Pages: 197-287

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NOTEBOOK
«C»
Pp. 1-50

Harms. Weltwirtschaft.
Supan.
Hübner
Junius.
Demorgny (Persia NB)
Le Temps
Daily Telegraph and others.
Lloyd George on 4 billion
£ (4/V 1915)
Brauer on German (etwa "defeatists")
[4,3]
[5]
[1 (13)]
[11]
[16, 19]
[12, 23]
[29]
[17]
[202, 212]
[220]
[5,7,9,10] [221, 227, 232, 238]
[250]
[244]
[267, 272]
[278]
[286]
[268]
[200]

Harms. World Economy.
Supan.
Hübner.
Junius.
Demorgny (Persia NB)
"Le Temps" "Daily Telegraph" and others
Lloyd George on 4 billion pounds sterling (4/V 1915)
Brauer on German (approx.
"defeatists")
[4,3]
[5]
[1(13)]
[11]
[16, 19]
[12, 23]
[29]
[17]
[203, 213]
[220]
[5,7,9, 10] [221, 227,233, 239]
[251]
[245]
[267,273]
[269, 279]
[287]
[269]
[ 201 ]

H A R M S W E L T W I R T S C H A F T
Bernhard Harms:
«Probleme der
Weltwirtschaft». Jena.
1912.
«Volkswirtschaft und Weltwirtschaft».
English capital abroad (1911) according to G. Paish ((George
Paich in the «Journal of the Royal Statistical Society», vol. LXXIV,
1910/11, S. 167)) («Great Britains capital investments in Colonies etc»)*.
(B. Harms, S. 228):
1. English colonies
thousands of
£
North America Canada and Newfoundland]
372.541
Australia
Australian] Union
301.521
New Zealand]
78.529
Africa
Southern
351.368
Western
29.498
Asia
India and Ceylon
365.399
Straits Settlements
22.037
Hong Kong
3.104
British North-Borneo
5.131 other British] possessions
25.024
Sum = British colonies
1.554.152
[ 202 ]

HARMS WORLD ECONOMY
Bernhard Harms: "Problems of the World Economy." Jena. 1912.

"National economy and world economy".
English capital abroad (1911)
according to
G. Paish
((George Paich in "Journal of the Royal Statistical Society"
("Journal of the Royal Statistical Society"), vol. LXXIV,
1910/11, p. 167)) ("Great Britain's investments in the colonies, etc.")*.
(B. Harms, p. 228):
1. English colonies
THOUSANDS of pounds sterling
North America
Canada and Newfoundland
372.541
Australia
Australian Union
301.521
New Zealand
78.529
Africa
Southern
351.368
Western
29.498
Asia
India and Ceylon
365.399
Straits Settlements
22.037
Hong Kong
3.104
British North Borneo
5.131 other British possessions
25.024
Sum = British colonies
1.554.152
[ 203 ]

l f Fremde Länder:
USA
688.078
| Cuba
22.700
Philippines
8.202
Argentina
269.808
Mexico
87.334
Brazil
94.330
Chile
46.375
Uruguay
35.255
Peru
31.986 other American] countries
22.517
Russia
38.388
Turkey
18.320
Egypt
43.753
Spain
18.808
Italy
11.513
Portugal
8.134
France
7.071
Germany
6.061 other European countries
36.319
Japan
53.705
China
26.809 other foreign
61.907
Sum = foreign countries
1.637.084
Sum = Total
3.191.836 (and total around 3 3/4 billion £ sterling)
The same by continents:
millions
£
%
America
1.700
=

Asia


Africa


Australia


Europe


3.192
100%

HARMS. WORLD ECONOMY

II.
Foreign countries:
United States
688.078
Cuba
22.700
Philippines
8.202
Argentina
269.808
Mexico
87.334
Brazil
94.330
Chile
46.375
Uruguay
35.255
Peru
31.986 other American countries
22.517
Russia
38.388
Turkey
18.320
Egypt
43.753
Spain
18.808
Italy
11.513
Portugal
8.134
France
7.071
Germany
6.061 other European countries
36.319
Japan
53.705
China
26.809 other foreign
61.907
Sum = foreign countries
1.637.684
Total Sum = Total . . .
3.191.836 (and a total of 342 billion pounds sterling)
The same by continents:
millions of pounds sterling
America
1.700
=

