Parit6 or

Gold parity

486.65

_____________
cents

Moyenne de: -

Average of:/

103 425

~~~~~~~centsCnS

1 libra

50 cents

peso

66.85 cents
19.295 cents
-

Shanghai
tael

1920

XII. ...

1921

III
.
VI . .
IX .
XII .

. .
. .
..
. .

394.6
387.5
339.4
355.0

46.729
47.393
48.780
49.505

66.422
65.482
69.875

Ann6e -Year
.... __

a)
b)

376.3
129

47.682
105

. .
..
. .

345.6
399.6
403.8
418.4

1922

1923

1924

1925

20.263 cents
23.821 cents

rupee
o

1
I gulden

mark

yen

19.295

I Krone

cents

14.071 cents g
1 schilling 14

I franc Iy

50.583

1.3737

0.2720

16.276

16.156
16.667
17.500

64.23
66.35
73.00
75.32

25.692
25.608
27.625
28.653

34.125
33.644
32.295
35.875

48.500
48.531
48.625
48.375

1.5998
1.4455
0.9750
0.5117

0.2480
0.2099
0.09487
0.03801

7.365
8.042
7.217
7.452

66.184
156

16.671
116

70.74
95

27.015
180

33.60248686
120
102

-
4,65511

53,310"

7.450
259

50.000
49.020
48.077
49.751

80.876
81.528
78.514
85.089

18.472
18.500
18.625
18.278

70.75
79.03
77.01
71.04

28.625
29.545
29.194
30.986

37.639
38.308
38.565
38.355

47.597
48.069
48.410
48.806

0.3627
0.3208
0.0683
0.0134

0.01525
0.00696
0.00140
0.00140

8.448
8.235
7.244
6.619

384.6
127

49.228
102

79.920
129

18.410
105

74.71
89

29.398
166

37.988
106

48.081
104

177,769 "

1,447,286 "

7.677
251

. . .
. . .
. . .
. . .

412.4
429.2
412.6
403.0

49.751
48.544
48.780
49.505

84.856
81.313
75.021
77.660

19.250
19.250
19.359
19.250

75.53
72.17
70.79
72.25

32.079
31.428
30.964
31.410

39.097
38.293
38.120
37.355

48.456
49.045
48.620
47.010

0.0047
0.0010
0.19"2
0.0000021"

0.0014
0.0014
0.0014
0.0014

5.480
5.399
4.902
4.580

Year a)
b)

416.0
117

49.267
101

79.628
130

19.193
101

.
.
.
.

..

Year a)
_b)

72.00
93

31.519
154

LT

38.390
105

48.578
103

n11,447,286

0.0014

5.214
370

0.0014
0.0014
0.0014
0.0014
0.0014
0.0014

4 182
3.837
3. 865
5.232
4.865
4.564

0.0014
0.0014

4.556
5.022

0.0014
1,447,286

4.639
416

12

I.
.
II . .
III
.
IV . .
V.411.6
VI . .

. .

413.6

49. 751
49.751
49.751
49.751
49.751
49.751

80. 303
78.826
77.236
77.716
78.574
77.973

X.
. . .
XI. . . .
XII. . . .

412.4
413.7
417.8
419.7

49.751
50.000
50.000
49.751

83.757
89.055
96.022
98.095

a)
b)

409.6
119

..
. .

..

.
.
.

-Year

I.
. .
II
. .
III
. .
IV . . .
V.413.4
VI . . .
VII . .
VIII . .
IX.
..
X
. .
XI. . .
XII . . .

Ann6e 1926

cents

31.452

.
Vil . .
VIII . .
IX.
. .

Ann6e

49.846

cents

26.534

III
VI .
IX.
XII

Ann6e -

40.196

cents

78.83

III
VI .
IX.
XII

Ann6e -

419.6

48.665
1=rI

.
.
.
.

409.3
419.0
418.8
415.6

.
.
.
.
.

. .

. .
. .
. -

. .
..
. .
.
.
. .

Ann6e-Yeara)
b)

412.7
415.9

49.261
49.020

47.191
106

77.003
78.864

82.785
125

19.164
19.000
19.269
19.250
19.250
19.250

19.243
19.250

19.250
19.250
19.250
19.250
19.223
100

70.27
71.20
70.00
69.74
70.88
71.37
71.67
73.33

75.27
76.98
76.30
75.47
72.71
92

30.904
30.827
30.192
30.750
31.154
31.030
31.457
32.817

32.958
34.575
34.794
35.514
32.248
11

36.279 44.897
36.114 45.427
36.08242.902
36.274 40.930
36.305 40.187
36.230 41.083
36.716
37.962

37.920
38.236
39.141
40.019
37.273
108

41.349
41.261

40.597
38.794
38.518
38.440
41.199
121

0.000002
0.000002
0.000002
0.000002
0.000002
0.000002
0.000002
0.000002

0.000002
0.000002
23.79813
23.803's
0.000002"
1001'

0.0014
0.0014
0.0014
0.0014

4.938
4.804
4.833
4.965

13

Year a)
b)

1...
II
.
III .
IV
.
V.
.
VI
.
VII .
VIII .
IX
X ....
XI
XII .

398.9
397.8
400.4
400.0

413.0
410.1
392.2
394.8
391.0
398.4
395.0

49.751
50.000
50.000
50.000
49.505
49.261
49.261
49.261
49.751
50.000
50.000
50.000

100.070 19.250
95.899 19.250
95.462 19.250
94.452 19.250
96.244 19.460
97.143 19.359
98.681 19.256
100.099 19.290
100.040 19.230
101.612 19.005
102.709 19.103
101.784 19.219

405.9
120

49.733
101

98.683 19.244
105
1
00

389.1
384.6
385.6
378.7
370.1
369.7
377.7
384.7
389.6
354.0
360.6
356.8

50.000
50.251
50.251
50.505
50.000
50.251
50.000
50.000
49.751
49.505
49.505
49.751

103.091
103.341
101.977
102.791
103.312
101.596
100.607
100.442
100.595
100.210
99.889
101.585

19.350
19.389
19.400
19.400
19.400
19.400
19.326
19.337
19.000
19.000
19.000
19.051

375.1
130

49.981
101

101.620
102

19.254
100

75.34
75.26
73.36
73.23
74. 26
76.09
76.56
77.29
78.47
77.90
75.82
75.68

36.260
36.352
36.264
36.219
36.637
36.909
37.190
37.111
36.995
36.894
36.989
36.875

40.490
40.216
40.099
40.358
40.770
40.750
40.766
41.082
41.125
41 125
40.647
40.700

38.455
39.079
40.967
41 760
41. 914
40.826
41.078
40.988
40.749
40.972
42.325
43.191

23.800
23.800
23.800
23.800
23.800
23.800
23.800
23.800
23.800
23.803
23.806
23.807

0.0014
0.0014 4
14.0581
14.059'144
14.0601 4
14.052"
14.05414
14.062'14
14.06914
14.073'14
14.062144
14.060'

5.057
5.075
5.066
5.055
5.023
4.704
4.622
4.527
4.404
4.526
4.527
14.530

75.7736.725
88
133

40.677
99

41.025
122

23.801
100

14.061
100

4.760
405

37.027
37.094
36.988
36.427
36.480
36.454
36.457
36.558
36.560
36.150
36.281
36.222

40.750
40.535
40.386
40 364
40.484
40.432
40.476
40.466
40.316
40.31
40.281
40.250

44 170
45.405
45.392
46 644
46.947
46.845
47.069
47.803
48.400
48.661
49.065
48.937

23.801
23.807
23.803
23.802
23.803
23.805
23'804
23.810
23.812
23.803
23.749
23.796

14.057
14.057
14.061
14.066
14.074
14.080
14.083
14.079
14.084
14.084
14.085
14.080

4 536
4.543
4.234
3.674
3.118
2.956
2.422
2.754
2.723
2778
2.782
2.782

36.558
133

40.421
99

47.112
106

23.799
100

14.074
100

3275
589

76.42
75.12
73.32
71.32
72.29
72.65
71.75
69.36
67.70
60.03
59.53

167

Tableau 90 (suite). Cours du change 'aNew-York. - Table 90 (continued). New York Exchange Rates.
(Pour explications et renvois, voir p. 169. - For explanations and footnotes, see p. 169.)
EUROPE

(suite -

continued)

ESTONIE
N E

PAYS -

COUNTRY

BULGARIO
.A
MARK. DAN.ZIG*
CORY BULGARIA
*DENMARK * DANZIG}

ESPAINE
SPAIN*

ESTO-fE^
(Reval)t
ESTO-

ET0I'
LA
FINLAND

.ANCE

0
GREECE

HUNGARY*

ITALY*

LATVIA

NIB
LITHUALIT..AAtA
21

NIA

PariM or - Gold parity

__________________19.295

Moyenne de
Average of:

1e

cent

1920

XII

. . . 1.132

1921

III
VI.
IX.
XII.

. ..

Ann6e -

26.799
cens

19.466

19.295

23.821

cents
--

cents

cents

11ev. .... Igulden

1

1 peseta

19.295 cents
=

19.295
cents

1 markka

-- I eest. 2.5185 cents _

mark 16 =1 mark.
mak 1

cents=
19.295 51.457
1 latv. rouble

19.295
cents
=

I drachma

20.263 cents
korona 19

ira

114.8001

13.036

__

2.4522

5.926

7.5600

0.2014

3.496

19.295 cents
= 1
at.
1 lat.

1 ita

. . .
. . .

1.286
1.1783
0.7733
0.7166

17.420
17.193
17.658
19.435

13.948
13.017
13.031
14.683

0.331
0.303
0.262
0.268

2.8855
1.8306
1.4589
1.9089

7.044
8.086
7.334
7.764

7.6056
6.0386
5.2726
4.1272

0.2804
0.4093
0.2006
0.1488

3.847
4.990
4.246
4.399

0.403
0.205
0.266
0.406

Year a)
b)

1.0164
1,898

17.792
151

13.530
143

0.291
8,254

2.1620
892

7.458
259

5.8285
331

13,618 1

4.296
449

0.326
15,784
0.387

. ..

10 cents
=

. . .

0.6882

21.103

15.632

0.293

2.0533

9.015

4.4480

0.1266

5.126

VI . . . .
IX.
. . .

0.7338
0.6384

21.671
21.123

15.682
15.324

0.304
0.293

2.1933
2.1822

3.8378
2.5601

0.1090
0.0444

4.981
4.283

XII.

. . .

0.6985

20.630

15.638

0.293

2.5200

8.788
7.665
7.196

1.2641

0.0429

5.002

Year a)
b)

0.6882
2,804

20.926
128

15.497
125

0.294
8,092

2.1765
887

8.194
235

3.3180
582

47,23311

4.747
406

. . .
. . .

0.6543
1.1749
0.9590
0.8162

19.197
17.957
18.080
17.821

15.470
14.923
13.590
13.038

0.296
0.292
0.290
0.270

2.7605
2.7721
2.6965
2.4892

6.324
6.301
5.855
5.250

1.0962
3.0975
1.7867
1.8952

0.0289
0.0140
0.0055
0.0052

4.855
4.575
4.438
4.337

19.493
19.417
19.417
19.342

Ann~ee-Year a) 0.8823
_ b) 2,187

18.353
146

14.454
133

0.290
8,214

2.6854
719

6.072
318

1.7101
1,128

389,673

4.601
419

19.436
99

. ..
. . .
. . .
..
. . .
. . .
. . .
. . .
. ..
. . .
. . .

0.7143
0.7315
0.7375
0.7278
0.7231
0.7173
0.7238
0.7328
0.7310
0.7320
0.7331
0.7339

16.942
15.998
15.679
16.645
16.924
16.778
16.047
16.212
16.946
17.333
17.548
17.636

17.036
17.241
17.212
17.422
17.452
17.301
17.452
17.953
17.889
17.953
18.315
18.692

12.756
12.741
12.758
13.647
13.804
13.473
13.290
13.415
13.247
13.409
13.604
13.963

0.258
0.263
0.264
0.264
0.262
0.260
0.242
0.233
0.242
0.260
0.268
0.269

2.4989
2.5186
2.5263
2.5194
2.5162
2.5136
2.5116
2.5192
2.5179
2.5188
2.5274
2.5300

4.665
4.419
4.681
6.157
5.792
5.253
5.119
5.464
5.302
5.229
5.276
5.399

1.9357
1.6983
1.6297
1.8413
2.0091
1.7343
1.7140
1.7947
1.7778
1.7356
1.7808
1.8140

0.0039
0.0033
0.0015
0.0014
0.0012
0.0011
0.0012
0.0013
0.0013
0.0013
0.0013
0.0013

4.340
4.345
4.277
4.441
4.440
4.333
4.304
4.445
4.382
4.350
4.334
4.302

19.342
19.194
19.194
19.194
19.194
19.194
19.194
19.194
19.194
19.194
19.231
19.231

9.950
9.940
9.960
9.970
9.950
9.901
9.881
9.891
9.901
9.911
9.930
9.881

Year a)
b)

0.7282
2,650

16.724
160

17.646
110

13.342
145

0.257
9,274

2.5182
766

5.230
369

1.7888
1,079

0.0017
1,417,784

4.358
443

19.213
100

9.922
101 .

