The Balance of International Payments of the United States in ...

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U.S. Government Printing Office, 1924
 

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Página 64 - August 14, and after five days' study and consideration have agreed upon and will recommend a plan of prolongation of such credits to the numerous creditor banks and bankers for their acceptance. This agreement provides for the continuation of credits to German debtors up to the total then outstanding for a period of six months from the date of the signing of the agreement, subject to an arrangement being made with regard to the existing central bank credits. An individual agreement in an approved...
Página 34 - ... SEC. 3115. If the owner or master of such vessel shall, however, furnish good and sufficient evidence that such vessel, while in the regular course of her voyage, was compelled, by stress of weather or other casualty, to put into such foreign port and purchase such equipments, or make such repairs, to secure the safety of the vessel to enable her to reach her port of destination...
Página 22 - ... States Government on account of diplomatic missions, naval ships in foreign ports, etc., were assumed to be offset by the expenditures of foreign governments for similar purposes in this country and by consular fees collected abroad. Among the items entering into the estimates for years subsequent to 1926 are: Receipts from Germany on account of the cost of the Army of Occupation and awards by the German Mixed Claims Commission; receipts from Panama Canal tolls; naval and military expenditures...
Página 72 - This item takes account of all reported security movements between the United States and foreign countries and includes international sales and purchases of long-term issues, new underwriting, sales and purchases of properties not represented by security issues, and security transfers resulting from redemption and sinking-fund operations.
Página 1 - Immigrants' remittances abroad. Expenditure of American tourists abroad. United States Government expenditure abroad. Capital items: Credits (invisible exports) — . ., Foreign loans matured and paid. Foreign securities resold abroad. American securities sold abroad. Debits (invisible imports) — Foreign bonds issued in United States. Foreign securities issued abroad but sold to Americans. American securities formerly held abroad resold to Americans. Other foreign investments, such as establishment...
Página 58 - Excess of credits or debits on capital transactions Excess of credits or debits on all transactions of the year. Net change in foreigners...
Página 56 - Government or by a foreign government — can be analysed by this simple formula : Whatever tends to diminish an item in one column of the balance of payments tends to promote every other item in that column and to detract from every item in the other column. It is often said that imports (visible and invisible) must be paid for with exports (visible and invisible). This is true of totals, but because of the detractive influences, it is untrue of an individual item.
Página 51 - The Balance of International Payments of the United States in 1927. By RAY HALL, with a Foreword by HERBERT HOOVER.
Página 52 - Visible Versus Invisible Trade. An invisible export is whatever thing or " satisfaction " a country parts with or whatever service it renders, in any international transaction which tends...
Página 7 - Mellon, in the report of the Secretary of the Treasury for the fiscal year ended June 30...

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