QUARTERLY BULLETIN STATISTICS ST A TISTIESE KW ART AALBLAD

QUARTERLY BULLETN OF STATSTCS ST A TSTESE KW ART AALBLAD No 27 MARCH MAART 1953

OONTENTS Ohart lvv Review v ~ble BANKNG AlO) l1nance L SA ReMJrve ~k l ~ L Oornmerelal Banka H People'l Bankl a v n Bank v Depol~Recelvtnl ntltuuoru '7 v Other Trult Companies vi TJ'Ultueta in PHt Otnoe Savtn1 Bank 9 lx Union Loan Oertlflcate 9 : Bulldln Sooletltlll 10 d Natlollal Jrtnanoe Corporation 10 dl Land and Arrleultural Bank 11 du Bank Deblu U dv Money n otrcujuon 11 n Veloclt:J' or Demand DepoU 11 ill JNHOUD BladA:y Gratleke lvv Oonl xlv Ta llel BANKWESE EN FlNAN8JES L Suld AlrlkaanlMl Beeerwebank 11 U landelbanke ill Volktbanke & v Lenln banke v Depoaltonemende lnltelunrl '7 ' 1 Ander Trul tmaatskappye v TrUitbate vlu Poupaarbank ls: UnlelenlnrlMlrWlkate 8 : J>e rmanente Bouverenlrlnr 10 d Nulonale Flnanllekorporule 10 d Land en Landboubank 11 xu! Bankdebette U :dv Geld n omloop 11 xv Omlooplnelheld van onmiddelllk opelbare depoalto'l 11 :vt Oonake van veranderlnr n celd n omloop 14 1:vll RentekoenM 1& xvu! Rentabllltelt van taataeffejde U :ds: robaruteabul'jlm et'lektebeun :u [ndekm van aandelepryn 17 vt Cau_ of Chanl'es n Money n Clreulldlon t xv lntel'mt Bates 16 :lvll Government Bond Yield 15 xh Jobannesburl' Stook Exabanre 18 XL ndue of Share PrieM 1'7 s:u Stoek Exabanre Tranaaetlonl ' :u1 Effeklebeuntransak ' u:tl Companle Rerll tered 18 rul M_tskappye rererltreer 18 :0111 Forell Zxebanl'e Rates 20 :olu Wllltllkoene to v Gold TrarulacUonl :01 GoudtranlAklletl llsv Poreln EJ::ohane TranaaeUon u:v Bullelandie vajutatranaakales 1:xvL Real Eltate Transaetlonl llxvl Tranuklles n vute elendom llsyll GOYftrnment Ftnaftc:e ll:vll StaaliOnanll PRCES PRYSE %n'ul ndexm of Prll)H u:vtl Jndekltl van prylml TRADE AND TRANSPORTATON JfANDEL EN VERVOER sds BetaU SaZel s:xjs Klelnhandell verkoplnrl ~ South Alrlcan Ba1ways xu: SuJdAfrlkaanlMl SpooJ'Wee :a:sj New Motor Vehicles BeilJtered ll:rl Rerlltru1e van nuwe motoryoertuie 21 xu:l Foreln Trade u:rll Bulteland handel 1'7 PRODUCTON AND EMPLOYMENT %EdL MiDorai rroduotion U PRODUKsm EN WEBKVER~O u:xlli Mlnerale prcldukaje U xu:t Emplo)'Dent t9 xu:tv We rkverakafllnl' H xu:1' Electric Current Generted 29 xxxv Opewekte elektrlese troorn xuvl Bulldin&' 30 xu:vl Boubedryt NATONAL ACCOUNTS NAS10NALE REKENlNGE xu:vu Ntlonal ncome 31 J:X%VU VoLkAlnkoJlle t ~UL nvestment S2 J::DVJl Beleln x:uis NUonai Account aa44 :uxl Nulonale rekenlbe BALANCE 0 PAYMENTS BETALlNGSBALANS sj BaU)t of Papneata S5M sj Betallnl'lbalans NOT& _ Where ftt'uru ara ~ven to certan deltet ot approximation the total shown don not neceuartly equal the um or t oonltltuent tem N OTJ _ WolDMr ayt tot '11 bepaaldl 1Jra&d van benaderlllc 1' word ; di e aade~we tota&1 Dl' DoodwlDd~ rej)'k aad dla 10m van dlle nle

lv NAOORLOGsE EKONOMEsE TEN DENSE N DE UNE NDEKSE: 1948=100 MONEY AND BAP«NG 0 1 ~ 0 0 '00 ' _c_ r GEL~ EN BAN<WESE 1';;' ''''' / ~i ~ ~~ ''''''' / \ ~ ;:;F\ F : ~:'~T\) / ~ u 01 AHit' V A AA 1\ ll / ~ rfn V N ~ ~ _0l ''~ otsmf ' 1951 1951 HO SHARE PRCES AANDEL PRYSE ' 0 0 o f\ '01 00_'''' 4'*' '''1 _'''_ ~ \ /::: _? ~ O O ' ODUC''''' ~ }~~ ~ ~V:: ~ 1 1 U '''0 U PRCES PRYSE HO~r~~~~~~'r~ ~4+~4~~+~ ' ' RETAL SALES KLENHANOElSVERKOPNGS JOHANNUUAG ''1_0 Ai / V V' 0< rv l~ VJ '950 VV /\ '~t+++1c~~ '

v POSTWAR ECONOMC TENDENCES N THE UNON NDEXES: 1948=100 ~E EMPLOYMENT ~ '''' WERKVERSKAFFNG '00 'CT' 'D ~CNC V'C~l ot uc'''''''''' 00(>1 0 ~u l ' 1rJj NF W ~ M ~_~ ~ r\ fv ' '' ' ' S A RALWAYS5ASPOORWEt um ' ' ' lu 1'49 1950 1951 1952 '''' '''' '00 ll '00 Y UJ tu u T_ v' PRODUCTON PRODUK5 ';' faj OlO ~ l /' <Do _ /'kr ~OO' : ~' ' 1 1947 ' 1910 1951 1912 ~ y 00 0 '00 0 ' v' _'LW Y U '_'Tl V y rv r' /'' ' '00 l' FXED PROPERTY VASTE EENOOM '''''''''WlC> MOtTl 00' ~ OC''''' ~1 1oO V Ah ' f ~ \]v A '0000 n un u un ' UCTOO ' YO 10 'J r' 'r r'''l ~D' '00 r ~'f ~ 0 1951 '' 1950 1951 '952 '''' ' ty rv V t

