Facts and figures about the crisis

which af fords condusive evidence that the gold-accumulations in the United States cannot have been caused, as to the great majority, by the alleged refusal to take payments in goods and services, since any favourable balance of payments was applied to loans to foreigners, the average for 1929 and 1930 being about the same as for the preceding 6 years.

The stoppage of these loans, especially in the case of Germany should be largely attributed to municipal and

Table 23. — Gold Movements to and from the United States by Countries, 1931» Including Corporation Figures for 1929 and 1930

(Thousands of dollars)

Exports Imports

Country . 1 -

1981 1930 1929 1981 1930 I 1929

Belgium . . . 15.607 24 1

England ... 219 289 21.086 7.015 14 62.396

France . . 363 908 73 808 65.381 19.394 183 202

Germany . . . 1.047 201 2.384 37.073 27 46.773

Italy 5.320 3.000 9 4 5

Netherlands . . 50.327 1 17 5

Portugal .... 2.088

Sweden .... 36 1.341 5.573

Switserland . . 19.823 10007 66

Canada .... 116 86.746 890 81.252 43.618 73.880

Central America . 100 1.062 1.090 1.697 1.030

Mexico .... 3.052 416 3.605 25.319 20806 9.174

Argentina ... 50 141.263 20.272 72.478

Brazil 87.776

Chile 438 528

Columbia . . 16.116 9.097 5.292

Ecuador . . . 1.015 1.661 1.373

Peru 1.028 7.622 6.896 1.921

Uruguay . . . 6.080 8364

Venuzuela ... 62 965 1.600 1.078 4.747 883

Australia . . . 4.870

British India . . 87 S.064

GhinaandHongKong 83 401 2.511 34.323 22.612 1.727

Dutch East Indies 50 1.280 4.870 1.762 1.199

Japan .... 42 124 199.328 156.609

Philippine Islands 3.740 3 715 3.262

New Zealand . . 220 715

All other countries1 3.893 41 5.735 12.921 '6.700 4.435

Total . . 466.794| 115.967 116.583 612.119 396X54 291.649