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