REVEW OF n the following pages as in former yean ad attempt is made on the basis of the available atatistical informalion to review briefly the trends in the various sectors of the Union' economy in order to obtain a composite picture of the country's economic development during the year just passed As a background thereto it may be well to slart by recalling that from the review of a year ago which covered the Union'! economic development during the year 1951 it appeared that the sharp postdevaluation upward movement in the country's economic activity durina; 1950 was continued during the first half of 1951 but considerably slowed down dur~1 the second hal{ of that ycar During the year 1952 manifold exlcrnaj influences had their effect directl y or indirectly on the Union' economy As examples of hese may be mentiooed the continuation of international political tensions; the further heavy expenditure on rearmament by a number of countries although signs of slackening in this respect appeared towards the end of the year; the balance of payments difficulties experienced by several countries notably in the sterling area which led 10 disinflationary monetary and fiscal policies as well as restrictions on trade; the considerable contraction in the supply of capital available abroad for investment in developing cou ntries like the Union: the international textile crisis which however sbowed signs of passing off towards the end of the year; and the declining tendency in world raw material prices On the other hand there were several internal [actors which also played an important part in shaping the Union's economic development during 1952 such b the rise in the interest rate structure and the accompanying monetary stringency; the more strict application of import control; the maintenance of price controls; and the continued shortage in mining labour as well as in traollportation servica Furthermore the year 1952 cannot be passed over without referring to the progress made in respect of several laraescale investment projects such as the South African Coal Oil and Oas Corporation the Phosphate Development Corporation am the CAtraction of uranium by a number of gold mining companies although the effect of these developments as well as of the expansion of electricitygenerating capacity should be felt more at a later date n regard to the statistical material' utilised in the fo llowing pages it should be mentioned that during &e year 1952 the Reserve Bank followed the lead of the nternational Monetary Fund and the United Nation by changiog the base year for au of itj iodexci from 1938 to 1948 The cbange to a poslwar baae year haa been made in view of the exceptional developmentj which have taken place in the vi ECONOMC CONDTONS N THE UNON N 1952 Union's economy during the war and posl war years it being felt that more realistic index numbers are obtained in this way The year 1948 has been chosen as the new base year because as far as can be judged at present from developments during the years 1946 to 1952 it would appear to represent an acceptable postwar norm As some of the series for example retail sales and stock exchange turnover are only available from 1948 the switch 10 th is year as the new bak period has had the additional advantage of allowing all of the available indexers to be placed on a comparable basis Unless otherwise stated therefore all of the indexes quoted 10 this review refer to the base 1948 = 100 PRODUCTON Agricultun The latest preliminary estimates of the Division of Economics lind MarketJ iodicate that the gross value of agricultural production which had increased from about 210 million in 1949150 to about 291 milion in 1950/51 declined to about 255 million in 1951{52 The decline of about )6 mi11ioll from 1950/51 to 1951/52 WRll almost full y accounted for by a decline of about 35 million in the value of the wool output namely from about 79 million to about 44 million which reflects the strodg decline in wool prices during this period The value or output or all other agricultural products combined declined by only 1 million namely from about 212 million in 1950/51 to about 21 1 million in 1951 /52 n regard to these figures it should be noted that they refer to the years ending 30th June and not to the calendar years 1951 and 1952 Mining Revised figures published by the Government Mining Engineer indicate that excluding quarry producu the value of the Union's total mineral production (largely based on sales figures) increased from 2038 miiljon in 195 1 to 2 144 million in 1952 compared with 193 3 million in 1950' The further increase from 1951 10 1952 was the result of increases in the value of most of the more important types of minerals produced and it appears that there was also a substantial increase in the physical volume of output Largely as a result of the coming into production of the Orange Free State mines S Helena and These value fljure5 ~ shown with lold calcullted t W ) per filk Ounce and tbey do not thererore include the dditionll re~nue rcoeived by the Od minint: comparue in respect or lold Od lor mlnullcturinj ptlrpokj nd durinj 19H in respect or variltions in official loki prica Thil dditional re~nue amounted to lbout 4 million in 19' 2 compared with aearl)' 7 million in 19S1 Dd lbout a million in 1950

vii Welkom towards the end of 1951 and the West Transvaal Mines West Driefontein and Stilfontein during 1952 the Union's gold production increased from 11516000 fine ounces in 1951 to 11 8 19000 fine ounces in 1952 or in ternu of value from 142 9 million to 1467 million The four mines mentioned accounted for an increase of 421000 fine ounces from 1951 to 195210 that all the other mines combined showed a decrease of about 118000 fine ounces which reftects the continued shortage of labour on the mine The amount of coal sold increased from 28768000 tons in 1951 to JO038000 tons in 1952 or in tenns of value from 1l6 million to 146 million while copper sales although declining slightly from 38500 toni to 37600 tons increased in terms of value from 84 million to 1 \6 million The sales of all other base minerals combined increased from 185 million to 219 million while the sales of precious metals excluding gold increased (rom 40 million to 47 million and those of diamonds declined Slightly from 163 million to 148 millio\ n regard to mining employment he average monthly index increased from in 1951 to 116 in 1952 but as will be seen from the chart below the monthly indexes excluding seasonal vanatlolls ftuctuated on an approximately conslant level during 1952 compared with a slight upward movement in J9SL ~ rt EMPLOYMENT ' ~ ~ _ACT'' Volume indexcli (t94' too) ~ PRODUCTON ~ Seuonally adjukn Manufacturing While no uptodate information is available regarding the total output of manufacturing industries in the Union it would appear that judging mainly from the index of employment there wu a further increase in the physical volume of output from 1951 to 1952 Considering also the ' trong incre!se in Union wholesale prices during this period it ilct:ms that the value of manufacturing output showed a substantial increase The index of manufacturing employment which had increased from 103 in 1950 to )09 in 1951 increased further to 112 in 1952 but as will be seen Crom the chart above the upward movement in the monthly indues during 1950 and 1951 was not maintained during 1952 when the trend remained approximately consta nt atthe level reached towards the end of 1951 Electricity The index of electric current generated afur adj~tment for seasonal changes indicates a continuation throu&hout 1952 of the fairly strong upward movement durin& 1950 and 1951 as shown 00 the accompanyina chart The average monthly index increased from 126 in 1951 to 135 in 1952 compared with 118 in 1950 Building After increblling from 1052 in 1950 to 1485 in 1951 the average monthly index of the value of building plans p;1ssed in the eighteen principal cities of the Union declined to 1151 in 1952 largely on account of a decline in the case of commercial buildings although there was also a decline in plana paued (or teiidential buildings As can be seen from the chart below the monthly indexes afler correction for seasonal movements showed a continuation during 1952 of tbe downward tendency which had set in durm the last few months of 1951 Similarly the indu of the value of buildings commenced in these cities showed a declining tendency durin& 1952 the average monthly index falling from 1519 in )951 to 1288 in 1952 compared with 1078 in 1950 The index numbers of building plaru passed and buildings commenced do not however provide a good indication of actual building activity during the periods to which they relate and it would appear from other available information that on an average monthly basis the activity in 1952 compared favourably with that in 195\ The sample figures of employment in the building and contracting industry collected by the Bureau of Census and Statistics for example showed an increase from 195 1 to 1952 while increases were also registered in the production of cement and buildin& bricks On the other hand taken on a monthly basis the index of employment tended 10 decline during the second half of 1952 from which it would appear that the downward movement in the value of building plans passed and of buildinas commenced began to make itself felt during the latter half of the year This is also in line with the available unemployment figures for the building industry which show that the average number of European and noneuropean artisans excluding natives registered as unemployed at Government Employment Exchanges was slightly higher in the second than in the first half of the year

