MONEY AND CKEDIT
619
must te determined at the crossing of the frontier. The commission has to fix them according to the countries of origin or of destination, and only emploj' averages excep- tionally. Quantities are declared, but the administration may, and in the case of imports always' does, check the declarations. The weight declared is either net or gross, according to the tariff regulations. The recorded country of origin is that of production, and the country of destination is that where the goods are to be consumed. When the prime origin and ultimate destination are unknown, tlie most distant points of transit are re- corded. Trade by countries : —
Imports from
Imports fro m
Exports to
Exports to
(1910)
(1911)
(1910)
(1911)
1,000 crowns
1,000 crowns
1,000 crowns
1,000 crowns
Germany .
1,153,883
1,263,128
1,062,484
1,034,093
Great Britain^ .
228,729 131,022
229,815
228,042 i
219,452
Italy
141,629
228,390 '
222,133
Russia
167,212
209,215
90,988
96,199
Switzerland
84,732
85,366
105,852
112,096
Turkey
52,008
60,317
128,757
125,516
Rumania .
52,163
78,150
102,929
nl23,974
Servia
11,817
42,612
17,304
37,356
France
112,376
112,417
76,166
74,955
Netherlands
22,193
24,747
26,004
23,966
Belgium .
48,648
50,217
24,116
22,128
Esjvpt
33,735
35,419
35,112
39,917
British India
214,038
219,739
68,624
51,574
United States .
236,920
289,760
81,352
58,452
Brazil
59,203
75,376
10,762
11,693
Greece
20,044
19,753
18,370
15,479
Dutch India
28,552
37,893
1,640
2,116
Republics of
'
America .
55,170
65,643
19,763 '
25,328
1 And British possessions in the Mediterranean.
The value of gold, silver, and bullion imported and exported was in 1910, imports, 43,101,000 ; exports, 80,930,000 crowns ; in 1911, imports, 41,413,000 ; exports, 132,915,000 crowns.
The following table shows the commercial intercourse between the United Kingdom and the Dual Monsreli}' for 5 years : —
1007
Imports from Austria-Hungary into United Kingdom .
Exp'U'ts from United Kingdom into Austria-Hungary .
£
l>, 796, 2.36 4,620,449
1908
1909
1910
£ £ £
7,758,478 I 8,085,597 i 7,511,865 4,314,997 3,536,750 \ 4,001,053
1911
£ 6,911,943
4,679,268
Money and Credit.
The only State bank isthe Austro-Hungarian, formerly the National Bank (Nemzeti bank). The bank, during the continuance of its privilege, has the exclusive right to issue bank-notes. The charter of the bank, which expired at the end of 1910, has been renewed and, extended to the year 1917. • Of the sum total of bank-notes in circulation, at least two-fifths must be covered by the supply of metal, silver or gold, coined or in bullion. When the amount of notes in circulation exceeds the amount necessary to cover them by 600