0.7335
0.7319
. . 0.7335
. . 0.7319
.0.7318
. . 0.7322
. 0.7341
. . 0.7333
. . 0.7314
0.7294
..
. . 0.7279
. . 0.7292

17.810
17.806
18.069
18.440
18.808
19.114
21.366
23.302
24.519
24.577
24.856
24.864

18.994
18.988
18.993
19.079
19.286
19.304
19.296
19.276
19.234
19.220
19.229
19.259

14.187
14.231
14.227
14.291
14.529
14.576
14.513
14.414
14.385
14.360
14.257
14.190

0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269

2.5300
2.5280
2.5298
2.5300
2.5298
2.5292
2.5300
2.5300
2.5300
2.5236
2.5251
2.5252

5.395
5.280
5.181
5.188
5.163
4.770
4.698
4.691
4.712
4.431
3.962
3.736

1.7553
1.6134
1.5484
1.7774
1.7926
1.6575
1.5956
1.5406
1.4613
1.3554
1.3375
1.2887

0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014
0.0014

4.167
4.108
4.072
4.103
4.067
3.827
3.668
3.657
4.064
3.992
4.005
4.031

19.231
19.231
19.231
19.231
19.231
19.231
19.231
19.231
19.231
19.231
19.231
19.231

9.852
9.881
9.862
9.843
9.881
9.881
9.881
9.881
9.881
9.900
9.891
9.891

0.7317
12,637

21.128
127

19.179
101

14.347
134

0.269
[8,861

2.5284
763 a

4.767
405

1.5603
1,237

0.0014
1,447,286

3.980
485

19.231
100

9.877
101

..
..
. .
. .
.
. .
. .
. .
. .
..
. .
. .

0.7007
0.7046
0.7204
0.7232
0.7238
0.7219
0.7270
0.7262
0.7246
0.7260
0.7271
0.7251

24.804
25.379
26.114
26.174
26.202
26.485
26.502
26.544
26.554
26.574
26.616
26.637

19.260
19.309
19.268
19.301
19.299
19.335
19.410
19.469
19.426
19.424
19.422
19.434

14.156
14.107
14.098
14.298
14.549
15.772
15.735
15.307
15.239
15.102
15.164
15.248

0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269
0.269

2.5233
2.5207
2.5215
2.5216
2.5227
2.5249
2.5246
2.5238
2.5233
2.5211
2.5227
2.5237

3.771
3.678
3.580
3.389
3.151
2.942
2.466
2.833
2.855
2.940
3.417
3.949

1.3541
1.4349
1.3744
1.2762
1.2742
1.2413
1.1758
1.1160
1.1609
1.2087
1.2343
1.2643

17.553
17.562
17.555
17.563
17.558
17.559
17.570
17.560
17.562
17.562
17.564
17.565

4.038
4.026
4.016
4.020
3.873
3.665
3.350
3.295
3.669
4.120
4.214
4.435

19.253
19.264
19.264
19.264
19.264
19.264
19.260
19.257
10.257
19.257
19.253
19.253

9.891
9.891
9.891
9.891
9.891
9.891
9.891
9.891
9.901
9.901
9.921
9.911

Ann~ee-Year a)
b)
__

0.7209
2,677

26.215
102

19.363
101

14.898
130

0.269
8,861

2.5228
100

3.248
594

1.2596
1,532

17.561
100

3.893
496

19.259
100

9.897
101

1922

III

Ann6e 1923

1924

III
VI .
IX.
XII.

I .
II .
III
IV .
V .
VI .
VII
VIII
IX.
X .
XI.
XII.

Ann6e 1925

I .
II .
III
IV .
V ..
VI .
VII
VIII
IX.
X .
XI.
XII.

Ann6e 1926

. . .
. . .

. .

. ..
. ..

.
.
.
.
.
.
.
.

Yea-r a)
b)

I .
II .
III.
IV
V.
VI
VII
VIII
IX
X .
XI
XII

.
.
.
.
.
.
.
.
.
.
.
.

17.452

0.387
0.409
19.380_20
100 1

9.960

168 Tableau 90 (fin). Cours du change a New-York. - Table 90 (concluded). NewYork Exchange Rates.
(Pour explications et renvois, voir p. 169. - For explanations and footnotes, see p. 169.)
EUROPE (fin - concluded)
ROY. ])ES
ROYARUEPAYS

NPORVkGE
PAYE-A
C~~~~~~~~~~~~~OUTUTRY
NEUTAlqI
NORWAY
Y
N

POLOGNE
POLANDNDS

ROUMANIE
ROUMANIA*

UNI
UNITED

SERBES, CR.OE

RUSSIE
RUSSIA"

KIN(DOM*

ET SLOV.
O

KING]D. OF

SUDE*
SWEDE'N

THE SERBS,
CR. AND

OWITZER-

W
LAND

LOVAQUIE*
CZECHOOLOVAKIA

SLOV. *

Parit or - Gold parity

Moyenne de: - Average of:

26.799
cents
1 krone

40.196
ents I gulden

23.821 cents --markc

1
p
108.052
Cet
19.295 cents
I milreis
I zloty

5
1
19.295
486.653
Cet cents CC
I leu

4.568
= 1 tchervonetz

20263
19.295 cents 26.799 cents 19.295 cents 20.263cents
1I dinar
I krona = i franc
koruna 21

1920

XII. . . .

14.810

30.924

0.18070

10.490

1.300

349.46

2.9540

19.628

15.390

1.1580

1921

III
. . .
VI . . . .
IX. . . .
XII.
. ..

16.261
14.675
12.832
15.296

34.086
33.325
31.657
36.233

0.12707
0.08197
0.02680
0.03100

8.491
11.670
9.705
7.973

1. 373
1.574
0.9785
0.7907

391.05
378.46
372.30
414.13

2.8203
2.8703
1.9467
1.5220

22.794
22.394
21.803
24.582

17.043
17.025
17.182
19.356

1.3043
1.3994
1.1609
1.2369

Year a)
b)

14 974
179

33.644
119

76,842 11

9.835
1,099

1.2335
1,564

384.94
126

2.3692
814

22.560
119

17.353
III

1.2566
1,612 2

. .
. .
. .
. .

17.618
17.067
16.819
18.937

37.880
38.721
38.817
39.794

0.02372
0.02376
0.01252
0.00574

8.783
7.714
5.003
4.521

0.7505
06595
0.6701
0.6138

437.93
445.12
443.58
459.88

1.2837
1.3816
1.2649
1.2361

26.122
25.821
26.464
26.955

19.461
19.045
18.829
18.872

1.7419
1.9235
3.2639
3.1061

Year a)
b)

17.519
153

38.476
104

415,000 11

6.912
1,563

0.6984
2,763

442.64
110

1.3573
1,422

26.186
102

19.064
101

2.4123
8401

. . .
. . .
. . .
. . .

18.171
16.649
16.090
14.927

39.489
39.201
39.303
38.039

0.00235
0.00128
0.00035
0.00002

4.343
4.660
4.166
3.564

0.4842
0.5168
0.4642
0.5153

469.57
461.47
454.22
436.01

457.50

1.0417
1.1484
1.0940
1.1358

26.612
26.565
26.563
26.341

18.590
17.940
17.862
17.452

2.9693
2.9934
2.9946
2.9248

Year a)
b)

16.685
161

39.096
103

119,105,000 11

4.250
2,543

0.4935
3,910

457.41
106

1.0717
1,800

26.563
101

18.060
107

2.9551
6863

14.092
13.339
13.572
13.806
.. 882
13.524
13.441
13.854
13.847
14.258
14.724
15.074

37.350
37.416
37.057
37.193
37.406
37.435
37.942
38.804
38.451
39.103

0.000012
0.000011
0.000011
0.000011
0.000011
22
19.293

3.183
3.164
3.126
3.135
3.037
2.860

0.4993
0.5182
0.5225
0.5188
0.4902
0.4311

19.24722
2

425.91
430.77
429.06
435.13
436.08
431.99

2.800

457.50
463.00
501.00
521.92
517.27
516.16

516.00

18.822
18.882
19.183

4.798

460.97

26.625
26.612
26.620

2.9526

4.510

469.58

516.00

1.2363
1.3515
1.4245
1.4490
1.4962

18.195

19.20722
2

516.00
516.00
516.00

26.607

40.051

449.95
446.05
448.70

1.1825

2.8981
2.9015
2.9015
2.9567
2.9392
2.9364

0.4605
0.5178
0.5459
0.5393
0.5079

516.00

17.321
17.368
17.290
17.600
17.725
17.660

2.970
3.181
3.932

437.04

26.193
26.199
26.304
26.392
26.514
26.554

19.2251
19.21811
19.21822

0.4322

1.1335
1.2232
1.2372
1.2391
1.2353
1.1850

26.824

19.277

26.964

19.378

2.9789
2.9932
2.9814
2.9890
3.0204

13.951
192

38.219
105

19.230
10011

3.391
3,186

0.4986
3,870

441.77
110

506.07
102

1.2828
1,504

26.534
101

18.225
106

2.9541
686

15.276
15.255
15.441
16.144
16.823
17.019
18.081
18.808
20.947
20.222
20.325
20.316

40.407
40.170
39.921
39.949
40.185
40.135
40.102
40.242
40.208
40.202
40.227
40.187

19.179
19.183
19.183
19.178
19.187
19.186
19.043
17.953
17.589
16.656
15.740
10.844

4.881 0.5191
4.906 0.5072
4.930 0.4866
4.955 0.4583
5.002 0.4722
5.072 0.4660
5.136 0.4875
5.130 0.5117
5.136 0.4890
5.089 0.4774
5.113 0.4632
5.117 0.4613

478.17
477.24
477.63
479.53
485.47
486.04
485.96
485.69
484.67
484.28
481.59
484.98

516.00
516.00
516.00
515.20
516.00
515.31
513.00
514.38
515.00
515.00
515.00
515.00

1.6347
1.6216
1.6006
1.6146
1.6268
1.7114
1.7608
1.7946
1.7795
1.7733
1.7704
1.7705

26.954
26.951
26.960
26.946
26.755
26.772
26.865
26.876
26.835
26.797
26.758
26.795

19.337
19.255
19.265
19.332
19.346
19.402
19.415
19.402
19.307
19.274
19.271
19.298

2.9987
2.9600
2.9665
2.9648
2.9632
2.9625
2.9617
2.9618
2.9616
2.9617
2.9615
2.9615

Year a)
b)

17.888
150

40.161
100

17.743
109

5.039
2,144

0.4833
3,992

482.85
101

515.16
100

1.7049
1,132

26.855
100

19.325
100

2.9655
683

I.
. . .
II . . . .
III. . . .
IV
. . .
V.
. . .
VI
. . .
VII . . .
VIII . . .
IX . . .
X.
. . .
XI . . .
XII . . .

20.356
20.834
21.479
21.631
21.672
22.121
21.941
21.924
21.922
23.606
25.317
25.298

40.181
40.080
40.069
40.126
40.198
40.175
40.177
40.112
40.073
40.004
39.985
39.993

12.866
13.154
12.689
11.329
9.584
9.302
10.065
10.857
10.968
11.089
11.227
11.267

5.117
5.123
5.133
5.140
5.126
5.142
5.130
5.130
5.126
5.111
5.106
15.120

0.4476
0.4321
0.4234
0.4030
0.3710
0.4278
0.4601
0.4672
0.5105
0.5357
0.5488
0.5206

485.79
486.34
486.08
486.22
486.15
486. 61
486.35
485.86
485.42
485.03
484. 88
485.13

515.00
515.00
515.00
515.00
515.00
515.00
515.00
515.00
515.00
515.00
515.00
515.00

1.7695
1.7610
1.7611
1.7609
1.7617
1.7653
1.7672
17649
1.7662
1.7674
1.7659
1.7653

26.787
26.786
26. 822
26.796
26.769
26.814
26.796
26.772
26.748
26.729
26.696
26.730

19.311
19.262
19.252
19.299
19.346
19.360
19.360
19.324
19.322
19.308
19.285
19.319

29616
2.9618
2.9618
2.9618
2.9617
2.9618
2.9616
2.9618
2.9618
2.9618
2.9620
2.9620

Yeara)
b)

22.342
120

40.098
100

11.200
172

5.125
2,108

0.4623
4,174

485.82
100

515.00
100

1.7647
1,093

26.770
100

19.312
100

2.9618
684

Annte 1922

III
VI.
IX.
XII.

Ann6e 1923

III
VI .
IX.
XII.

Annie 1924

I.
. .
II.
. .
III
. .
IV . . .
V...
VI . . .
VII . .
VIII . .
IX.
. .
X.
. .
XI. . .
XII. . .

Ann6e
1925

Ann6e

.
.

.
.
.
.

.
.
.
.
.

Year a)
b)
I.
. .
'II .
.
III.
.
IV . . .
V.
VI . . .
VII . .
VIII . .
IX.
. .
X.
. .
XI. . .
XII. . . .

Ann6e 1926

.
.
.
.

.
.
.

.
.
.
.
.
.

40.416

19.2041

169

NOTES AU TABLEAU 90.--COURS DU CHANGE A NEW-YORK.

NOTES TO TABLE 90. -NEW

YORK EXCHANGE RATES.

SOURCES: 1. Memorandum sur les monnaies et les Banques Centrales. Bulletin Mensuel de Statistiques.
2. Memorandum on Currency and Central Banks. Monthly Bulletin of Statistics.