Asia


Africa


Australia


Europe


3.192
100%

Dr. Sigmund Schilder: «Entwicklungstendenzen der Weltwirtschaft». Berlin 1912, — S. 150 — refers to G. Paish and
says that his figures are understated, because they were taken from him
Emissionspreise (in Romance America 556 = 556 million
£ sterling, while according to Kursnotierungen of the London
Stock Exchange 31. V.
1909 £ = 767 million £, including Argentina — 28 / million, Brazil— 140 million).—
The London «Economist» 26. VIII. 1911 counts British capitals in 10 South American] republics (Argentina,
Brazil, Uruguay, Chile, Peru, Bolivia, Colombia, Venezuela,
Ecuador and Paraguay) = 622 million
£ including Argentina — 316, Brazil — 162, Uruguay— 42*, Chile — 41*) — (ibidem 5. 57/).
Foreign capitals in Canada (1910) = / 2.687 mil lion frs, including British 9.765, United
States — 2.190, French — 372.
In Mexico (1886 —
1907) = 5.545 million frs, including United
States 1.771, British 1.334 (S. 373).
Belgian capitals abroad (Beliner
Export» 24. XI. 1910)
in millions frs:
Holland — 70; France — 137; Brazil — 143; Italy — 166; Egypt —
219; Germany — 244; Argentina — 290; Congo-Staat — 322;
Spain — 337; Russia — 441; other countries — 338.
Total
23!Á billion frs. (S. 365).
French capitals abroad:
there S. 235 ** J
Billions francs
Russia
10,о ***
England
0.5
Belgium and Holland
0.5
Germany
0.5

HARMS. WORLD ECONOMY

Dr. Sigmund Schilder: "Development Trends of the World
Economy." Berlin 1912, — p. 150 — refers to G. Paish and says that his figures are underestimated, because they were taken from him
emission prices (in Romance America 556 = 556 million
Pounds sterling, while according to the registration of the London Stock Exchange
May 31, 1909, the sum = 767 million Pounds, including
Argentina — 28 ½ million, Brazil — 140 million).— The London Economist of August 26, 1911 estimates British
capital in 10 South American republics (Argentina, Brazil, Uruguay, Chile, Peru, Bolivia, Colombia, Venezuela,
Ecuador and Paraguay) = 622 million Pounds, including Ar
gentina — 316, Brazil — 162, Uruguay — 42*, Chile — 41*) —
(ibid. p. 57/).
Foreign capital in Canada (1910) = / 2.687 million francs, including British 9.765, United States
States— 2.190, French— 372.
In Mexico (1886— 1907) =
5.545 million Francs, including United States 1.771, British 1.334 (p. 373).
Belgian capital abroad (Berlin's "Export" November 24, 1910
in millions of Francs: Holland — 70; France — 137; Brazil — 143; Italy — 166; Egypt — 219;
Germany — 244; Argentina — 290; Congo State — 322; Spain — 337;
Russia — 441; other countries — 338.
Total
23!Á billion Francs (p. 365).
French capital abroad:
Lenin takes only the largest figures. In B. Harms, the following figures are given for the noted countries: Russia — 9–10, Romania and Greece — 3–4,
Italy — 1–21/2, Canada and the USA — 1/2—1, Egypt and Suez — 3–4,
Argentina, Brazil and Mexico — 21/2—3, Tunisia and the French colonies —
2–3. Ed.
there p. 235**
Billions
Francs
Russia
England
Belgium and Holland
Germany

Turkey, Serbia and Bolgaria
Billions francs
0,5
Rumania and Greece
4,о*
Austria-Hungary
2,0
Italy
1,5*
Switzerland
0,5
Spain and Portugal
3,5
Canada and the USA
1,о*
Egypt and Suez
4,о*
Argentina, Brazil and Mexico
3,о*
China and Japan
1,о
Tunis and French colonies
3,0 *
Sum =
35,5
Now, it is, around 40 - 42 billion
German capitals abroad (1904) except for funds (and outside of Europe)
Millions marks

Africa (including Egypt)
1.350
Persian-Arabian Peninsula and India
75**
Southeast Asia
250**
East Asia