viii BUnDrNG PLANS PASSED FOREGN TRADE ~ r'' ' 1!::CL'*l:~ 11100 t fu Value indejl: ~ (1948 ' 100) ~!::CJ'*J:::;'' 1f'0 '1101 SeaKlnal1y adjusted FOREGN TRADE Following the record levels established in 195 1 the value figures of the Union's fo reign trade showed a decline in 1952 While import control was considerably reined in 1951 with a view to strengthening the country's stocks it was again more strictly applied in 1952 especially in respect of consumers' goods so that the total imports of merchandise according to preliminary figures declined from about 410 million in 1951 to about 420 million in 1952 ie by about 50 million Excludi ng Government stores which increased by about 9 million the decline amounted to about 59 million and the part played by consumers' goods especiall y te:tliles and clothing in thi! decrease is rellecled in the fo llowi ng table which shows the changes in the a mounts imported by class of a rticle 85 classified ' by the Department of Customs and Excise : ncrease or Class of mports Decrease in Animals Agricult ural a nd Pastoral Products Food Drink and Tobacco _ Textiles Apparel Yarru and Fibres Metals Metal Manufactures Machinery and millions + 7 59 Vehicles _ + 3 Minerals Earthenware and Glassware _ + J Oils Waxes Resins Paints and Varnish 2 Drugs Chemicals and Fertilizers + Leather Rubber and Manufactures thereof _ 6 Wood Cane Wicker and Manufactures thereof 2 Books Paper and Stationery 2 Jewellery Timepieces Fancy Goods and Musical nstruments H' t _ iscellaneous H Total 59 n regard to the trend in the monthly figures for :he value of imports it will be seen from the chart above that excluding seasonal changes the strong upward movement during 1950 and the fint half of 1951 which had been considerably reduced d uring the second hal of 1951 was revened during 1952 the monthly indexes revealing a downward trend during the year As the prices of imported goods did not decline to the same extent it would appear that the physical volume of imports apart from being lower in 1952 than in 195 1 also showed a decli ning tendency during the year 1952 The value of the Union's exports of merchandise the published figures of which include gold products but excl ude gold bullion also showed a decline from 1951 to 1952 namely from about 347 million to about 332 mill ion This decline was principall y accounted fo r by a decline of about 16 miliiod in wool exports which reflects the decline in wool prices although there were other declines eg 35 million in the exports of gold products 45 million in maize exports 44 million in fruit exports a nd 15 million in coal exports On the other hand several increases took place notably the increase of about 47 million in the exports of copper As will be seen from the chart above the monthl y indexes of the value of exports (excluding seasonal movements) which had tended to decline during the last eight months of 1951 following the wool boom of the 1$1505 1 sedson increased again during the first five ' months of 1952 but then showed a declining tendency during the rest of the year n regard to the physical volume of exports excluding gold preliminary calculations indicate a n increase of about 5 per cent from 1951 to 1952 mainly on account of a rise in the group Animals Agricultural and Pastoral Products Correcting the preliminary import and ~xport values quoted above in order to take account of the Territory of South West Africa and to make various other adjustments for balance of payments purposes it is found that the imports of merchandise which had increased from 305 million in 1950 to 467 million in 1951 declined to about 417 million in 1952 mports from the dollar area declined by about 8 miuion from 195 1 to 1952 those from other nonsterling countries by about 14 mill ion and those from the sterling area by about 28 million The exports of merchandise excluding gold bullion gold products a nd ships' stores on the other hand which had increased from 209 million in 1950 to 281 million in 1951 declined sligtrtly to about 274 mill ion in 1952 The decline of about 1 million from 1951 to 1952 was the net result of decreases on the one hand of about 12 million and 2 million in exports to the dollar area and o ther nonsterling countries respectively and an increase on the other hand of about 7 million in exports to the sterling area Thus the country's trade deficit excluding gold which had increased from 96 million in 1950 to 186 million in 195 1 declined to about 143 million in 1952

x NTERNAL TRADE Judlinl by the indexes published by the Chambers of Commerce for lome of the principal orban areas in the Union it would appear that while the value of retail saln showed an increase in 1952 over thu in 1951 the physical volume of sales declined The avertae monthly indexes rdating to the value of turnover increased from 1081 in 1951 10 OB3 in 1952 in the case of Johannesbura from 1076 to 121 1 in the case: of Preloria from 1020 10 1063 U1 the ease of Cape Town from 1185 10 1236 in the case of East London and from 105 6 to 112 7 in the case of Durban Combinina thc5c figures the weighted aver1loae index for the five arells increased from 1066 in 195 1 10 1106 in 1952 ie by about 38 per cent As his increase was lower than the correspondina increase of about 100 per ceo in the Union's relail price index (excluding renl) it would appear that there was a decline in the physical volume of goods sold at retllil Considering he movements in the monthly indexes for the five areas combined and excludinl seasonal variations it would seem from the chart below that in the case of the value turnover the much reduced rale of increase durina 1951 compared with that in 19SO was approxima tely maintained durinl the fint half of 1952 but that during the second hall of the year the trend was s!iahtly downward n the C5C of the phyical volume turnover it appears tha apart from intermediary Huctuallons the downward movement which had set in during the!ttond hair of 1951 was continued durlna 1952 on RETAtL SALES ndue (t941 '' too) SA RALWAYS Seuou:aJly djused TRANSPORTATON The nettae monthly index of railway earnings in respect of transportation servi«j which had increased from 124 in 1950 to 141 in 1951 increased (unher to 146 in 1952 As indicated by the chan above thij funhcr increase in 1952 was largely accounted for by a strona upward movement in the monthly indexes exclooina seasonal varia tions during the firsl four month of the year the mnd beina slightly downward durin the telt of the year The index of total ton miles of revenueeaming traffic on the other hal\d apan from being higher in 1952 than n 1951 ahowed an upward tendency throughout the year 19$2 10 that it appean that relatively more and more oods in the lower rate aroups wue ttsnsponed during the last eight months of the year This 10 turn reftects the increase which look place in coal ttsnsponalion as well as the effect or the import control measures which were more strictly applied in respect or consumen' aoods BALANCE OF PAYMENTS Several notable chanes look place in the Union's balance of payments picture durina the year 1952 compared with 1951 As indicated under the heading Foreign Trade above the value of both imports and exports declined (rom 1951 to 1952 but since the decline in the rormer was about 43 million more than that in the lauer the country's trade deficit excludina lold which had increased (rom aboul 96 million 1950 to about 186 million in 1951 declined to about 14] million in 1952 Mler takina into accounl the Union' net lold output on the one hand and its dellcit in rupee! of cumn! invisible items (which increased during the year 1952 on account of increased dividends due to foreian investors and the Union's payments in respect of commitments in Korea) on the other it is found from preliminary estimates that tbe net cur rent deficit with the outside world which had increa~ from about nil in 1950 to about 104 million in 1951 declined to about 65 million in 1952 n regard to the lauer there were deficits of about 28 million in the finl quarter 27 million in the second quarter and 11 million in the third quarter while in the fourth quarter there was a small favour' able balance of aboul 1 million As rar as capital movements arc concerned the Union continued to how a ravourable balance in 1952 although on a reduced scale Prel im inary estimates indicate that the net inhow of private capital includinl trade credits and drawings under the uranium loan amounted 10 about 44 million while the Union Government drew about 10 million in the form of US dollars under the tbrd loans and revolvinl dollar credits and rtct:ived about Ci million in the (orm of a Swiss loan On the other hand there WAS a decline of about J million in the banu' shortterm rorein liabilities so that the tolal nct inftow of capital from all sources amounted to about $8 million in 1952 compared with about 66 million in 19SJ h a rhult of the net current deficit of about 65 million and the nel innow of capital of about $8 million he Union's total aold and foreign exchange holdinas ie of the RC5Crve Bank the