Les chiffres representent le nombre de cents des Etats-Unis pour une units monetaire du pays d'apres les cours d'achat a la
bourse de New-York. Les chiffres annuels donnes sous a) representent en regle la moyenne des douze chiffres mensuels, ceux sous
b) representent le cofet du dollar en monnaie nationale exprime en pourcentage de la valeur au pair.
The figures represent the number of United States cents for one monetary unit of the respective country according to the
buying rates in NewYork. The yearly figures under a) are as a rule the average of the twelve monthly figures, those under b) show
the percentage which cost of dollar is of its cost at par.
* Cable.

**Cheques.
t Calcul
daprle
s changes sur New-York. Pour 'Estonie, cours d'achat a Reval.
t Calculated from rates on New-York. For Estonia, buying rates in Reval.
1 100 pesos papel =

44 pesos oro.
" Selon la parit6 fixee en 1910 (16 d. par milreis). Une loi de 1923 prevoyait une nouvelle relation de 12 d. par milreis.
3 D'aprs le taux conventionnel d'avant-guerre.
4 D'apres la nouvelle parite introduite en septembre 1925.
, Parite d'avant-guerre.
6 Nouvelle parite introduite en 1924.
7 Les cours de 1923 et en partie ceux de 1924 ne se rapportent pas toujours au marche libre.
8 Faute de parite du peso-papier, avant novembre 1924, taux moyen de 1913. Depuis
novembre 1924, la parite legale a ete
fixee h 60 pesos. (= 1 Quetzal), pour 1 $, ce qui correspond a 1,666 cents pour 1 peso.
9 Cours moyen de 1913.
10 D'apres la parite introduite en fevrier 1920.
"1 Fin de I'annee. Pour I'Allemagne, le pourcentage du cout du dollar en decembre 1923 est: 106.490.789.546.400.
12 Pour 100.000 marks-papier.
'3 Nombre de cents pour un Reichsmark.
14 Le e schilling ), introduit en decembre 1924, vaut 10.000 couronnes-papier.
1s A partir du 28. X. 1926, la nouvelle unite, le Belga (= 5 francs papier) a 6et fixee h 13,905 cents.
16 Parite conventionnelle. A partir de la fin 1924, le change a et stabilise au taux de 100 marks pour une couronne suedoise
(= 0,269 cents pour 1 mark).
17 Nouvelle parite legale introduite en decembre 1925.
18 D'apres l'ancienne parit ; d'apres la nouvelle parite le chiffre est 100.
19 L'unite monetaire legale, a partir de 1926, est le pengo (1 pengo = 12.500 couronnes-papier
= 17,49 cents des Etats-Unis.
20 Cours de vente. Depuis novembre 1922, nombre de lats pour 1 $. Avant cette date, nombre
de roubles lettons pour 1 $ (parite
1,94338 rouble = 1 $.)
21 Jusqu'a juillet 1925, cheques; a partir d'aofit, cours moyen pour billets.
22

Nombre de cents pour 1 zloty.

23 D'apres la parite de la couronne austro-hongroise d'avant-guerre. La valeur legale de la Koruna a 6et fixee, en mars 1925,
entre 2,90 et 3,03 cents.

100 pesos papel = 44 pesos oro.

2 According to the parity fixed in 1910 (16 d. per milreis). A law of 1923 made provision for the new relation of 12 d. per mil3 According to the conventional pre-war rate.
4 According to the new par fixed in September 1925.
6 Pre-war parity.
6 New parity in force since 1924.
7 The quotations for 1923 and in part also those for 1924 do not always refer to the free market.
8 As there was until November 1924 no legal parity of the paper-peso, the average rate
in 1913 has been used. In November
1924 a legal parity of 60 pesos (== 1 quetzal) for 1 dollar was established which rate corresponds to 1.666 cents for 1 peso.
9Average rate in 1913.
10 According to the legal parity fixed in February 1920.
1 End of year. For Germany the percentage of cost of dollar in December 1923 is: 106,490,789,546,400.
12 Hundred thousand paper marks.
13 Number of cents for 1 Reichsmark.
14 The " schilling"
introduced in December 1924 equals 10,000 paper kronen.
15 Since 28.X.1926 the new unit-the Belga (= 5 paper francs) has been fixed at 13.905 cents.
l6 Conventional par. Since the end of 1924 the exchange has been kept stable at the rate of 100 marks per Swedish crown (= 0.269
cents for 1 mark).
1 New legal par fixed in December 1925.
18 According to the old par; according to the new par the figure is 100.
'1 Since 1926 the legal unit of currency is the pengo (1 pengo = 12,500 paper kr. = 17.49 United States cents).
20 Selling rates. Since November 1922 number of lats for 1 dollar. Before that date, number of Latvian roubles for 1 dollar (parity
1.94338 Rb. = $1).
21 Until July 1925 cheques; since mean rate for notes.
22 Number of cents for 1 zloty.
23 According to the pre-war parity of the Austro-Hungarian krone.
The legal value of the koruna was fixed in March 1925
between 2.90 and 3.03 cents.
reis.

- 170
Tableau 91. NOMBRES-INDICES DES PRIX DE GROS.
Table 91. INDEX NUMBERS OF WHOLESALE PRICES.
(Pourcentages par rapport
1913. - Percentages of 1913.)
Pour explications et renvois, voir p. 173. - For explanations and footnotes. see p. 173.
AFRIQUE -

AFRICA

AMBIRIQUE - AMERICA

ASIE - ASIA

EUROPE

UNION
P
COUNTRY

DE L'AFRIQUE
DU SD

UNION OF

CANADA
EF
GYPTTATE

iTATS-UNIS
UNITED

STATES

PERU

CHINE
(Shanghai
INA

CHINA

SOUTH AFRIOA

.c Officie 1

r
Dominion
B^Officie
B
u
Bureau
ourea
B o
Officiel
ficie ..
eOfficial
Co
Bureau of of Labor
Official
Statistics
Statisticseries
___________________________
_______
_______________

1913
1914
1915
1916
1917
1918.
1919

1920
1921
1922
1923
1924
1925
1926

100

.
.
.
.
.
.
.

223
160
128
127
129
128
123

316
173
146
132
143
(152)
(131)

100
98
101
127
177
194
206

244
172
152
153
155
160
156

100
104
120
146
176
213
220

100
-

100
102
110
132
179
199
209

226
147
149
154
150
159
151

III

166

171

186

VI .

150

IX .
XII

161

138
131

1922

III
VI .
IX.
XII

128
126
129

1923

I
II
III
IV
V
VI.

131

1921

1925

1926

.
.

VII

1924

126
-

124

VIII
IX.
X .

125

XI.
XII

I .
II .
II
IV .
V .
VI .
VII
VIII
IX .
X .
XI.
XII

131

I .
II .
III
IV .
V .
VI .
VII
VIII
IX .
X .
XI.
XII

130
-

I .
II .
III
IV .
V .
VI .
VII
VIII
IX.
X .
XI.
XII

124
-

126
125
-

133
-

130
127
124
-

120
122
126
-

o)

INDIA
IDIA

ALAGNE

238
205
190
189
192
202
203

100
112
128
145
178
196

152
150
146
156
154
159
164

100
95
97
117
148
196
236

201
178
176
172
173
159
148

259
200
196
199
207
202
179

137
142
134

155

210

151

165

191

202

162
151

152

1,338

169
160

142

141
140

205
190

154
-

192

1,366

153
139
138
147

154
153
148
153

142
150
153
156

190
191
190
191

152
144
140
149

180
178
172
172

201
197
193
183

141
137
136
133
134
128

151
154
156
157
155
156

156
157
159
159
156
153

185
190
188
190
191
191

153
158
159
158
158
155

175
176
177
173
172
170

184
192
196
196
199
198

207
209

100
-

*
*
*
*
*

154

120
123
129

154
155
153

134
137

150
154
153

153
154

187
186
188

152
151

153
157
156

191
192

167
169
169

157
158

190
210
212

172
174

210
211

133
135
136
134
135
131
132
143
147
156
158
156

157
157
154
151
151
152
154
157
154
157
158
161

151
152
150
148
147
145
147
150
149
152
153
157

190
189
194
195
192
192
192
193
190
192
191
195

156
160
158
154
154
152
152
149
149
153
155
157

170
173
174
169
171
171
174
175
175
176
175
171

211
208
206
207
205
200
195
200
206
213
214
213

141
137
138
140
138
131
128
133
139
142
141
143

157
161
155
154
151
150
151
151
152
153
145
140

165
165
162
157
159
159
158
159
156
156
161
164

160
161
161
156
155
157
160
160
160
158
158
156

199
194
206
206
200
200
198
200
205
205
204
203

160
159
160
159
158
157
163
160
160
159
158
158

165
164
162
164
159
153
157
154
155
158
161
159

214
210
204
202
199
200
198
200
201
200
197
194

134
134
134
133
128
129
129
129
129
129
130
130

164
162
160
161
157
156
156
154
153
151
152
151

156
155
152
151
152
152
151
149
151
150
148
143

206
205
204
203
206
204
204
204
202
202
198
199

164
163
164
163
160
156
157
161
164
171
174
172

159
154
151
149
146
147
145
147
146
144
146
146

192
188
184
181
177
177
179
177
176
174
171
170

191

155

166

AUT^IC

Frankfurter

Zeitung

100
105
142
152
179
217
415

1,965

1,486
1,911
34,182
*
**16,620
5
123
5
130
5
125

2,130
4,217
205,417
***140,100
5
47
144
137

100

192

Officiel

Official

100
-

123

151

GE

JAAUSTRIA

JAPTS

C
B. du Japon
Officialcutt
Officiel
Official
Official
CalcuttaB. of Japan nouv.sre ancienne s6rie
old
_____
___
new series
old series
series

103
128
176
211
231

.
.
.

JAPON

Officiel

100
97
107
123
141
153
165

NDE
BRITISH

99
124
136
136
123
2

2,067
3,487

4,217

5,433
7,030
28,698
147,480

6,703
9,102
43,223
205,417

84
81
118
113

716
677
643
824
1,498
3,990

120
120
128
131
132
128

278
558
489
521
817
1,939

7,479
*
94,404
*
2,395
* 709,484
** 72,571

*
*
*
*
*
*

28,360

125

*
306,336
**
18,295
**4,907,150

115
124
122

** 164,960
** 140,100

124
126

117
116
121
124
123
116
115
120
127
131
129
131

137
143
147
148
141
130
134
133
141
141
141
147

130
133
133
135
135
127
133
140
135
139
144
144

143
143
141
138
139
141
143
144
144
143
141
140

138
137
134
131
132
134
135
132
126
124
121
122

147
146
144
142
141
143
143
144
144
144
145
144

147
146
143
139
138
141
137
131
127
127
125