Australia and Polynesia countries around the American Mediterranean
1.200 west coast of South America east
»
»
»
1.600
U.S. States and Canada
3.000
Sum =
9.225
* See note 3 on page 212.
** With the exception of the two noted figures (75 and 250) all the remaining
figures in this table from B. Harms (p. 240) are given as double (from — to), and
namely: Turkey (except Egypt) — 300—350, Africa (including Egypt) —
1.325—1.350, East Asia— 400—450, Australia and Polynesia — 300—400,
countries around the American Mediterranean — 1.080—1.200, west coast of
South America — 500—550, east coast of South America — 1.300—
1.600, U.S. States and Canada — 2.500—3.000; total sum — 8.030—9.225. Ed.

HARMS. WORLD ECONOMY

Billions francs
Turkey, Serbia and Bulgaria
0-5
Romania and Greece
4,o*
Austria-Hungary
2-0
Italy
1-5*
Switzerland
0-5
Spain and Portugal
3-5
Canada and United States
1,o*
Egypt and Suez
4,o*
Argentina, Brazil and Mexico
3-0*
China and Japan
Eo
Tunis and French colonies
Sum =
35,5
Now, they say, about 40—42 billion
German capital abroad (1904)
except funds (and outside Europe)
Turkey (except Egypt)
Millions of marks

Africa (including Egypt)
1.350
Persian-Arabian Peninsula and India
75**
Southeast Asia
250**
East Asia

Australia and Polynesia countries around the American Mediterranean
1.200 west coast of South America

EASTERN
))
»
»
1.600
United States and Canada
3.000
Sum =
9.225

German monetary capitals (in securities) abroad (1897 — 1906) *
Argentina also millions of marks
92,4
Belgium
2,4
Bosnia
85,0
Brazil
77,3
Bulgaria
114,3
Chile
75,5
Denmark
545,4
China
356,8
Finland]
46,1
Great Britain
7,8
Italy
141,o
Japan
1.290,4
Canada
152,0
Cuba
147,0
Luxembourg
32,o
Mexico
1.039,0
Netherlands
81,o
Norway
60,3
Austria
4.021,в
Portugal]
700,7
Romania
948,0
Russia
3.453,0
Serbia
152,0
Sweden
355,3
Switzerland
437,в
Spain
1И,7
Turkey
978,j
Hungary
1.506,в
U.S. St. America
4.945,в (my total)
Sum =
21.909,7
In total, the author considers all the German capit[als abroad] to be
55 billio]ns of marks (S. 243).
Figure = 9.225 (1904) then roughly the same in Europe
Sum = 18
Then Wertpapiere approximately
= 17
Sum = 35
* B. Harms, p. 242. Ed.

HARMS. WORLD ECONOMY

German monetary capitals (in (1897—1906) * securities) abroad
Argentina also Millions/ of marks
92,4
Belgium
2.4
Bosnia
8o,ф
Brazil
77,3
Bulgaria т . , Chile
75,3
Denmark
595.4
China
356,8
Finland
46,!
Great Britain
7,в
Italy
141,9
Japan
1.290.4
Canada
152,9
Cuba
147.0
Luxembourg
З2,в
Mexico
1.03!).о
Netherlands
81,9
Norway
СО.з
Austria
4.021,в
Port\galia
70Л7
R\MY1111IYA
048,9
Russia
3.453,9
Serbia
152.0
Sweden
З55,з
Switzerland
437,в
Spain
P .,
Turkey
078,!
Hungary
1 506,8
United States of America
4.945,8 (and that my) Sum =
21.309,7
In total, the author considers German capital abroad to be 35
billion marks (p. 24]).
Figure = 9.225 (1904) then roughly the same in Europe. Sum = 18
Then securities approximately = 1 7

America
6.530,2
Asia (Turkey)
2.625,1
Africa
Australia
Europe
12.754,4
Sum = 21.909,7
NB
NB

