. Agricultural and industrial progress in Canada. Agriculture; Agriculture. / \ 1 /-?-/('Ky ii\Dii\ til MLUONS DOyRS 300 D0LUR5 1400 mm 200 100 1000 ONTH ERWG •I—f-t—^"^ <;old fl89,40(,000 1922 1 ' I— Dominion Notes in thi hand, of the public and Gold held against 1922 «-l,l64,|l) •str Savings Deposits in Canadian Banks: and Current Loans. Currency A LESS volume of money is obviously doing a greater amount ol work in Canada—that is,financing a larger \'nlume of trade trans- actions per dollar—than lias been the case for many a year. The total circulation of paper money declines. O
. Agricultural and industrial progress in Canada. Agriculture; Agriculture. / \ 1 /-?-/('Ky ii\Dii\ til MLUONS DOyRS 300 D0LUR5 1400 mm 200 100 1000 ONTH ERWG •I—f-t—^"^ <;old fl89,40(,000 1922 1 ' I— Dominion Notes in thi hand, of the public and Gold held against 1922 «-l,l64,|l) •str Savings Deposits in Canadian Banks: and Current Loans. Currency A LESS volume of money is obviously doing a greater amount ol work in Canada—that is,financing a larger \'nlume of trade trans- actions per dollar—than lias been the case for many a year. The total circulation of paper money declines. On 11 lo other hand the amount of gold in reser\o against that paper tends to rise. Taken in conjunction with the fact that the Canadian dollar, though not on a gold basis, is to-day exchangeable for an American dollar which IS on a gold basis at practically par, Canada is to be congratulated. Mim()NS18n9,Z0|?l COLLARS 300 Banking AUGUST still shows Canada's banks with ^t~\niore savings deposits, , money to lend (theoretically) than loans. The Dotted line however is likely to pull up in the next few months and over-ride the Solid line for a time as the wheat crop calls for finance. That is the usual condition and the banks are in excellent position to meet The opposite chart dealing with Assets and Liabilities shows the banks in a generally conservative position. Too small a proportion of Quick and Liquid Assets to Liabilities may mean profitable banking but banking in which the factor of flexibility is low. Too high a proportion gives flexibility without much profit. The situation seems fairly between these extremes. Railways A MUCH greater rise in the line of Ton- Miles Carried (left hand lower charts) may be expected as the wheat crop movement is reported. Operating Expenses continue high but the outlook for confirmation of wage reduction is good. Gold against Bank Notes is made up of three items: Specie held by Banks; and the Cold, as dis- tinguished
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectagriculture, bookyear