125

136
134
133
133
132
132
133
134
135
136
137
137

120
118
118
123
123
125
127
127
127
130
132
131

141
139
138
137
136
135
134
134
136
138
138
137

122
120
119
119
118
124
126
126
123
125
128
127

**126,156

171

Tableau 91 (suite). -

Nombres-indices des prix de gros. - Table 91 (continued). - Index Numbers

of Wholesale Prices.
(Pourcentages par rapport a 1913. - Percentages of 1913.)
Pour explications et renvois, voir p. 173. - For explanations and footnotes, see p. 173.
(suite - continued)

EUROPE
PAYS
COUNTRY

SourceSource

BELGIQUE

DANEMARK

DANTZIG

ESPAGNE

FINLANDE

BELGIUM

DENMARK

DANZIG

SPAIN

FINLAND

Officiel
Official

Officiel
Official

Officiel
Official

Officiel
Official

100
101
119
141
166
207
204
221
190
176
172
183
188
181

100
103
136
206
332
585
733
1,183
1,263
1,219
1,095
1,100
1,129
1,088

100
143
188
273
344
356
506
337
332
415
491
569
854

791,500
2,346,600
1,883,200
1,819,800

100
95
133
200
306
409
366
624577
562
575
585
690
708

193
186
183
183

1,203
1,247
1,364
1,295

367
332
351
333

604509
580
595

473
527
556

312
294
287
269

177
178
174
172

1,244
1,229
1,224
1,149

314
332
336
370

533
537
582
580

513
504
544
536

240
230
225
220

170
170
171
174
171
170
170
171
174
171
173
176

1,134
1,127
1,108
1,096
1,093
1,095
1,080
1,080
1,089
1,077
1,070
1,096

395
431
433
423
415
417
415
421
433
429
452
468

791,500

575
582
587
588
580
569
566
567
569
563
571
577

524
534
547
550
543
539
539
527
531
533
529
535

223
222
228
229
232
232
231
233
232
235
243
247

220
224
229
431
233
230
235
231
234
237
242
244

1,071
1,078
1,094
1,095
1,090
1,088
1,085
1,111
1,117
1,114
1,120
1,139

505
555
510
459
468
475
491
487
496
508
514
518

1,026,600
1,839,100
2,076,700
2,134,600
2,269,600
2,207,800
2,294,500
2,242,000
2,236,600
2,285,200
2,309,500
2,346,600

571
573
579
579
571
566
567
572
580
602
621
640

543
543
549
551
547
537
6 545
546
547
563
578
593

251
261
264
263
261
262
265
271
272
273
276
279

250
262
266
267
263
264
271
274
275
276
, 277
278

Officiel
O

Officiel
Official
ffiidende

100
-

Finans-

IFRANCE

1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1921

.
....
....
....
.
....
.
.
.
.
.
....
.
.

. . .

100
... .

. .
....
. . .
. ..
. ..
.

. . .
. . .

366
367
497
573
558
744
10

210
163
1

III....
VI . . . .
IX...
..
XII
. .

-.

_
368
369

III
VI .
IX.
XII

. . .
. . .
. . .
. ..

350
356
364
407

I....
II . . . .
III
. . .
IV . ..
.
V . . ..
VI . . . .
VII . . .
VIII . . .
IX.
. . .
X . . ..
XI . . .
XII .
..
I
.
II .
III
IV .
V .
VI .
VII
VIII
IX.
X .
XI.
XII

1925

1926

1922

1923

1924

100
134
149
206
284
292
340
341
178
181
210
234
157
141
11

100
-

164
152
149
12

270
253
202
178

178
180
176
181

434
474
482
480
474
484
504
529
514
515
531
545

192
199
200
204
202
207
207
202
205
207
210
210

. .
. ..
. . .
..
.
. ..
.
. . .
.
.
. . .
. ..
. . .
. . .

580
642
625
555
557
565
566
547
550
555
569
566

I
.
II .
III
IV .
V .
VI .
VII
VIII
IX.
X .
XI.
XII

..
.
. . .
. . .
.. .
. ..
. . .
. . .
. . .
.
.
. ..
. . .
.
.

559
551
546
538
537
552
559
567
577
575
569
565

I
.
II
.
III
IV .
V .
VI .
VII
VIII
IX
X .
XI
XII

.
.
.
.
.
.
.
.
.
.
.
.

560
556
583
621
692
761
876
836
859
856
865
860

..
.
.
.
.
.
.
.
..
.
.
.

.
.
.
.
.
.
.
.
.
.

HONGRIE
HUNGARY

Officiel
Official

ITALIBE -

Bachi

ITALY

Camera di
Commerelo
di Milano

NORVQBG -

Officiel
fficial

13

100
-

NORWAY

Okonomisk
Revue

100
-

100
-

5 517

529
536
554
646
654
1

232
267
253
198
2

115
159
233
341
3.45
322
377
269
220
244
278
218
177
4

223
227
228
225
219
220
233
431
234
231
232
234

136
147
156
162
160
164

178
180
180
184
179
179
181
182
182
184
188
198

243
240
236
230
227
223
212
197
186
197
176
176

234
230
220
216
216
206
189
168
163
158
160
157

161
161
160
153
148
149
150
151
153
154
155
152

191
192
193
190
191
187
188
184
185
187
186
187

1,137
1,141
1,131
1,133
1,122
1,129
1,118
1,142
1,133
1,121
1,118
1,120

525
526
524
523
531
554
569
569
567
584
618
646

2,307,500
2,218,700
2,117,800
2,076,600
2,026,400
2,032,600
1,959,100
1,933,300
1,952,100
1,892,400
1,861,100
1,883,200

657
660
659
658
660
683
707
731
721
716
712
715

612
624
626
616
619
634
668
685
676
672
663
661

279
281
279
273
262
260
254
249
237
223
220
220

279
281
276
267
260
258
254
245
231
231
217
218

172
165
158
157
158
157
158
162
162
178
170
158

151
145
141
141
140
141
143
141
145
150
145
141

150
149
147
143
144
146
143
148
149
148
149
149

186
186
183
179
179
177
178
180
178
179
185
186

1,094
1,091
1,081
1,081
1,070
1,079
1,079
1,092
1,093
1,095
1,097
1,101

647
649
645
664
702
754
854
785
804
768
698
640

1,831,900
1,803,100
1,778,800
1,768,300
1,762,800
1,761,200
1,775,000
1,756,200
1,760,800
1,804,600
1,828,500
1,819,800

708
704
693
692
698
708
724
740
731
712
709
681

659
655
640
636
643
654
677
691
683
655
641
619

214
211
205
199
197
194
192
193
193
198
199
184

214
211
204
198
196
195
196
196
197
188
182
177

172 -

Tableau 91 (fin). -

Nombres-indices des prix de gros. - Table 91 (concluded). - Index Numbers of

Wholesale Prices.
(Pourcentages par rapport a 1913. - Percentages of 1913).
Pour explications et renvois, voir p. 173. - For explanations and footnotes, see p. 173.
EUROPE

(fin -

OCI]ANIE
OCEANIA

concluded)

OCEANIA
TCH]CO-

PAYS

NEHE-B
NIETHE-

COIUNTRY

LANDS

Source

Officiel
Official

POLOGNE

ROYAUME-UNI

FOLAND

UNITED KINGDO)M

RBJSSIE

. .
....
....
....
....
....
....
. .
. .
. .

. .

Officiel
Official

Board
of Trade

Statist

Economist

100
-

307
197
159

100
100
127
160
206
226
242
295
182
154

100
99
123
160
204
225
235
283
181
159

** 1,579

57,046
346,353

1923 . . . .

151

142,300,700

159

152

162

* 378,100

118
155
"7 177

166
160
148

165
160
150

174
167
153

18

. . . .
. . ..
. . .

156
155
145

III
. .
VI ....
IX.
. . .
XII . . .

189
180
181
167

1922

. .. .

1923

III
VI .
IX.
XII
1

I
III
IV .
V .
VI .
VII
VIII
IX.
X
XI.
XII

. .

. . .
. . .
. .
. .

. . .
. . .
. . .
...
. . .
. . .
. ..
. . .
. ..
. . .

'
SWITZER-

Officiel

Dr. Lorenz
D Lspra"

NOUVELLE-

SLOVAQUIE AUSTRALIE
CZECHO-

AUS,ALIA

SLOVAKIA

ZtLANDE
NEW
ZEALAND

Officiel

Officiel
Official

..
. .
. .

1921

Privredni
Pregled

100
109
146
224
276
376
304
292
182
160

1924
1925
`1926

SUfJE
SWEDEN

LAND

1913
1914
1915
1916
1917
1918
1919
1920
1921
1922

S. H. S.

RUSSIA

100
--

17
17
4

100

172
183
177

1,334

163

181

977

179

158

2,016
1,804
-

162
161
149

175
162
147

997
1,008
954

173
169
169

165
161
155

248
222
201
188

211
179
185
177

1,653

190
170
168
155

177
174
170
163

165
164
165
175

1,464
1,433
1 043
991

153
163
165
168

175
181
186
187
181
180
175
173
181
182
183
183

1,005
1,012
1,012
1,003
977
949
942
943
960
952
969
974

170
169
171
174
178
187
189
184
180
179
181
182

163
165
168
168
166
164
162
162
162
161
160
160

2,034
2,101
2,040
1,973

161
162
162
161

183
180
181
180

999
1,021
1,008
1,001

182
180
175
174

160
158

178
173

968
953

173
171

100
-

100
-

359
222
173

11

60,203
57,046

211
198
187
168

208
183
176
157

189
179
183
162

164
165
152
155

73,729
87,694
152,365
346 353

160
160
154
156

157
159
150
152

160
163
156
158

618
1,579

_-

157
155
156
156
149
149
145
142
145
148
153
154

544 690
859,110
988,500
1,058,920
1,125,350
1,881,410
3,069,970
5,294,680
7,302,200
27,380,680
67,943,700
142,300,700

157
158
160
162
160
159
157
155
158
158
161
163

153
155
156
158
156
150
147
147
150
150
156
157

161
163
163
165
164
160
155
156
160
160
169
170

** 2,042
** 2,617
** 3,179
*O 4,464
** 6,290
** 9,796
** 15,224
** 27,529
** 54,901
** 87,300
*'173,100
*'378,100

100

100
106
147
138
153
178
189
228
175
162

1s

100
-

__

2,098
-

191
168

61,653

11

11

100
104
117
126
143
169
176
207
192
165

18

1924

I
. . .
II
. . .
III . . .
IV . . . .

156
158
155
154

V
. . .
VI .
. .

153
151

VII . . .
VIII . . .
IX.
. . .

151
151
158

. . .

XI.
XII

. . .
. . .

252,167,700
248,429,600
245,277,900
242,321,800

165
167
165
165

161
163
161
161

173
173
172
172

187
193
181
175

104
101

164
163

102
109
112

160
160

163
165
167

168
168

163
162
166

173
172
176

166
169

1,911
1,984

175
173
164

161

1,995
2,049
1,978

116

170

172

180

161
160

164

1,981

117
118

167

170
170

169

1,013

171
174

179
180

171

168
172

2,037
2,112

167
168

170
171

1,024
1,045

171
173

I
. ...
II . . . .
III
. . .
IV . . . .

160
158
155
151

120
121
122
119

171
169
166
162

170
168
165
162

177
177
174
169

. . .

151

178
183
195
197

2,012
1,993
2,009
2,004

118

169
169
168
163

153
155
155
155

119
120
124
127

191

166
162
162
162

..
. .
. .
. .

166

171
170
168
166

.
.
.
.

160

1,048
1,034
1,020
1,006

VI .
VII
VIII
IX.

159

171
170
166
163

157
157
156
155

1,933

154
158
158
156

162

162
165
165
164

162

998

1,842
1,785
1,642
1,621

167

161
161
159
157

162

188
175
173
174

161
160
159
159

1,009
993
996
989

170
170
170
170

162
161
161
160

17

17

1925

171
170
169

986
982
999

170
169
170

2 i1

. .

154