B.
Harms quotes on the question of German Kapitalan lage abroad (except Sartorius): Riesser: "Die deutschen
Grossbanken und ihre Konzentration". 3. Auflage. Jena
1910. — Paul Dehn: "Weltwirtschaftliche Neubildungen".
Berlin 1904. — Paul Arndt: "Wesen und Zweck der Kapi talanlage im Auslände" ("Zeitschriftl für Sozialwissenschaft",
1912, Heft 1 — 3). — Robert Liefmann: "Beteiligungs- und
Finanzierungsgesellschaften". Jena 1909.— German capitals abroad:
Africa (a) Asia (including Turkey)
Australia and Polynesia (P) Central and South America (Γ) U.S. States and Canada
Except funds
Funds (1904)
(1897—1906)
1.350
- (?)
1.125
2.625,1

- (?)
3.350
1.431,5
3.000
5.098,7
Sum = 9.225 (« + Р+ 7) = (7.475)
(9.155,,)
Foreign capitals of the three richest countries in Europe
approximately :
billions of marks
England
France
Germany
Sum
America


Asia m
And
16 1/2 , Africa
10 \ 29-'
7 [ 8*
2 \7*
19/44
Australia
8 )
— )
And
9 )
Europe


Total


Written in pencil. Ed.

HARMS. WORLD ECONOMY

America
Asia (Turkey)
Africa
Australia
Europe
12.754,4
Sum = 21.909,7
B. Harms quotes on the question of German investment of
capital abroad (except Sartorius): Riesser's: "German large banks and their concentration)). 3rd edition. Jena 1910.—
Paul Dehn's: "New formations in the world economy". Berlin
1904. — Paul Arndt's: "Essence and purpose of capital investment
abroad" ("Journal of Social Science", 1912, issue
1 — 3). — Robert Liefmann's:
"Participation and fi nancing societies:". Jena 1909. —
German capitals abroad:
Except funds
Funds (1904)
(1897—1906)
Africa
1.350
- (?)
(a) Asia (including Turkey)
1.125
2.625,1
Australia and Polynesia

- (?)
(P) Central and South America
3.350
1.431,5
[1) U.S. States and Canada
3.000
5.098,7
Sum
=
9.225 (« + ? + T)
=
(7.475)
(9.155,,)
Foreign capitals of the three richest countries in Europe
approximately:
billions of marks
England
Fraction
Germany
Sum
America


Asia and )
M
16 1/2 , Africa
10 ) 29-'
7 [ 8*
2 17*
19/44
Australia
8 )
— )
and
9 )
Europe
4'


~
=
=
—
Total


Europe
6.530,2
2.625,1

21i
Germany
Etwa
■-----
-
England
Total billions of marks by °/§ (approximate
England
France ly)
billions approximaapproxi of marks
Approxima tely mately

America
6-5


Asia
2,в

And


Europe
12.8


Africa
—


Australia
—

л
—

21.9


[1.5] Western Europe (Belgium, Switzer land, Scandinavian countries)

!(??)

1 °-в| Southern Europe (Spain.
Italy, Portugal)


1,6
Balkans

o..(??)

Russia


••• .5]Austria
_8
0^ ??)

All of Europe


Balkans + Russia + Austria

2(??)

(Harms, p. 138) (ibid.)
Railroad network of the world:

—
106.886 km.

211.000

294.000

617/285

1.006.748 (kilometers)


Europe
223.869
329.691
America
313/П7
513.824
Asia
33.724
99.436
Africa
9.386
33.481
Australia
18.889
30.316 (my) sum = 599.285
1.006.748

Weltkabelnetz: (km)
(Harms, S. 141)


England
208.747
253.898
Nordamerika]
50.545
92.818
Frankreich
26.157
43.115
Deutschland
6.186
30.167
Dänemark
13.888
17.111
Niederlande
1.786
5.721
Japan
2.797
8.084
Spanien
3.237
3.565
Italien
1.968
1.989
Yerschiedene Länder
3.233
7.724 (S. 498) Aussenhandel (Spezialhandel) Deutschlands
(Millionten] Mark)

Increase
Ein-
Aus fuhr
Ein-
Aus-
Ein-
Aus fuhr
[fuhr]
1. Europa
3.239.0
2.509.7
5.196.8
5.0-23.э +
60% + 124%
2. Afrika
З9.в
22,!
418.0
181.3
3. Asien
128.2
84.3
828.3
ЗЗ2.3
4, Amerika
635.4
613.в
2.190.7
1.255.0
5. Australasien
Зэ.1