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508
V. INDUSTRIES OF SWEDEN. A GENERAL SURVEY.
million kronor. This estimate is, however, too low in one respect, viz.: with
reference to the waterfalls in Norrland, which are not even assessed at their
present real value but probably several tens of millions of kronor too low — this,
altogether irrespective of the rise in value which the future undoubtedly will
bring.
c) Live Stock. The figures under this heading, arrived at as shown in the
above-named publication, are 465 million kronor approximately.
d) Agricultural Dead Stock. This is calculated on the basis of the live
and dead stock together amounting to a value of 180 kronor for every hectare
of cultivated ground. Subtracting from that the value of the live stock, arrived
at as above, the remainder of about 163 million kronor will represent the
value of the dead stock.
e) Stock, Machinery and Plant, etc. together with Personal Movable
Property. To calculate these items is a very awkward task and can only be
effected with the assistance of the fire-insurance amounts. The complete value
of property insured was 6,692 million kronor at the close of 1898. Of this
amount the sum for mixed insurance (movable and immovable property together)
came to 3,568 million kronor, for movables, separately insured, to 1,107 million
kronor, and for immovables, separately insured, to 1,956 million kronor, to
which is to be added about 61 million kronor for the insurance of cattle. If
the amount of mixed insurance, i. e. for movables and fixtures conjointly, be
apportioned in equal shares to each, — a division that previous experience show3
to be an approximately correct one — the total amount of insured movable
property comes to about 2,952 million kronor. Subtracting from this sum the
gross value of the live stock and agricultural dead stock, as above obtained
(628 million kronor), we obtain for the remaining item3, under the heading
movable property, the total amount of about 2,324 million kronor.
/) Mines and other metalliferous deposits (property in the form of real
estate belonging to mines not included). On the basis of the production in
1898 (about 2’3 millions of tons) and at an assumed net price of 2 kronor a
ton, the present value of the iron-mines, capitalized at a rate of 6 may be
reckoned at 76" 7 million kronor. To this there may be added 15 million kronor
as the approximate value of the remaining metalliferous deposits in working,
yielding a total of 91*7 million kronor for this item.
g) Fisheries and Fishing-Waters, not included in the assessment of real estate
in land, may probably be calculated, on the basis of the yield during recent years
(7 million kronor gross), at a capital value of approximately 45 million kronor.
h) Means of Communication (roads are excepted as being included under
the assessed value of real property). These may bo estimated as follows: Canals
15 millions, Railways 715 millions, Tramways 3 millions, Telegraph and
Telephone 17"5 millions, Lighthouses 10’2 millions, making a sum of 760-; million
kronor. For the above value of canals, their net yield has been taken and
capitalized at 4 K, for railways (yielding interest at the rate of from 4 to 5 i
on an average), the total cost of construction, and the same for telephone,
telegraph, and lighthouses.
i) Merchant Nary. On the following average values per ton: sailing vessels
of upwards of 20 tons 80 kronor, steamboats of upwards of 20 tons engaged in
foreign carrying trade 250 kronor, engaged in home trade 450 kronor, the total
value under this head may be calculated (for 1898) at 99 million kronor, to
which comes an additional 5 millions for steam-launches, small sailing-boats and
barges, making a grand total of 104 million kronor.
k) Bullion and Specie. On the basis of bank reports of Dec. 31, 1898
and of the account published by the Royal Mint of the total amount coined up to
the date named, these heads may be valued approximately at 68’5 million kronor.
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