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26 II. THE INDUSTRIES OF SWEDEN.
Table 7. Estimated Value of the National Wealth. In thousands of kronor.
Average increase per annum
1886 1898 1908 from 1885 to 1898 from 1898 to 1908
mill. kr. % mill. kr. %
Landed Property..............3 093 000 3100 000 3 679 000 0’5 0’02 57 9 1*78
Other Real Property..........1459 000 2 349 000 4 667 000 68’5 3.73 231’8 7’09
Livestock....................441000 500 000 660 000 4-5 0’97 16 0 282
Agricultural Dead Stock . . . . 139 000 180 000 322 000 3’2 2’01 14’2 5’99
Stores, Machinery, Personal
Movable Property..............1380 000 2 272 000 3 711000 68 6 3 91 1439 5 03
Mines and other large
Metalliferous Deposits..............43 000 92 000 518 000 3’8 6 03 42’6 1886
Fisheries and Fishing Waters . 37 000 45000 86 000 0’6 152 4’1 6’69
Means of Communication . . . 442 000 761000 897 000 24’5 4 27 13’6 1-66
The Merchant Navy............79 000 104 000 163 000 1’9 2 14 5’9 4’60
Bullion and Specie............44 000 69 000 111000 1 9 3’52 4 2 4 87
Claims on Foreign Countries . . 50 000 98 000 331000 3 8 5 31 23 3 12 94
Total 7 207 000 9 570 000 15145 OOO’181-8 2-20 557 5 4 70
Deductions for Foreign Liabilities 664 000 570 000 1332 000 —7 2 —1"18 76 2 8 86
Balance G 543 000 9 000 000 13 813 000! 189 0 2.48 4813 4 38
Per Head of Mean Population 1403 • 1787 2 557 — — — —
cular, carried forward at an increasingly rapid pace the development
which set in during the nineties of the last century. During this time
a great number of "new values" have been created, or, as in the mines of
Lappland and the water-falls, so to speak, been discovered and converted
to use. But one factor accrues that makes the increase of value appear
greater than it actually was: the decreasing value of money made itself
felt precisely during this decade. How much of the increase during this
time is to be put to that account, it is by no means easy to say. A
detailed investigation of this question is given in Flodström s above-mentioned
work, pp. 283 foil., to which the reader is referred. But, even if the figures
for 1908 must me reduced by from 8 to 10 % in order to bring them
into line with those immediately preceding, nevertheless the increase as a
whole has been very considerable. The Swedish national wealth has grown
enormously in the course of the last quarter of a century, and is increasing
yearly by considerable amounts. These are the gratifying facts which
these assessments reveal. That the national income, i. e. the yield of work
with the aid of capital, has risen still more, is proved by the increase of
assessed income (see above), as well as by the greatly improved
conditions of existence in all classes of society during this period.
However, there is a dark spot in the otherwise bright picture: the
greatly augmented debt to foreign countries. This however, hangs
together with the rapid development of industrial life as a whole, and of
communications in particular; one seems thus justified in hoping that
Sweden’s debt to foreign countries will gradually diminish.
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