128

. . .
. . .

154

154
155

153

161

137
155

153
152

175

156
153

1,572

160
158

154

157

179
183

977

1,597
1,640

171

155
156

162

157
156

977
966

173
168

161
160

I
. . .
II
. . .
III.
. .
IV . ...

153
149
145
143

142
146
146
167

150
148
144
144

152
151
148
148

156
154
152
151

190
194
196
197

1,596
1,656
1,592
1,593

153
152
149
150

155
151
148
147

950
938
923
928

169
168
171
176

159
159
157
156

XI.
XII
1926

157
160
163

. . . .

143

VI . . .
VII . . .
VIII . . .
IX.
. . .

181

145

144
141
139
140

148

175
167
173
177

150

147
149
150
151

189

147
148
149
151

1,542

150
150
154
158

151

145

1,495
1,476
1,443

926

143

179
177

157

155
156
154
153

147
147

154

171
169
170
166

. . .
. . .

152

948
963
973
972

XI.
XII

177

145
146
146
145

156

. . .

150
148
147
146

175

183
182
180
179

152
146

154
146

178

155
148

148

178
177

147

978

148
150

148
147

162

153

978
979

163
162

151
153

- 173 -NOTES AU TABLEAU 91.

NOTES TO TABLE 91. -

NOMBRES-INDICES DES PRIX DE GROS.

INDEX NUMBERS OF WHOLESALE PRICES.

SOURCES: Memorandum sur les monnaies et les Banques Centrales. Bulletin mensuel de Statistique.
SOURCES : Memorandum on Currency and Central Banks. Monthly Bulletin of Statistics.
Tous les indices du tableau sont exprim6s en pourcentages des prix en 1913 ou 1914 (= 100).
Dans certains cas le fait de ramener directement un indice h une base nouvelle, sans le calculer d'apres les prix initiaux, donne
des resultats differents de ceux qui auraient ete obtenus si l'on avait fait un nouveau calcul d'apres les prix absolus.
Le Memorandum sur les monnaies et les Banques Centrales, 1913-1923, contient une serie de notes d6taillees expliquant la m6thode
d'apres laquelle les nombres-indices des prix de gros les plus importants ont ete etablis. Le meme Memorandum de l'annee suivante
donne ces notes de mani6re plus abregee (Memorandum sur les monnaies et les Banques Centrales, 1913-1924; vol. II). Toutes les
6ditions du Memorandum contiennent en dehors des series ramenees a 1913, egalement les series originales. Parmi les series publi6es
dans le tableau toutes ont comme base originale l'annee 1913 ou 1914 h l'exception de l'Afrique du Sud (base: ann6e 1910), du Japon
(1900), du Royaume-Uni: Statist (1867-1877) et Economist (1901-05), de l'Australie (1911) et de la Nouvelle-Zelande (1909-13).
*** Ajoutez neuf z6ros.
** Ajoutez six zeros.
* Ajoutez trois zeros.
1 Moyennes mensuelles. Pour l'Afrique du Sud, les chiffres se rapportent a avril, juillet et octobre.
2 15 du mois.
3Dernier mercredi du mois.

Fin du mois.
5Chiffres de base exprim6s en marks-or (Reichsmark).
6 Les chiffres annuels se referent a la fin des ann6es.
7 Dbut du mois suivant ou fin du mois donn6.
8Chiffres de base calcules en schillings.
Moyenne des cinq derniers mois.
10 Moyenne de la seconde quinzaine des mois.
D6but du mois suivant.
D"
12 Les cours se rapportent au 10 et au 20 de chaque mois.
13Chiffre de chaque mois base sur le chiffre du mois correspondant en 1913.
14 Mois de juillet de chaque ann6e.
15 Moyenne des huit derniers mois.
16 Depuis juillet, modification de la liste des marchandises.
17 Chiffres de base en zloty. Les chiffres correspondants pour f6vrier, mars et avril 1924 sont respectivement:

111,8; 110,4;

109,0.

18

Chiffres de base en roubles tchervonetz. Les chiffres annuels correspondants pour 1922 et 1923 sont 96 et 169.

19

S6rie revis6e.

The indices given in the table are all expressed in percentages of 1913 or 1914 (= 100).
In certain cases, the conversion of an index on to a new base without recalculating it from the original quotations yields results
which are different from those which would have been obtained by recalculating the index on the new base from the original
quotations.

Detailed notes on the computation of the most important index numbers were given in the Memorandum on Currency and Central
Banks, 1913-1923, and repeated in a summarised form in the Memorandum on Currency and Central Banks, 1913-1924, Vol. II. All
the issues of the Memorandum contains, in addition to the calculated series, also the original basic series.
The original basic years of the series given in the table are 1913 or 1914, with the exception of the Union of South Africa (1910),
Japan (1900); the United Kingdom: Statist (1867-77), Economist (1901-05); Australia (1911) and New Zealand (1909-13).
*

000's omitted.

** 000,000's omitted.

***

000,000,000's omitted.

Monthly averages. For South Africa, the figures refer to April, July and October.
2 15th of month.
Last Wednesday in month.
4End of month.
5 Basic figures expressed in gold mark (Reichsmark).
6 The yearly figures refer to the end of the years.
Beginning of the following month or end of the month given.
8 Basic figures expressed in schillings.
9 Average
of last five months.
10 Average of second half of month.
1 Beginning of following month.

The quotations refer to the 10th and 20th of each month.

Figure for each month based on the figure for the corresponding month of 1913.
End of July of each year.
of last eight months.
15 Average
1 Since July, modification of the list of commodities.
1? Basic figures in zlotys. The corresponding figures for February, March and April 1924 are 111.8; 110.4 and 109.0 respectively
8 Basic figures in chervonetz roubles ; the corresponding yearly figures for 1922 and 1923 are 96 and 169 respectively.
12
13
14

'

Revised series.

174 Tableau 92. NOMBRES INDICES DES PRIX DE DETAIL : (a) Couit de la vie.
Table 92. INDEX NUMBERS OF RETAIL PRICES: (a) Cost of Living.
(Pourcentages par rapport a 1913 ou 1914. - Percentages of 1913 or 1914.)
Pour explications et renvois, voir p. 177. - For explanations and footnotes, see p. 177.
AFRIQUE PAYS

UNION DE

COUNTRY

U
DU SUD
IO
OF
UNION OF

AFRICA

AMPRIQUE

EL'A
BEGYPTE
EGYPT

N9o

No. of towns

1913
VII..
1913

1914

60

-2)I)

VII

ASIE - ASIA

STATES

Le Caire
Cairo

AMERICA

ETATS-UNIS
UNITED
CANADA
CACHIE

SOUTH AFRICA

N des villes

ERU

Lima

4)

1)

1)

100

100

. .

100

100

1915
1916
1917
1918

100

VII
VII
VII
VII

. .
. .
. .
. .

1919
1920
1921
1922

105
112
122
131

VII . .
VII
.
VII . .
VII . .

100
118
157
184

145
179
162
135

97
102
130
146

105
118
142
174

201
237
189
167

155
190
152
146

199
200
174
170

103

ALLEMAGNE

AUTRICHE

BULGARIE

GERMANY

AUSTRIA

BULGARIA

EBRITISH
ITISH
INDIA

Vienne
32

100

VII

EUROPE

108
120
117
118

104

Bombay

72

Vienna

1)

121
143
168
169
173

112
123
142
164

149

188
210
199
190

186
190
177
165

100

1,065
1,250
5,392

1923

VII

. .

131

VII . .
VII
VII . .

161

133
133
131

146

158
163
159

173

143
146
150

176

173
178
176

180

186
202
199

153

187
200
201

157
157
157

1921

III.
VI
IX
XII

191
186
193
191

165
152
155
152

177
174

136
136
133
132

181
172
170
173

146
146
147
149

167
167
166
170

131
131
131
131
131
131
130
130

170
169
164
163
162
161
161
158

149
151
150
148
146
146
145
148

131

158

149

172

178

154

133
133

150
150
150

.
.

159
160
161

179
175
174

152
153
157

. . .
. . .

133
134

159
158

. .
. .

150
148

134
134

156
157

172
177

145
143

186
186

170

159
156

180
178

. . .
VI
. .

185
185

134

157
158
164
163

143

143
146
146
146

179

VII
VIII . .
IX . .

133
132
132
132

157

169

X.

182
190
195
196

3,765

1922

1923

III.
VI
IX
XII

. .

. .
.

. .

. . .
. . .

II
III.
IV
.
V . .
VI
.
VII .
VIII.
IX
.
X .132
XI
.
XII .
1924

.
.
.
.

.
.

169
-

170
-

173
-

171

158
336
671
1,162

122

2,490
5,110
9,972
263,700

1,234
1,858
1,919
2,619

2,477

86
97
103

2,833
3,014
2,759

160
173
185
179

1,138
1,167
1,374
1,928

8,945
9,519
12,047
52,700

165
163
165
161

2,897
4,147
13,319
68,506

79,000
186,600
1,127,100
937,500

156
155
154
156
153
152
153
154

112
264
285
295
382
765
3,765
58,605

66
67
71
76
79
80
76
73

2,421
2,511
2,535
2,509
2,418
2,366
2,234
2,184

1,500

75

2,142

* 365,700
*** 65,700
5) 6) 142

77
77
78

2,138
2,218
2,398

126
120

82
83

154
150

2,448
2,352

122
125

83
83

2,519
2,479

184

150

185
186
191
190

153
167
161
161

127

85

124
126
127
129

2,447

196

86
86
91
91

191

2,639
2,565
2,644
2,697

161

190
192

189
189

135

161
150

92

2,785

135
135

94
95

2,945
3,010

191
196

196
199

157
157

212
202

56) 6)
136
136

159
158

96
97

3,083
3,186

136
137

95
93

3,127
3,074

5)

171
173
175
177
178
179
179
181

2,171
2,222
2,331
2,421

I)

. .

133

X
. .
XII . .

168

147

134
133

170
167

148
149

173

1
II

133
133

165
171

133
134

150
148

166
164

147
146

194
195

134

162

161
163
164
165

146
149
148
149

200

174
-

199

192
191
196
203

136

154
157
152
151

97

3,027

201
205
211
212

156

VIII. .
IX . .

134
133
132
132

146

138
143
145
145

213

97
97
96
95

3,171
2,989
2,821
2,786

203

207
201

153

204
205

144

153
155

95

2,775

141
141

95
95

2,782
2,871

200
193

205
202

155
154

204
201

140
139

155
153

104
103

2,852
2,849

138
140

102
102

2,796
2,726