x commercial banb and the Union Government declined by only 1 million in 1952 compared with the drop of about 08 million in 1951 The decline of 7 million in the aold and forei&n excb~ulge reserves durina 1952 wu fully reflected in a decline in the aold reserva the total salesof lold and gold products for the year amountina to about 157 million compared witb a net lold output of about SO million MONEY N CRCULATON The quantity of money in circulation in 'the Union which had dropped from a peak filure of 464 million at the end of March 1951 to 437 million at the end of December of that )'ear declined further to 41 1 million at the end of September 1952 but with the balanqe of paymeola taking a favourable turn in the last quarter of the year the amount in circulation rose again to 439 million by the end of 1952 There was therefore a small net increase of about 2 million in the total money supply durina the year 1952 made< up of an increase of about 6 million in notes in the hands of the public and a decrease or about 4 million in the banks' current account depolits Analysinl the increase of 2 million on an ownership basis it il found that the money supply in the bands of the private 1CC't0r remained approximately constant while that owned by foreiln residents declined by about 1 million and that held by the Government' increattd by about 0 million TUminl to an analylit of the causes of chanles in the quantity of money in circulation it is found that the increase of about million in the total money lupply durina 1952 WU the net result of increaaea on (be one band of about 10 millioll in the Reserve Bank' investmenll in Union Government stock 6 million in ill discounts and advam:es to Government and quasi Government bodies 16 million in the commercial banks' investments in Union Government tock and Treasury bills and 14' million in their balances with the National Finance Corporation add of decreases on the o ther hand or about 2 million in the Reserve Bank's 10id and foreign exchanle holdinas and 21 muliofl in the commercial banu' discounll and advances while there wu also a bift of about 21 million from demand to time deposits with the commercial banks The substantial chanaes in the items mentioned above were to lome extent the result of the rise which took place in the Union' interest rate stjructure durina the year 1he bilher rates offered by the commercial hanks resulted in a strong increase in their fixed and savina deposits while the biaber rates charaed by them were reflected in a contraction of their diacounll and advances although it would appear that the decline in the latter was mainly usociated with other factors such as the decline in imports and inventories due largely to the tightcnina of import control On the other hand U a result of the hilher rates offered by the Government and the National Finance Corporation in conjunction with the decline in imports and inventories l ubstan tial amounts of hankins funds became available to the: Government The hiaher interest rate structure therefore not only caused a strona shift (rom demand to time deposits but also played an important part in the diveraion of bank credit from the private to the Government sector n so doing it acted as a curb aaainst any further lubstantial increase in the total money lupply in so far as the Government was in need of fund and would have had to make use or bank credit in any case The ract that the money supply in the hands of the private sector sbowed no change over the year in spite of this diversion of bankina funds to the Government sector means of course that these funds must have flowed back to the private 1CC't0r as a result of Government upenditure on goods and trviccs n regard to the shortterm movement in di!lcounts and advances of the commercial hanks it will be seen from the chart below that excluding seasonal changcl the trend was fairly stronaiy downward durina 1952 compared with the trool upward movement duriol 1950 and especiauy 1951 The average monthend index of discounts and advances was however still substantially hiaher in 1952 than in 1951 COMMERCAL BANKS' DSCOUNT'S AND ADVANCES BANK DEBTS o ndudina South African RailW)'l and Provincial Adminiltl'1l1ionJ 00 Detail or the: aual inc:\cut in the 'les announced by the OO'lCl'nmmt and the ious finandaj insiitulfom ha'le andy been &l'len n the June and 5epel:rlber 19j2 illuh 0' this Bulletin BANK DEBTS The averale monthly index of hank debits which covera all debits to current accounts in banks in the Union except Government accountl and whicb bad

