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Footnotes 1. By comparing the composition of new borrowing in the September and December 1971 quarters and March quarter 1972 with capital inflow of those quarters as recorded in the balance of payments. Commonwealth Bureau of Census and Statistics, Overseas Borrowings by Companies in Australia , December Quarter 1971 (Preliminary) and March Quarter 1972 (Preliminary) Table 1, and Balance of Payments: Quarterly Summary. See Table 1. 2. Treasury Economic Paper No. 1, Overseas Investment in Australia , pp. 39–40. 3. Commonwealth Bureau of Census and Statistics, Overseas Borrowings by Companies in Australia , March Quarter 1972 (Preliminary) Table 2. In this publication an attempt was made to classify the debt outstanding by the length of the debt. The breakdown suggested that it was mainly long term. However the relevant table (Table 5) excludes a component of debt that may have been short term — branch liabilities to head office and intercompany indebtedness of subsidiaries – and which comprised 40 per cent of total outstanding debt. (a) This is drawn from Commonwealth Bureau of Census and Statistics, Balance of Payments: Quarterly Summary . It includes all direct investment other than undistributed profits. (b) This is drawn from Commonwealth Bureau
The Australian Economic Review – Wiley
Published: Dec 1, 1972
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