. . .
. . .

III.
IV

. .

.
. .
VI
.
VII .
V

1926

100

76

5)

5)6

I
I
II.
IV

1925

100

126
143
142

I3)

9)

-.

100

1924
1925
1926

. .
.
. .

12

.
.
.
.

. . .

132

XI . .
XII . .

165

131
131

152

164
164

154
155

I.

131
131

162
163

131
131

154
154

163
162

153
152

193
193

132

161

151

159
159
161
160

150
151
149
149

195

175

203

198
205
207
202

153

205
202
203
198

140

155
157
155
155

102

2,888

141
142
143
142

103
103
103
103

2,793
2,790
2,712
2,677

.
. .
III. .
IV
.
V . .
VI .
VII .
VIII .
II

.
.
.
.
.
.
.
.

178
-

IX

. .

131
130
130
130

X.

. .

131

161

XI. . .
XII . .

150

131
129

156
156

201

151
152

196

155

199
196

142

197
197

154
156

103

2,662

176

144
144

104
104

2,693
2,672

175

Tableau 92 (suite). Nombres indices des prix de detail: (a) Cout de la vie.
Table 92 (continued). Index Numbers of Retail Prices: (a) Cost of Living.
(Pourcentages par rapport a 1913 ou 1914. - Percentages of 1913 or 1914.)
Pour explications et renvois, voir p. 177. - For explanations and footnotes, see p. 177.
EUROPE
PAYS
COUNTRY

DANEMARK
DENMARK

NO des villes

FINLANDE

FRANCE

GRtCE

HONGRIE

IRLANDE

ITALIE

DANZIG

FINLAND

FRANCE

GREECE

HUNGARY

IRELAND

ITALY

LATVIA

105

Milan

Riga

VII.

1914

VII

1915
1916
1917
1918
1919
1920
1921
1922
1923
1924

. .
VII .
VII
.
VII
.
VII ..
VII
.
VII
.
VII . .
VII . .
VII . .
VII . .

100
-

1925
1926

100
116
136
155
182
211
262
237
199
204
214

VII . .
VII . .

219
184

147
137

1921

III
VI
IX
XII

III
VI
IX
XII

.
..
. .
.
. .

1924

1925

.
. .
. .

I.
. .
II..
III. ..
IV
. .
V . .
VI
.
VII .
VIII. .
IX
. .
X . ..
XI
.
XII . .
I
.
II .
III
IV
V .
VI
VI
VIII
IX
X .
XI
XII

. .
. .
.
.
. .
.

. .
. .
. .
. .
. .

VII

1926

Paris

A2h1nesarisetore
Athdnes
Budapest

100
-

_
-

127

0) 237

") 212

10) 199

198
1)

198

204

209

214
-

I
. ..
II . .
III. .
IV
V . .
VI
.
VIII
IX
X .
XI
XII

21
ns.

LETTONIE

LTHUAIE
LITHUANIA

84

221
.
.
.
.
.

.
.
.
.
.
.

219
.

.
.
.

. . .

II .
III.
IV
V .
VI

. .
. .

VII

. .

VIII
iX.
X .
XI.
XII

.
.
.
.
.

194

. .
.
.
.
.
.
.

184
-

178

100
11) 106
1) 143
) 251
) 588
1) 964
931
1,214
1,142
1,111

1,154
1,218
1,183

238
13) 341
13) 307
13) 302
13) 334
13) 366

390
13) 485
13)

1,107
1,137
1,160
1,157

291
302
289
300

1,155
1,143
1,141
1,121
1,121
1,147
1,154
1,198
1,199
1,219
1,222
1,217

142
143
140
146

147

1,218

149
144
144
142
138

1,266
1,242
1,228
1,227
1,197

135

1,166

134
132
134
133
133

1,175
1,172
1,163
1,159
1,175

137

1,183

135
135
135
136
139

1,213
1,203
1,197
1,193
1,197

100

_-

1)

338
307
295
297

1,150
1,149
1,147
1,116
1,096
1,109
1,111
1,163
1,172
1,193
1,190
1,170

100

_
100

3)

100

100
--

100

1,100
1,128
1,277
1,172

1,199
1,191
1,210
1,201
1,176
1,191

12) 100

MROUXE

Luxembourg
Luxemburg

8)

1913

1923

continued)

DANTZIG

Dantzig
v100
Dantzig
Danz
Danzig

NO des

No. of tows.

1922

(suite -

616
1,032

1,278
1,472
1,808

331
345
-

365
-

366
-

367
377

386
390
-

401
421
-

451
-

485

4)1,710,300

1,612,600
1,482,300

183
188
182

512
598
649

568
506
520

") 469
10)

616

-539
-

--

14)

1,035

1,152

_-

1,330
1,348
1,257
1,083
1,032
1,112
1,195
1,256
1,295
1,262

138

114
110

158
140

74
60
70
85

383
357
452

498
519
686
384
422
399

503
488
498
504

81
80
69
76

190

505
497
493
492
490
491
487
483
487
502
502
499

78
81
84
86
87
88
90
90
89
95
103
100

510
517
521
522
518
518
512
507
516
546
563
573

103
104
105
106
106
108
108
108
108
111
114
112

122
122
127
133
141
134
138
135
139
141
149
154

500
507
486
471
468
481
498
503
511
518
530
523
521
516
509
508
499
515

181

180

67
75
90
108

191
185
189

186

364
359
368
395
407
423
428
439
437
440
452
467
465
475
479
487

1,325
1,314
1,359
1,343
1,285
1,228
1,278
1,271
1,332
1,369
1,429
1,437

1,710,300

1,417
1,430
1,449
1,419
1,408
1,448

1,678,400
1,655,600
1,613,400
1,582,300
1,656,700
1,616,500

195
188
-

1,472

1,612,600

580
592
602
600
591
596

108
108
112
108
112
111

1,484
1,503
1,547
1,610
1,644

188

153
157
161
161
153
152

1,535,400
1,525,300
1,433,000
1,427,400
1,474,300

598

114

158

519

188

610
624
643
643
649

109
107
106
106
108

141
145
146
147
144

527
533
530
535
528

1,673

1,441,800

188

1,664
1,706
1,731
1,741
1,791

665

1,462,500
1,472,800
1,451,200
1,462,300
1,470,400

110

142

533

180

1,482,300

182

661
647
642
652
650

110
110
109
111
110

142
142
140
141
141

522
527
546
578
609

1,453,800
1,459,300
1,488,300
1,529,300
1,520,400

1,808
539
545

1)

324
334

185
180

286
280
441
494
488
487

1,818
1,833
1,862
1,895
1,889

188

178

183
-

193

189
-

649
652
647
672

657
657

110
105
101
101
100
106

140
139
139
139
141
143

686
688
711
727
734
746

176

Tableau 92 (fin).
Nombres indices des prix de detail : (a) Cofit de la vie.
Table 92 (concluded).
Index Numbers of Retail Prices: (a) Cost of Living.
(Pourcentages par rapport a 1913 ou 1914. - Percentages of 1913 or 1914.)
Pour explications et renvois, voir p. 177. - For explanations and footnotes, see p. 177.
EUROPE
COUNTRA~YS
NORVE
COUNTRY
NORVPGE
NORWAY

pAYg.A
PAYS-EHEAS

POLOGNE

ROUMANIE

POLAND

ROUMANIA

Amsterdam

1913

VII

1914

VII

. .

1915
1916

VII
VII

..

1917
1918
1919

VII
VII
VII

..
..
..

1920

VII

1921
1922
1923
1924
1925
1926

VII

100

Varsovie
rsovie
WarSaW

PayS entier
Whole

Wa

UNITED
__________

RUSSIE
(U.R.S.S.)
RUSSIA

630

229

49

33

3)
-

100

100

100

125
148

115
130

180
210
215

159
219
257

142
183
195

--

307

219

4) 11,173

294

208

VII

251

187

VII
VII
VII
VII

.
.
.
.

238
249
259
220

III
VI
IXX
XII

. .
. .

301
293
288
275

--

100

255

25,709

1) 1,305

222

52

1,633

174
173
179
171

181

63
127
146
177

2,400
2,660
3,180
3,340

171
171
173
170

210
208
199
190

17,974
20,270
39,817
46,740

1,168
-

233
219
210
192

16)

AIUSTRALIE

CZECHO-

AUSTRALIA

Prague

1)1
) )

2
-

100

3) 190
3) 253
) 275

OCEANIA
NOTVELLEZkLANDE

SLOVAKIA

SUISSE
SWITZERLAND

OCPANIE TCHOCOSLOVAQUIE

NEW
ZEALAND

30

25

country

4)

0)

))
-

100

100

100

100

113
117

108
117

204
222

116
120
133

128
144
157

270

224

236

158

200

182

150

14

178

190

164

184 214
194
228

174
171
176
172

141

159

164
169
168
162

151
149
153
158

158
160
163
163

-s4h7I

1921

SUPDE
SWEDEN

(U.S.S.R.)

15)
100
) 117
146

1. )

concluded)

ROYAUMEUNI

NETHER-

__________________
____________ _________
____INGDOM

NO des villes
No. of
of towns
townis
No.

(fin -

19) 696

682
707
695

3)

249
236
231
216

230
216
209
195

195
190
190
183

175
163
162
164

724

152

158

156

161
152
146
140

21)

186

20)

178

137
140
143
142

21)

16)

1922

1923

1924

III.
VI
IX
XII

.
.
.
.

.
.
.

I..
II .

257
249
246
238

192
187
175
176

54
60
57
60

1,622
1,604
1,685
2,017

182
184
178
178

124

173

2,072
2,173
2,347
2,400
2,470

177
176
174
170
169

128
134
140
122
141

177

58
57
79
79
81

III.
IV
V..

..
.

VI

. .

236

174

61

164
162
163
165
167

2,420

VII .
VIII . .

238
239

169

155

171
173

173

184
171

IX

2,400
2,340

169

63
72

174

83

2,410

175

169
169

172

177

169

2,540
2,570

175
177

704

162
168

694
669

165

20) 159
-

157

143
-

709
703

230

X..
XI

. .

229
231

--

47
55

XII

..

234

178

80

2,586

169
172

177

182

176

173

669

236
239

--

121
127

2,680
2,740

244

179

199
206

179
178

126

2,700

174
173

173

682
685

208

IV
.
V . .

173

244
244

172

127
126

2,630
2,650

682

171
169

212
202

124

171
171

669
672

2,640

170

208

171

171

679

2,660
2,840

171
172

149

127
135

214
202

2,900

176

675
668

141

171
171

192

174

160

171

688

148

2,965
3,000

180
181

195
198

180

198

178

696
696

3,080

174
175

175

695

148

170
170

698
703

160
-

III.
VI

VII
VIII.

IX
X

245
.
.

249
253

258

173
-

176

152

162

150

259
263

150
152

..

266

181

153

..
. . .

267
270

145
146

271

179

147

179
179

3,205

199
204

. .

3,115
3,128

175

214

177

IV
V

267
262

--

146
143

3,370
3,280

173
172

259

219
214

VI

179

144

168
168

710
708

3,320

173

211

176

168

711

153

XI

..

XII

17)

8)

I
II

III.

1926

238
237
237
236
237

II..

1925

169

708

150

VII .
VIII . .

259
255

146
149

3,180
3,200

179

193
187

3,170

176

721
709

149

168
168

248

173
174

IX

192

175

163

168

152
157

3,200
3,290

176
177

201
205

154

173

3,380

167
167

704

175

211

174

167

704

155

164
-

162

X . . .
XI
.

241
236

--

XII

234

177

..

232
230

III.

225

IV
V

VI

VII
VIII

IX

II

..
.

X ..
XI. . .
XII . .

I)
--

702
699

170
171

3,335
3,320

173
172

169

220
225

169

3,310

168

166
164

707
700

229

173

163

221
220

685

157

176
183

3,327
3,370

167
168

171

239
233

218

183

3,436

162
162

680
686

170

227

172

220
219

162

684

217

177
181

161

164

188

3,340
3,455

3,460

170
172

174

228
222

220

171

162
161

698
700

699

158

218
217

190
195

3,600
3,700

3,760

175

700
703

197

161
161

168

224
225

213