xl increased (rom 112 in 1950 to 137 in 195 1 increased further to the new high figure of 147 in 1952 As indicated by the chart above the strong rate of upward movement in the monthly indejes exduding seasonal changes during 1950 which had already been substa ntiall y red uced during 195 1 especially during the second half of that yea r was still further red uced during 1952 the trend during this period being only very sl ightly upwa rd The rate of increase in the average monthly index of bank debits from 1951 to 1952 was substantially higher than that in the quantity of money in ciradation so that the index for the velocity of circulation uf the muncy supply rose frum 147 ill 1951 tu 164 in 1952 COMMODTY PR CES Commodity prices rose further during 1952 allhough in some insta nces declining tendencies appeared for the first time in many years The average monthly index of wholesale prices for au goods increased further from 1291 in 1951 to 1480 in 1952 ie by 146 per cent wbich rehects the net resull of an increase of 105 per cent in the case of imported goods and an increase of 175 per cent in the case of Un ion goods This higher rale of increase in the prices of Union goods than in those of imported goods during 1952 which was a reversal of the position during 195 1 can be more clearly seen from the shortterm trends in the monthly indexes shown on the chart below While the indej fo r imported goods continued to increase up to May 1952 and then sbowed a slight declining tendency during the rest of the year that for Union goods continued its upward movement to November 1952 and then declined in Decembert The lag in the prices of locally produced goods behind those of imported goods is clearly reflected in these tendencies WHOLESALE 'RCES ~ RETAL 'RCES oorll%? O1l1l nducs (1948 100) ;7 r See 110 chr!5 on p iv t n January 1953 tbe inde!{u of both importtd nd Union aoods showed further dtttiaes Retail prices also continued to rile the average monthly index standing at 1258 in 1952 compared with 11 57 in 1951 The monthly index rose from 1215 in December 1951 to 1290 in December 1952 and as will be seen from the chart above this upward movement was largely the result of increased food prices although it was also pardy accounted for by the fact that as stated by the Bureau of Census and Statistics the results of the Rent Census taken in May 1952 whicb show an increase of 103 per cent compared with June 1950 (ie an increase over a period of two years) have been incorporated in the September 1952 index On the other band it will be noted that the index of the prices of clothing actually showed a slight declining tendency during 1952 compared with a slrong upward movement duriog 1951 This cbange in the trend during 1952 reflects the effect of the international textile crisis referred to before n the case of agricultural prices there was a sha rp decline in the average monthly index covering all products from 182 in 1951 to 144 in 1952 This decline of about 21 per cent was accounted for by a drop in the average price of wool as reflected in the decline of about 42 per cent in tbe index for the group wool mohair hides and skins Excluding th is group the average monthly index {or all other agricultural products combined sbowed an increase of about 13 per cent While the average monthly indej of agricullural prices declined from 1951 10 1952 the trend in the monthl y indexes was actually upward during 1952 compared with a sharp downward movement during 1951 The index rose namel y from 144 in December 195 110 159 in December 1952 ie by about 104% which was the net result of the changes in the indejdl for the principal groups of agric:ullural products as shown in the table below: Group Percentage Cbange Mealies and kaffircorn + 63 Wheat oats and rye _ 81 lucerne and teff hay _ ~ _ + 141 Potatoes sweet potatoes onions and dry beans _ Wool mohair hides and skins Butterfat cheese milk a nd condensing milk Caltle sbeep and pigs Fowls turkeys and eggs + 1244 + 123 + 106 JJ + 64 Weighted average _ + 104 n regard to wool the weighled average price of all types of wool (based on prices actually paid for wool in the grease at public auction in Union harbours) stood at 5538 pence per lb in December 1952 compared with 5161 pence per lb in December 1951 while the average price of the seven principal type!! amounted to 7052 pence per lb compared with 6259 pence per lb respectively

x STOCK EXCHANGE TRANSACTONS Stock exchange activity continued to decline during the year 1952 The price index of the shares of producing gold mines declined from 102 in December 195 1 to 88 in December 1952 that of the shares of nonproducing gold mines from 87 to 82 and that of industrial shares from 74 to 57 respectively n each case the average monthly index was substan tially lower in 1952 than in 195 1 n regard to turnover the index which covers all transactions in marketable securities declined on an aver<lge monthly basis from 764 in 1931 to 390 in 1952 and the monthly indexes showed a strong downward movement during 1952 as can be seen from the chart below STOCK EXCHANGE TURNOVER REAL ESTATE TRANSACfONS _ ' 19» C f1 1»2 Value indcxes (1948 100) Seasonally adjusted REAL EST ATE TRANSACTONS As will be seen from the chart above the strong upward movement in the value of property transactions during 1950 which had tended to level out during 1951 was reversed during 1952 the monthly indexes revealing a slight downward tendency fo r this period although there was a revival towards the end of th e year The average monthly index declined from 925 in 195 1 to 897 in 1952 renecting the more stringcnt monetary condilions prevailing in 1952 NAT ONAL ACCOUNTS According to the latest estimates made by the Bureau of Census and Statistics the Union's total n this con~ctio n it!hould be mentioned that since the beginning or 19SJ a strong revival of interest n lold shares has taken place 1bc turnover indell for example folc rrorn 23' in December 1932 to '63 in January and 936 in Pebruary 19'3 geographical income increased from about 1227 million in 1950151 to about 1245 million in 1951 {52 but as a result of a strong increase in the ncome accruing to NonUnion Factors of Production as calculated by the Bureau the net monetary national income declined slightly from about 1125 million to abou t 1123 million respectively The increase in the total geographical income took place in spite of a drop of about 28 million in the income originating in Agriculture Forestry and Fishing (which renects the decline in the value of the wool output) as well as of small declines under the headings Gold Mining Trdde and Commerce and Railway Transportation and was accounled fo r by increases' under most of the other mai n heads of income as classified by he Bureau notably Private Manufacturing n l should be noted however that the Bureau's estimates of national income quoted above refer to tbe years ending 30th June and reflect therefore the full effect of the strong decl ine in the value of the wool output from the 195015 1 to the 1951/5 2 wool season Taken on a calendar year basis the decline in the va lue of the wool output between 1951 and 1952 was substantially smaller and from this as well as from such other information as is available at present it would appear that not only the geographical income but also the net monetary national income showed an increase in the calendar year 1952 compared with 1951 Very little information is available at this stage for the purpose of analysing the way in which the national income in the calendar year 1952 was spent by the Union's residents t would appear however thai largcly on account of a strong decline in investment in inventories there was a bigger drop in total investment ie in total capital formation from 1951 to 1952 than in the Union's current deficit with the outside world This would mean of course that there was a decline in tota l domestic savi ng and since domestic saving and consumption add up to national income it would appear that there was an increase in consumption ie in the current ell:pcnd iture of both the public and the private seclors CONCLUSON Summarising the tendencies noted above in the va rious sectors of the Union s economy it is fou nd that in spite of some declines which took place for example in the value of foreig n trade and in stock exchange and real estate transactions the Union's molletary volume of economic activity showed a further increase from 1951 to 1952 as reflected in the increases in the avenge monthly figures of a number of the indell:es reviewed such as the value of mineral prod uction the value of manufacturing outpu the Value of electric current generated retail sales railway earnings discounts and advances or

:tiii the commercial banks bank debits and national income Considering the shortterm trend during 1952 however it would appear that this remained approximately constant following the considerable reduction during the second half of 195 1 of the exceptional post<jevaluation rate of upward movemrnt during 1950 and the first half of 1951 The further increase in the monelary volume of ec<)nomic activity from 1951 to 1952 reftects the continued increase in the general level of prices rather than an increase in the physical volume of economic activity and it appears from the available information that the shortterm trend in the latter was slightly downward during 1952 n regard to the country's balance of payments and its national accounts the decline in imports from 1951 to 1952 caused a strong reduction in the net foreign current deficit so that the ratio thereof to the geographical national income declined from the high level of about 10 per cent in 1951 to about 6 per cent in 1952 Furthermore the decline in the net foreign current deficit more than offset the decline in the net inftow of capital in 1952 in the sense that it avoided any further substantial drain on the country's gold and foreign exchange reserves On the other hand in regard to capital formation it would seem that the ratio thereof to the national income showed a decline in 1952 compared with 1951 but it should be noted that thij was very largely due 10 a decline in investment in inventories The information available at present does not indicate any decline in investment in fixed equipment On the whole therefore it would appear thai in the economic field the Union entered a phase of relative stability in 1952 compared with the marked expansion in recent years T W de Jongh Statistician

