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Tuesday, 30 September 1958


Mr Ward d asked the acting Treasurer, upon notice -

What has been the amount of overseas expenditure in each year since 1948-49 under the following headings: - Imports, freight, insurance, interest remittances to persons living abroad, dividends, foreign currencies made available to Australian residents travelling abroad, and miscellaneous?

And: What has been the amount of income from overseas sources in each year since 1948-49 under the following headings: - Exports, capital inflow showing investment funds and loan moneys separately, dividends, insurance, remittances to Australian residents from people living abroad, and miscellaneous?


Mr Menzies - As the honorable member, in his two questions, has asked for details of most of the items in Australia's balance of payments, his attention is directed to the White Paper on National Income and Expenditure 1957-58 presented on the occasion of the Budget 1958-59 and to the publication entitled " The Australian Balance of Payments ", issued by the Commonwealth Statistician. Table V. of the former publication, which is reproduced below, gives details of the current items: -

 

Receipts of investment funds and loan moneys are shown in the following table, which has been compiled from the Commonwealth Statistician's publication - " The Australian Balance of Payments ". This table also shows the relationship of the balance on current account to the change in international reserves : -







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