V. I.   Lenin

NOTEBOOK “ι”

(“IOTA”)


 

ARTICLE BY PAISH IN THE JOURNAL OF THE ROYAL STATISTICAL SOCIETY, JANUARY 1911

British capital invested in Indian, colonial and foreign loans and companies, and the income derived therefrom in 1907–08 (Paish, p. 168):

[[BOX:
My summary
in three main groups:
A, B, C ]]
Capital Income


Per
(£000) (idem) cent
A) Loans (government and muni-
cipal) . . . . . . . . . .
757,460 29,938 3.9
B) Railways . . . . . . . . . . 1,198,991 52,839 4.4
C) { Banks, etc . . . . . . . 366,022 21,870
Mines . . . . . . . . . . 243,386 26,145
Oil, etc . . . . . . . . . . 127,879 8,999
C) 737,287 57,014 7.7




Total 2,693,738 139,791 5.2

Author divides table not into three (A, B, C), but into very many groups.

A) % ==3.2% 4.7%
B) ==3.8 4.7%
C) ==3.3 30.5%
1910 (£000)
British Colonies
• Canada and Newfoundland (my) Σ
• Australian Commonwealth
• New Zealand
• Total for Australasia
[[BOLD-COLUMN-BOX]]
• Africa[:] South
• [Africa:] West
India and Ceylon •
Straits Settlements and Malay States •
Miscellaneous British possessions •
A) 92,948 198,365 64,721 263,086 115,080 8,541 182,517 7,943 6,969 677,084
B) 223,740 2,951 761 3,712 9,354 136,519 1,717 375,042
C) 503,026
Σ (*)
373,541
301,521 78,529 380,050 351,368 29,498 365,399 22,037 33,259 (*)
1,555,152
(*) Note: Paish’s total == 1,554,152, because for Canada
he gives 372,541 in the summary table (p. 186), but
373,541 in the main table (p. 180).
 
United
States
Cuba Philippines Japan China Miscellaneous
foreign
countries
A) 7,896 2,282 42,784 22,477 818
B) 586,227 17,387 7,902 8,910 4,521
C) 93,955 3,031 300
Σ 688,078 22,700 8,202 53,705 26,809 61,907
Argentina Mexico Brazil Chile Uru-
guay
Peru Misc.
American
countries
A) 38,339 8,276 40,221 17,071 9,860 81 3,838
B) 186,126 54,306 29,961 12,646 21,194 6,476 11,681
C)
Σ 269,808 87,335 94,440 46,375 35,255 31,987 22,517
Russia Turkey Egypt Spain Italy Portugal France Germany Other
Euro-
pean
coun-
tries
Σ but
without
Egypt
A) 19,109 9,650 14,044 1,885 4,164 1,336 1,351 22,870 74,409 60,365
B) 2,013 6,146 1,916 5,473 3,284 4,432 495 23,759 21,843
C) 27,793 7,071 90,199 62,408
Σ 38,388 18,320 43,753 18,808 11,513 8,134 7,071 6,061 36,319 188,367 144,614

Journal of the Royal Statistical Society, Vol. LXXIV, January 1911.

Paish’s article (and its discussion in the Statistical Society (article pp. 167–87; discussion, pp. 187–200)) shows that the author was very cautious and careful.

He excluded conversions—taking not nominal, but issue prices of securities—and to avoid duplication took income from securities, etc. The value of his data is therefore infinitely greater than that of the baseless “data” on France and Germany.

His main work relates to 1907–08.

£000,000
1907–08 1908–09 and 1910

1910

colonies: 1,312 +228 1,554
foreign countries 1,381 +288 1,637
Total 2,693 +516 3,191


|| N.B.
N.B. Alfred Neymarck, Modern Finances, Vols. VI and VII. French Savings and Securities 1872–1910. 2 vols. 8°ree;. Paris, 1911.


Notes

  CALMES, “RECENT LITERATURE ON CAPITAL INVESTMENT” | M\"ULHAUPT, THE MILK CARTEL  

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