xiv 1 OORSG VAN EKONOMESE TOESTANDE UNE N 1952 N DE Soos in varigc jarc word in die volgende bladsye gepoog om op grond van die bcskikbare statistiese gegewens kartuk! '0 oorsig tc gcc van die Reigings in die verskillende sektors van die Uoic se ekonomiese Jewe om sodoende '0 beeld van die land se ekonomiese ontwikkeling gedurende die afgelope }aar e verkry A5 agtergrond hiervoor kan verwys word oa die oorsi8 van '0 jaar gelede waarin die Unic se ekonomiese onlwikkeling gedurende 195 1 Bedek is en waaruil dit geblyk het dat die sterk opwaartse neiging in die land se ekonomiesc bedrywigheid gedureode 1950 volgehou is gedurcnde die eerste helfte van 1951 maar dat die tempo van tocoame anosien!ik afgencem het gedllrendc die weede helfte van daardic jaar Gedurcnde die jaar 1952 het menige eksteme {aklore direk of indirek 'n uitwerking op die Uoie sc ekonomicsc: gang gehad Voorbeelde hiervan was die voortdurende intemasionale politieke spanning; verdere groot uitgawes op bewapening van 'n aantal lande alhoewel lekeds van verslapping in hierdie verband teen die dnde van die jaar voorgekom hel; die belalingsbalansmoeilikhede wat verskeie lande ondervidd bet veral die sterlinggebied en wat aanteiding gegee hel lot monetcre en staatsfinansiele beleide ter bekamping van inhasie en ook lot beper kings op inlemasionale handel; die aansienlike afoame in die voorraad kapitaal in die bmteland beshlbaar vir belegging in ontwikkelcnde lande soos die Unie; die internasionale tekstielkrisis wat egter teen die dnde van die jaar lekens van verslapping getoon het ; en die dalcnde neiging in die wereld se grondstofprysc Aan die ander kant was daar verskeie interne fak tore wat ook 'n bclangrike rol in die Vnie se ekonomiese gang gedurende 1952 gespcel hel 5005 die slyging in die rentekoersstruktuur en die meegaande ge1dskaarste; die sttenger loepassing van invoerbchecr; die voortsetting van prysbcheer; en die volgehoue tekort van mynarbeid rowel as van vervoerdienste Verder kan die jaar 1952 nie daargelaat word nie sonder vermelding van die vooruitgang wat ten opsigte van verskeie grootskaalse beleggingsprojekle gemaat is soos bv die SuidAfrikaanse Stccnkool Olie en Gaskorporasie die Fasfaat Ontginningskorporasie en die onlginning van uraan deur 'n aantal goudmynmaal5kappye a1hoewe1 die uitwerking van hierdie ontwikkelings sowel as van die uitbreiding van die elektrisiteitopweuings kapasiteit tydens '0 later stadium meer gevoel behoort te word Wat die statistiese gegewens wat in die volgende bladsye gebruik word betref moet dit bier gemeld word dat die Reserwebank gedurende die jaar 1952 die leiding van die loternasiollale Monelere Fonds en die Verenigde Volkere Organi!l3sie gevf)lg bet deur die basisjaar vir al sy indekse van 1938 la 1948 te verander Die oorskakeling na 'n naoorlogse basisjaar is gcdoen in die lig van die buitengewone ontwikkelings wat gedurende die oorlog en naoorlogse pre in die Vnie sc ekonomie plaasgevind het aangesien dit gevoel is dat meer realistiese indekssyfers op hierdie wysc verkry word Die jaar 1948 is geneem as die nuwe basisjaar omdat dit rover tans geoordeel kan word op grond van die ontwikkelings gcdurende die jare 1946 tf)t 1952 n aanneembare naoorlog5c nf)rm skyn e veneeowoordig Aangesien sekere reeksc bv kleinhandelsverkope en aandelebeursomset slegs va naf 1948 beskikbaar is hel die oorskakeling nn hierdie jaar as die nuwe basislydperk die verdere vf)orded dat al die beskikbare indekse op 'n vergelykbare basis geplaas kon word Tensy dus anders aa ngedui is al die indekse wat in hierdie oorsig gemeld word op die jaar 1948 = 100 gebascer PRQDVKSE Lalldbou Die jongste voorlopige skattings van die Afdeling Ekonomie en Marke dui aan dal die brulo waarde van die Jandbouproduksie wat van oogevccr 2 10 mitjoen in 1949/50 tot rowat 291 miljoen in 1950/51 gestyg het tot omlrenl 255 miljoen in 1951/52 afgeneem het Die daling van ongeveer 36 miljoen vaoaf 1950/5 1 lot 1951 /52 word byna ten volle verklaar deur 'n afname van omlrent 35 miljocn in die waarde van die wolskeersel nj van ongeveer 79 miljoen lot omtrent 44 miljoen wat die slerk daling in wolpryse gedurende hierdie tydperk weerspiecl Die waarde van die opbrengs van aile ander landbouprodukle!l3am hel met slegs 1 miljoen afgeneem n1 van ongeveer 2 12 mitjoen in 1950/5 1 tol omlrent 21 1 miljnen in 1951 /52 n verba nd met hierdie syfers moet daarop gelet word dal hul op die jare gecindig 30 Junie betrekking hel en nie op die kalenderjare 1951 en 1952 nie Mynbou Gewysigde syfel's wat deur die Slaatsmyningeoieuf gepubliseer is dui daarop dal mel uitsluiting van steengroefprodukte die waarde van die Unie se totale minerale opbrengs (grolendeels op verkope gebaseer) geslyg bet van 2038 miljoen in 1951 tot 2144 miljoen in 1952 vergeleke met 1933 miljoen in 1950 Die verclere toename van 1951 tot 1952 was die gevolg van stygings in die Hierdie 1'UrdcsyfcT word ul\iqee met aoud bereken leen 204S/l per lyra OlS en huilluit dus Die die addisionele inkomste onl1'lln deur die oudmynmaalskappye to Y oud ~rltoop ir vervurdijjngsdoeleindes en aedurende t952 to' d:ommelinp in of6si& loudprysc in nie Hicrdie ddisionde inkomste het in 1952 Of:eveeT t4 mil}oen bcdi'll in ~rlelykin met by 1 miljoen in 1951 en onevm' U miljoen in 1950