179
179

223

171

162

161

705

157

161

163
163

177

NOTES AU TABLEAU 92 a): NOMBRES INDICES DES PRIX DE DIETAIL: a) COaT DE LA VIE.
FOOTNOTES TO TABLE 92 a): INDEX NUMBERS OF RETAIL PRICES: a) COST OF LIVING.

SOURCE. - La plupart des chiffres ont 6et fournis par le BUREAU INTERNATIONAL DU TRAVAIL. Les donnees sont publi6es
regulierement dans la Revule International dl Travail et dans le lBulletin menslel de Stalistiqzuc.
SOURCE. - The figures were mainly supplied by the INTERNATIONAL LABOUTR IOFFICE. Current data are published in tle

Internationale Labour Review and in the Monthly Bulletin of Statistics.

* Ajoutez trois z6ros. ** Ajoutez six zeros. *** Ajoutez neuf zeros.
Moyennes annuelles.
2 1er juillet.

Debut du mois suivant.

4 Decembre.
Depuis decembre 1923, en Reichmarks.
6 Depuis decembre 1923 nouvelle s6rie. Le chiffre correspondant de l'ancienne serie a 6t6 en d6cembre 1923
de 124,7.
7 Depuis 1923, indice or.
s Nouvelle s6rie.
9 Les indices mensuels comprennent des articles d'alimentation, de chauffage et d'6clairage.
comprennent egalement des articles d'habillement et so rapportent h toutes les villes d6partementales. Les moyennes annuelles
3

10 Juillet.
" Janvier de l'annee suivante.
12 Premiere moitie de l'annee.
13 Juin.
1 Octobre.
'" Les chiffres annuels se r6efrent an mois dle juin, h l'exception de 1917 (aoAlt) et 1918 (aoltt-septembre).
1 Depuis 1922, en zlotys.

S6rie revis6e, y compris le logement.

S Semaine du milieu du mois.
19 Moyenne des sept derniers mois.
20 Aoat.
1 Fevrier.
* 000's omitted. ** 000,000's omitted. *** 000,000,000's omitted.
Yearly averages.
" July 1st.
3 Beginning of following month.
4 December.
" Since December 1923, in Reichsmarks.
6 Since December 1923, new series.
The corresponding figure of the old series for December 1.923 was 124.7.
7 Since 1923, gold index.
17

New series.

The monthly indices include foodstuffs, heating and lighting.

cou- '7y towns.
10 July.
" January of following year.
12 First half of the year.

The yearly averages include also clothing and refer to all

June.
1 October.
15 The yearly figures refer to June, except 1917 (August) and 1918 (August-September).
13

11
7

Since 1922, in zloty.

Revised series, including rent.

" Middle week of the month.

9

Average of seven last months.

2" August.

February.

12

178

Tableau 92. Nombres indices des prix de detail : b) Prix des denrees alimentaires.
Table 92. Index Numbers of Retail Prices (b) Prices of Foodstuffs.
(Pourcentages par rapport a 1913 ou 1914. - Percentages of 1913 or 1914.)
(Pour explications et renvois, voir p. 180.- For explanations and footnotes, see p. 180.)
AFRIQITE - AFRICA

PAYS

U. d. l'Afr.

COUNTRY

du Sud
Tnion of
Africa

__

~~S.

N o desvrilles
Na
No. of towns

des

Egypte
Egypt
_

S vlles I Le

Caire
Cairo

1914
1915
1916
1917
1918
1919

1920
1921
1922
1923
1924
1925
1926
1921

VII

VII

III

VI ..
IX. .
XII .
1922

1923

Unis
T~nited
U
States

P6rou
Peru

51

Lima

_____
1

281
196
172
152
148
158
158

227
148
138
137
134
141
149

167
190
219
148
142
147
143
160
157

206
195

171
148

156
144

100

100
99

100

123
190
216
224

104
114
157
175
186

197
139
116
116
117
120
117
160
144

100
102
100
111
146

Allemagne
Germany
_

Boby

Bulgarie
Bulgaria

Autriche
Austria

Vienne
_________ ViennaCairo

...

100

--

Atones
APea

111

100

100

100

100

119

128
146

108
116
126
154
174

--

--

166

---

--

100

100

Grace
n
Greece

Finlande
Finland

.............
Vi~~~~~~100[Atensa
________
_____
_____
4

Espagne
Spain

_-

72Bdidn21

100

100

--

1,124

187
212

174
160
148 *
151 [
152
155

1,252
1,491
6,836
4,651
132
154
145

1,610
1,702
2,257
2,335
2,650
2,951
2,766

253
236
184
188
200
210
159

190
189
181
177
184
189
187

1,013
1,323
1,144
1,002
1,052
1,145
1,105

260
344
323
316
346
377
412
507

1,352
1,370

188
181

1,169
1,188

350
323

187
181
,

1,404
1,230

310
310

133
125

207
199

155
149

153
150

154
174
180
169

Dane
mark
Denmark

100
107
115
123
145
162
188
208
183
174
166
168
179
181

British
India

1,614
2,357

--

57,900
328,236
1,291,100
1,436,200
1

115
--

57,900

236

...

197

583
953
1,194
1,515
1,849
-

416

119

188

138

139

---

157

89,900

2,189

181

1,124

301

119

179

138

141

5,119

240,800

2,241

184

183

1,139

316

117

171

139

140

158

15,417

1,345,700

2,333

179

1,166

288

XII' '.

119

173

142

147

160

IX.

151

80,702

1,051,900

2,400

180

177

1,122

299

I
II
III

117
117
117
117
118
118

168
164
159
157
157
154

142
145
143
140
138
137

144
142
142
143
143
144

---

*
*
*
*
*
*

137
318
332
350
462
935

1,071,768
1,078,381
1,163,684
1,293,536
1,391,000
1,413,200

2,411
2,500
2,527
2,504
2,423
2,372

180

150
149
150
148
146
148

180
181
178
180
178
170

1,108
1,103
1,096
1,047
1,016
1,004

149
149
147

* 4,651
* 67,049
** 1,730

1,291,100
1,233,500
1,250,900

2,237
2,184
2,138

188

172
178
178

333

953
1,020
1,068

**430,100
152 ***86,200
6166
154
1924 1~~~~~~~~~~~54616
141
151
130
147
132
143
132
143

1,263,600

2,126

1,171

1,264,723

2,217

177

1,003
1,087
1,103
1,140
1,133

1,286,019

2,407

182

1,112

354

1,203

1,352,700
1,382,100
1,393,000
1,383,765

2,456
2,535
2,520
2,482

194

1,089
1,070
1,067
1,035

1,294
1,277
1,352
1,325
1,232
1,153
1,194
1,182
1,240
1,312
1,418
1,428

III

.
.

IV .

.
.
.
.

. .
IV . .
VII .

---

3,602

142
141
144

147
145
149

150

144

150

151
152

145
145

151
156

120
122
122
123

150
150
146
145

145
143
137
133

149
147
144
141

168
168
167
166

178
190
180
195

122

145

133

141

166

147

134

1,416,900

2,450

--

180

1,037

146
148
162
162
168
173
171

134
137
139
139
141
142
145

142
143
144
147
149
150
152

167
168
171
171
171
169
170

151
156
156
156
157
156
152

128
132
133
137
146
146
146

1,445,700
1,436,200
1,565,200
1,562,320
1,584,500
1,619,800
1,624,800

2,650
2,570
2,653
2,705
2,786
2,933
3,002

200

120
117
117
117
120
122
121

186
182
180
189
185
175
190

1,040
1,052
1,125
1,125
1,156
1,160
1,160

I . .
II .
.
III
IV . .

120
120
121
124

173
180
172
163

147
145
142
141

154
151
151
151

173
184
196
181

152
155
153
151

145
145
146
144

1,644,600
1,661,800
1,622,500
1,583,000

3,094
3,213
3,155
3,104

215

188
189
192
191

1,130
1,120
1,152
1,137

. .

188

1,097

190
190
190
190
189
186
183

1,101
1,145
1,222
1,187
1,165
1,164
1,138

188
183
185
187
183
183
186
178
187
190
191
193

1,090
1,106
1,100
1,085
1,078
1,090
1,105
1,153
1,137
1,126
1,114
1,110

116
115
115

152
148
149

117

120
118

II . .
III
.
IV . .
V

VIII
IX
X

1924

XI..
XII

. .

. .
VI .

VII
VIII
IX.
X .
XI..
XII

.
.

147

123

161

141

152

183

149

141

VI .
VII
VIII
IX.

.
.
.
.

122
120
119
118

158
158
161
160

X
XI.

155
160
160
159
162

165
163
171
184
181

119
117

141
146
146
147
151
156

167

184

XII

116

164
162

157

166

184

152
147
146
148
149
151
151

146
154
154
153
151
147
146

I . .
II . .
.
III
IV .
V . .
VI . .
VII .
VIII .
IX.
.
X . .
XI. .
XII .

116
117
118
119
119
118
117
117
117
120
119
117

161
159
161
161
160
157
158
159
157
160
157
154

155
155
153
152
149
149
150
148
147
148
151
153

164
162
160
162
161
160
157
156
159
160
162
162

187
182
183
178
181
184
184
186
179
176
178
179

150
151
150
150
152
155
153
152
153
152
154
155

143
142
141
142
142
143
145
146
145
145
148
150

1926

60

_____

lod

VI . .

1925

107
116
128
134
139

VII.
VII
VII .
VII
VII .
VII .
VII .
VII .
VII .
VII .
VII .

Canada

EUROPE

AIK- ASIA

Etats-

1913VI.

AMORIQTEB- AMERICA

119
117
114
114
113
116
115
117
116
117
118
112

2,853
2,855
2,799
2,731
2,909
2,808
2,803
2,720
2,680
2,662
2,693
2,680

3,056

3,210
3,014
2,839
2,788
2,763
2,769
2,866

210
-

177
-

159
-

156

174

332
-

346
-

378
377
373
389

403
412
419
-

437

583
-

1,053
1,208
-

1,436
1,455
1,270
1,038

1,236

1,506
1,510
1,562
1,478
1,443
1,516
1,515
1,511
1,544
1,597
1,676
1,718

1,760
1,738
1,805
1,821
1,817
507 1,870
1,849
1,871
562 1,890
1,933
1,986
574 1,973
-

473

-- 79 Tableau 92 -0 (suite). Nombres indtees des prix de d~tal:I b) Prix des denr~es ailmentaires.
of Retail Pries : (b) Priees of ]Foodstuffs.
Table 9 (continued). Index Nulmbers
(Pourcentages par rapport h 1913 ou 1914. -- Percentages of 1913 or 1914.)
Pour explications et renvois, voir p. 180. -- For explanations and footnotes, see p. 189.
lcaL -

EUROPE:
(suite -continuled)
PBY8
COUNTRP
Irande
HongrieItalie
Hungary
Ireland Italy
NO
das villfs
Budapesb

To. of bowns

1922

1 923

I
II
III

.
.
---

IV.
.
VI,~ VII.
VIZT,,!X
.
.
X
XI.
XII.

VI,.
.
VII
VIII
IX .
X,~
XI.
1925

2,083,700
1,972,000
1,931,000
I
1,878,500
1 ,944-,600
V.
1r
,907,500
VI1,900,600
1,795,600
VIII.
IX.
1,787,000
X.
1,644,500
XI. 1,590,400
XlI. 1,671,400
I
III.
IV.
V.
VI.
VII.
IX.
XI.
XlI.

525
494
508
514

1
102
98
1

148
1
145

7
414
73
80

180
172 1
175

198
.
-

513
..500
493
494
499
502
4963
490
496
502
503
499

108
109

145
146
145
143
139

77
80
10
105
107
177
71
195

173
171
68
162
160
162
165
168
10172
173
176
175

