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509

(1904) Author: Gustav Sundbärg
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Full resolution (JPEG) - On this page / på denna sida - Second part - V. Occupations and Industries. A general Survey. By Prof. P. Fahlbeck, Ph. D., Lund, Member of the Riksdag - National Wealth

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NATIONAL WEALTH.

509

t) Claims on Foreign Countries. The calculable amount under this head
was 98 million kronor at the close of 1898, according to bank reports. Private
property in foreign countries in the form of foreign bonds, real property in foreign
parts, and claims for freightage cannot be assessed.

m) Articles that do not enter into the above categories and that must
remain unassessed by reason of want of data, are such movable properties of
the Stale as objects of art, munitions of war, the naval fleet, and fortresses.

Foreign Liabilities. At tho close of 1898 the total amount of Sweden’s
liabilities in the shape of foreign bonds, according to the statements of the
respective issuers, was 460 million kronor, and the indebtedness of banks at the
same period was 50 millions. To this is to be added the amount of Swedish
bills held in foreign countries, probably about equivalent to that of foreign bills
in Swedish possession, that is, about 40 million kronor, and also possessions held
by foreigners in Sweden to the approximate amount of 20 million kronor. The
value of Swedish notes in foreign possession and of foreign claims for freightage
do not admit of calculation. Thus, the grand total of liabilities to foreign countries
and of the possessions in Sweden of foreigners was 570 million kronor at the
close of 1898.

If now the totals under the headings above be compared with those
for the year 1885, the result arrived at is shown by the following
tabulation:*

In 1885. In 1898.

Landed Property.................................................... 3,092,900,000 kr. 3,100,100,000 kr.

Other Real Property ............................................. 1,458,500,000 » 2,348,700,000 »

Live Stock............................................................ 441,000,000 » 465,000,000 »

Agri cultural Dead Stock.......................................... 139,000,000 > 163,000,000 »

Stores, Machinery, Personal Movable Property, etc. ... 1,380,000,000 . 2,324,000,000 »

Mines and other metalliferous deposits..................... 43,100,000 > 91,700,000 »

Fisheries and Fishing-Waters ................................ 36,500,000 > 45,000,000 »

Means of Communication ....................................... 442,200,000 » 760,700,000 .

The Merchant Navy................................................ 79,400,000 » 104,000,000 »

Bullion and Specie ................................................ 43,700,000 • 68,500,000 >

Claims on Foreign Countries.................................... 50,000,000 » 98,000,000 »

Total 7,206,300,000 kr. 9,568,700,000 kr.

Deductions for Foreign Liabilities ........................... 664,000,000 » 570,000,000 »

Surplus 6,542,300,000 kr. 8,098,700,000 kr.

Hence, in the space of these thirteen years the national wealth has
increased from 6,542 million kronor to 8,999 million kronor; or by a sum
of 2,457 million kronor. As the population of Sweden at the close of
1885 was 4,683,000 and at that of 1898 was 5,063,000, the amount of
wealth per individual works out at 1,397 kronor in the first case and
at 1,777 in the second.

This forms undoubtedly a very considerable increase for compara
tively so short a period. Specially noteworthy is the enormous rise in
the value of movable property, under which heading are embraced both
wares for consumption and movable capital (in the form of stores,
machinery, specie etc.). Of real property again, buildings, factories etc.
(real property not in land) have increased in value very much, while

* A krona = 1-10 shilling or 0 268 dollar.

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