xv waarde van opbrengs van meeste van die meer belangrike soorte minerale en dit wil voorkom asof daar ook 'n aansienlike toename in die fisiese omyang van produlcsie was Die Unie se goudproduksie het gestyg van 115 16000 fyn onse in 1951 lot 118 19000 fyn oose in 1952 of in waarde uitgedruk van 1429 miljoen lot 1467 miljocn hoofsaaklik ten gevolge van die bereiking van die produksiestadium deur die Dranje Vrystaatse myne St Helena en Welkom teen die end van 1951 en die WesTransvaalse myne West Driefontein en Stilfontein gedurende 1952 Die gemelde vier myne was verantwoordelik vir 'n loename van 421 000 (yn onse van 1951 tot 1952 sodal al die ander myne saam 'n afname van ongeveer 118000 fyn onse getoon het wat die voortdurende arbeidstekort op die myne weerspieel Die hoeveelheid steenkoal verkaop bet loegeneem van 28768000 ton in 1951 tot 30038000 ton in 1952 of in (erme van waarde van 136 miljoen tot 146 miljoen terwyl die verkape van kaper op 'n gewigbasis elfens gedaal het van 38500 ton to 37600 ton hoewel die waarde vlln 84 mitjocn tot 116 miljoen geslyg het Die verkopc vlln aile ander onedele minera!e salim het locgeneem van 185 miljoen tot 219 miljoen terwyl die verkope van edele meta e uitgesonderd goud effens loegeneem hel van 40 miljoen lot 47 miljoen en die van diamante gedaa l het van 16] miljoen tot 148 mitjoen Wal mynarbeid belref het die gemiddetde maande!ikse indeks van werkverskaffing van 113 in 1951 to 116 in 1952 lcegeneem maar SOO! op die onderstaande grafiek gesien kan word het die maandelikse indekse na aansuiwering vir seisoenskommelings ongeveer rondom 'n konstante pei! gedurende 1952 geskommet in vergelyking met 'n klein opwaarlse beweging gedurende 1951 ~ ~ ~ n WERKVERSKAPFNG 1 ~ v ou u uu PRODUKSE rrr ~ Volumeindekse (1948 = 1(0) AanJjlesuiwer vir seisoen*ommelinjs Nywerheid Alhoewe1 geen gegewena omtrent die totale fabrieksproduksie in die Unie vir die jongste tyd beskikbaar is nie skyn dit hoofsaaklik Ban die hand van die indeks van werlcverskaffing asoc daar 'n verdere loename in die fisiese omvang van produksie van 1951 tot 1952 was lodien die sierk styging in die Unie se groothaodelspryse gedurende hierdie tydperk ook in aanmerking geneem word wil dit voorkom asoi die waarde van die fa brieksproduksie 'n aansienlike locname andergaan bet Die indeks van werkverskaffing in die nywerheid wal geslyg het van 103 in 1950 tot 109 in 195 1 hel verder toegeneem tot 112 in 1952 maar 5005 van die boslaande grafiek aigelei kan word is die opwaarlse beweging in die maandelikse indekse gedurende 1950 en 1951 nie gedurende 1952 gchandhaaf nie en die neiging bet min of meer konstanl gebly op die peil wat leen die end van 1951 bereik is E/ektrisiteit Na aansuiwering vir seisoenskommelings dui die indeks van opgewekte e1ektriese slroom dwarsdeur 1952 'n voortselling aan van die taamlike sterk opwaartse neiging gedurende 1950 en 1951 soas op die boslaande grafiek aangedui word Die gemiddelde maandelikse indeks het gestyg van 126 in 1951 lot 135 in 1952 vergeleke met 118 in 1950 Boubedry/ Na 'n styging van 1052 in 1950 tot 1485 in 1951 bet die gemiddelde maandelikse indeks van die waarde van bouplanne goedgekeur in die aglien vernaamsle stede van die Unie afgeneem tot 1151 in 1952 hoorsaaklik weens 'n daling in die geval van besigheidsgeboue alhoewel daar ook 'n vermindering was in die planne wat vir woonhuise goedgekeur is Soos uit die gtafiek hieronder opgemerk sal word het die maandelikse indekssyiers na aansuiwering vir seisoensbewegings gedurende 1952 'n voortselling getoon van die afwaartse neiging wat gedurende die laaste paar maande van 195 1 ingetree het So ook het die indeks van die waarde van geboue waarmee 'n aanvang in hierdie stede gemaak is 'n dalende neiging gedurende 1952 geloon; die gemiddetde maandelikse indeks het nl gesak van 1519 in 1951 101 1288 in 1952 verge\eke mel 1078 in 1950 Die indekssyfers van boupjanne goedgekeur en geboue begin verskaf egler nie 'n gceie aand uiding van die werklike boubedrywigheid gedurende die ydperk waarop bulle betrekking het nie en dit wil ap grond van ander beskikbare gegewens voorkom asof die bedrywigheid op 'n gemiddelde maandelikse basis in 1952 gunstig vergelyk het met die in 1951 Die steekproefsyfcrs van werkverskaffing in die boubedryf versamel deur die Buro vir Sensus en Statistiek toon bv 'n toename aan vanaf 1951 tot 1952 terwyl slygings ook aangeteken is in die produksie van sement en boustene Aan die ander kant gereken op 'n maandelikse basis het die indeks van werkverskaffing gedurende die tweede heute van 1952 geneig om te daal waaruit dit skyn asof die afwaartse beweging in die waarde van bouplanoe