~~~183
182
190

I
'196
180

20-0

1,608,700
.1,647,100
1,666,800
1,632,200
1,612,200
1,629,800
,654,600
1

515
516
523
524
519
8
508
507
514
543
56;/

6238
227
228
2215

214
214
10214
212
104
107
214
213
107
108
218
11220
11218
14217
22
120
18226
19230
234
123
241
122
240
121
241
121
125
125
127
131
137

248
257
261
264
269

) --1
579 ~~~~~41
2,132,200
203

I.

23
220
-1210
185

11
185
la 196
i 16 98

0-

200
185
184 1
154

-185

I.

III.

1 926

---

~~T.
~
[II.
IV, ~

00
01
10-0
10-0 103
1132 4
123
161
153 11
204
147
12203
210
177
-12271
217
202
1"290
216 1
-1262
319
2126
45,6'~
292 185
122
175
145 '5 74
100 233
71
165
143
218
108
164
148 139
248
125
174
168
153
11260
161
146
207
198
132

140
299
104
290
290
121
11268

----

Warsaw

582
523
545
567

10
25
10
45
5 06
:92
:96
,08
102
;54

--

1 9241

...

12 185
182
185
188
174

II
VI
IX
XII.

~~~~~~~~~~~Am~sterVarsovie
229w

10

10-0

III.
I.
ZIX.
XII.

Pays-Bas
Pologne
lnsPoland

31630 damn
14

Riga

105Mila~n

1
00
193VII.
1914 VII.
1915~~
1916 VII

-1917 VIi
.
~
1918 VII
.
-1919 VI
. -1 920 VII
.
1921 VII
.
1 922 VII
-V
I
1923
7 2,132,200
1924
VII
1,900,600
1925 VII.
1,654,600
.1926 VII.
1921

Lettone Norv~ge
Latvia Norway

Ro~~~~~~~~~~~~
Russie
Uni
U.R.S.S.) [Suede
United Russia ISweden
I(U.S.S.R.)]
K~ingdom

1~
188
188
187
175

590
11
142
610
624
142
027
136
599
138
599
141
602
621 140
643
135
646
134
136
649
660
137

~142

140

4
1

143
147

144

54
470
1.05

148
148
145
144
143
4
142
146
155
154
154

16
!63
1
L52
14
[4
38
13
155
16
[81
18

81

77
176
167
163
60
162
64
166
72
179
10

oaqiter-utale
6ltd
Czco
58rla
New
ubalia. Zealand.
lan zo -

1ae

3)
0

4unt

10-0
10-0
-0 1
0-0
100
112
124
123
19
.
131
..
134
127
2
`177
3
132
258
147
4
318
6
187
287
165 164
211,3~)3
231
146
144
1,430
178
157
119]
162
142
921
166
152/
158
148
009 149
170
198 [155
1~6
15511
169
185 [169
149
876
162
159
213 157
231
228
202

2
214 1
208
192

,1
178
80
166

4
156
156
160

~
7
1
15/164
11{163
164
10]161
11/159
129 ]158
152 ]158
127 |158
121 / 163
115 / 164~
1301163
1

126/

1721
180 [161
185 / 160
191 |157
182 [156
190 ]155
198 /157
182 ]11170
168 |164
172
/
177/
172

65
154
143

6
166
16
150

1,475 1
1,1.05
.62

46
1 49
146

143
139
138

160
158
159
1
164
166
166
166
167
167
171
972
6 173
172
171
169
169
170
170
170
7
175

9,40 I
--- 1 139
934
~,26 1 145 [140
142
6 27 I
143
9
142
933 I162
142
9
1143
;92
145
903 1 1
146
c, Ol
147
i1961
4
0
5
q171)
-- 1
~)71149
152
~t081
~)07 1150
~316 15
~323 !14'9
0
8971
308 1 14-6
1
;:221

8 ,4~51,a8~5,7 0

172
176
183 ]170
7
277 155
172
193 ]170
[77
176
160
283
171
170
207 171
1
284 156
169
t72
167
216 [170
154I
169
168
162
11I t681
265
69 169
167
208 ]
71
150 I
261
169
185 [169
168
152I [74
260
169
173 ]170
173 170
254 156
170
172 17
!18
152 ]
71
241.
168
172 182 |166
152|
174
228
168
186 /
65
178
174
152 I
223
167
,113/
164
14
20
221

112`16
148I
681
148[
138
212
676
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205
654
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150

147
149
149
150
149
151
52
153
155
156
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9
195
189
204
214
213
207

168
165
159
158
158
161.
161

2051
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163
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159
157
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159

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321
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154
153
152

227
232
244
247

163
169
169
167

157
158
157 160
159
158
57
159

8781
8881
902!
912[

48
147
146
149

I1 6 0 15158.8 14
6013i9 146
1,8700
VI
1,618,900
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1,
1,678,300
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6
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178
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132
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186
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155

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180 -

NOTES AU TABLEAU 92 b) : NOMBRES INDICES DES PRIX DE DETAIL; b) PRIx DES DENIIEES
ALIMENTAIRES.
NOTES TO TABLE 92 (b) : INDEX NUMBERS OF RETAIL PRICES; (b) PRICES OF FOODSTUFFS.
SOURCE. - La plupart des chiffres ont tc6 fournis par le BUREAU INTERNATIONAL DU
TRAVAIL.
* Ajoutez trois z6ros.
** Ajoutez six z6ros.
*** Ajoutez neuf z6ros.
1 Moyennes annuelles.
1 er juillet.
" D6but du mois suivant.
4 15 du mois.
" Depuis decemibre 1923, en Reichsmark.
6 Depuis d6cembre 1923, nouvelle s6rie. Le chiffr correspondant de l'ancienne
s6ric a tL6en d6cclbre 1923 de 151,2.
7 D6cembre.
s Nouvelle s6rie.
9 Juillet.
1
Janvier de l'ann6e suivante.
Pour 1919, premiere moitie de l'ainne ; les chiffres annulls de 1920 h 1926 sc rapportent
i jllin.
Juin.
Octobre.
1' Depuis 1926, nouvelle s6rie pour six villes.
1 Depuis 1922, en zloty.
16 Pour les ann6es 1921 a 1924, y compris le combustible et le
savon; depuis 1925, nouvel indice pondere sans combustible
et savon.
SOURCE. -

The figures were mainly supplied by the INTERNATIONAL LABOUI OFFIC;E.

* 000's omitted.

** 000,000's

omitted.

***

000,000,000's

omitted.
Yearly averages.
" July 1st.
Beginning of following month.
" 15th of month.
5 Since December 1923, in Reichsmarks.
Since December 1923, new series. The corrcsponding figure of the old series for December
1923 was 151.2.
7 December.
s New series.
9 July.
10 January of following year.
1 For 1919 first half of the year. The yearly figures from 1920 to 1926 refer to
June.
12 June.
" October.
1 Since 1926, new series for 6 towns.
'1 Since 1922, in zloty.
16 For 1921-1924 including fuel and soal); since
1925 new weighted index without fuel and soap.