xvi goedgekeur en van geboue begio 'n uitwerking gedurende die tweede helfle van die jaar begin toon het Oil stem ook ooreen met die beskikbare werkloosheidsyfers vir die boubedryf wat aanloon dal die gemiddclde aanlal blanke en nieblanke geskoolde werkers uitgesonderd nalurelle geregislreer by die staatsarbeidsburo s in die tweede belfte van die jaar efens boer was as in die eerste helhe Leer rubber en fabrikate daarvan _ Hout rottang riet en fabrikate daarvan Boeke papier en skryfbeboefles _ Juweliersware uurwerke weeldearlikcls en musiekiostrumenle Diverse gocdere Totaal 6 2 2 5 ~ ' 00 BOUPLANNE GOEDGEKEUR BUTELANDSE HANDEL Waardeindek$e ( 1948 = OO) Aangcslliwcr vir seisoenskommelinas BUTELANDSE HANDEL Na die rekordpeil wal in 1951 bereik is bet die waardesyfers van die Unie se buitelandse bandel gedurende 1952 'n daling geloon Terwyl invoerbebeer in 1951 aansienlik verslap is met die oog op die versterking van die land se voorradeposisie is dit weer strenger locgepas gedurende 1952 veral OV verbruiksgoedere sodat die totale goedereinvoer volgens voorlopige gegewens gedaal het van ongeveer 470 miljoen in 1951 tot omtren! 420 miljoen in 1952 dws met ongeveer 50 miljoen Uitgesonderd regeringsvoorrade wat met naasleby 9 miljoen loegeneem hel het die afname ongeveer 59 miljoen beloop eo die rol wat verbruiksgoedere veral tekstiele en klere in hierdie afname gespeel bet word weerspieel in die volgende label wat die veraoderings aanloon volgens klas van iovoere soos ingedeel deur die Departement van Ooeane en Aksyns: Toename of lovoerklas Afname in miljoene Diere landbou en dierlike produkle Voedse! drank en tabak _ 7 Weefsels k1ere garing eo vesels 5 Metale metaalcabrikate masjinerie en voertuie Delfstowwe erde eo glaswerk Olie was harssoorle verfmiddels en vemisse Drogerye chemikaliel en misslowwe 3 3 2 1 Wat die oeigiog in die maandelikse syfers vir die waarde van in vocre (seisoensbewegings uilgesonderd) betref blyk dit uit die boslaande grafiek dat oadat die tempo van die sterk slygende beweging gedurende 1950 en die eerste belfte van 1951 aansienlik afgeoeem bet gedurende die tweede belfte van 195 1 daar 'n dalende neiging gedurende 1952 was Aall8esien die pryse van invoergoedere nie tot dieselfde mate afgcneem het oie skyn dit awf die fisiese omvang van invoere afgesicl1 daarvan dat dit laer was in 1952 as in 1951 ook 'n dalende cndens gedurende die jaar 1952 getoon bel Die waarde van die Unie se goedereuitvoer die gepubjiseerde syfers omvat goudproduktc maar nie staafgoud nie bet ook 'n afname getoon vanaf 1951 lot 1952 nl van ongeveer 347 miljoen 101 ongeveer 332 mii joen Hierdie daling was in hoofsaak e wyle aan 'n afname van omtrent 16 miljoen in woluilvoere wal die daling in wolpryse weerspieel hoewel daa r ook ander verminderings was by 35 miljoen in die uilvoer van goudprodukte 45 miljoco io mielieuitvoere 44 miljoen in vrugte uilvoere en 15 mijoen in steenkooluitvoere Aan die auder kant is verskeie loenames aangeteken veral die vermeerderi ng van ongeveer 47 miljoen in die uitvoere van koper Soos uil die bostaaode graliek blyk het die maandelikse indekse van die waarde van uilvoere (uitgesondcrd scisoensbewegings) wat geneig het om e daal gedurende die laaste ag maandc van 195 1 ntt die hoe wolpryse van die 1950/51 seisnen weer gestyg gedurende die eersle vyf maande van 1952 maar toe 'n dalende tendens gedurende die res van die jaar getoon Wal betref die fisiese omvang van uitvoere uitgesonderd goud dui voorlopige berekenings op 'n toename van sowat 5 perseot van 1951 tot 1952 hoofsaakjik weens '0 styging io die klas Diere landbou en dierlike produkte Word die bovermelde waardesyfers van invoere en uilvoere herbereken deur die insiuiting van Suidwes Afrika en deur die aanhring van verskeie ander korrenies vir betalingshalaosdoeieindes dan word gevind dat die goedereinvoer wat gestyg het van 305 miljoen in 1950 tot 467 mil joen in 1951 verminder bet tot ongeveer 417 miljoen in 1952 nvoere uit die dollargehied het met oogeveer 8 miljoeo afgeneem vanaf 1951 tot 1952 dil! uit ander niesterling laode met sowat 14 miljoen en die uit die sterlinggebied met ongeveer 28 miijoen Goedereuitvoere (met uitsluiting van staafgoud

xvii goudprodukte en skeepsvoorrade) aan die aoder kanl wat gestyg het van 209 miljoen in 1950 tot 281 miljoen in 195 1 het efjens gedaal tot omlrenl 274 miljoen in 1952 Die afname van ongcveer 7 miljoen vanaf 195 1 tot 1952 was die nelto resultaat van dalings aan die een kant van omtrent ( 12 miljoen en 2 miljoen in uilvoere na die dollargebicd en ander nieslerling lande onderskeidelik en van 'n loename aan die aoder klint van ongeveer 7 miljoen in uilvoere nft die slerlinggebied Dus het die land se handeistekorl goud uilgesonderd wat gestyg hel van 96 miljoen in 1950 tol 186 miljoen in 1951 afgeneem tot 143 miljoen in 1952 BNNBLANDSE HANDEL Geoordeel volgens die indekse gepubliscer deur die Kamers van Koophandel vir sekere van die belangrikste stedelike gebiede in die Unie wil dil voorkom lisof hoewel die waarde van kleinhandelsverkope in 1952 'n toename verge!eke mel 1951 getoon het die fisiese omvang van verkope afgeneem hel Die gemidde!de msandelikse indekse van die waarde van omset hel geslyg van 1081 in 1951 lot 1083 in 1952 in die geval van Johannesburg van 1076 lot 1211 in die geva! van Pretoria van 1020 101 1063 in die geva! van Kaapslad van J 185 to 1236 in die geval van OosLonden en van 1056 to 1127 in die geval van Durban ndien hierdie sylers saamgestel word in 'n beswaarde gemiddelde indeks vir die vyf gebiede toon dit 'n toename van 1066 in 195 1 lot J 106 in 1952 dws 'n loenlme van ongcveer 38 persent Aangesien hierdie toename kleiner was as die oorcenslemmende styging van sowat 100 persent in die Unle se klcinhandelsprysindeks (huishuur uitgesonderd) skyn dit asof daar 'n daling was in die fisiese omvang van goedere wat in die kleinhande1 verkoop is Wanneer die bewegings in die gesamentlike maandelikse indekse vir die vyf gebiede ontleed word wil dil voorkom uit die grafiek hieronder dat in die geval van die waarde van kleinhandelsomset ~ ' KLENHANDELS VERKOPE l ndebe (1948 = 100) SA SPOORWEE Aangesuiwer vir seisoenskomrnelinp die aansienlik verminderde koen van toename gedurende 195 1 vergeleke met 1950 naasteby gehandhaaf is gedurende die eerste helfte van 1952 maar dat die neiging gedurende die tweede helfte van die jaar effens afwaarts was n die geval van die fisiese omvang van omset skyn dit uof afgesien van tydelike skommeiings die dalende neiging wat gedurende die tweede helfte van 195 1 merkbaar geword het volgehou is gedurende 1952 VERVOER Die gemiddelde maandelikse indeks van spoorweg inkomste 10'0' vervoerdiensle wat gestyg het van 124 in 1950 tot 141 in 1951 bet verder toegeneem lot 146 in 1952 $005 deur die bostaande geatiek aangedui word hlerdie vcrdere tocname in 1952 in hoofsaak verklaar deur die sterk opwaartse beweging in die maandelikse indebe uilsluitende seisoenskommelings gedurende die eerste vier maande van die jaar aangesien die neiging effens afwaarts was gedurende die res van die jaar Die indeks van totale lonmyle van inkomste draende vervoer aan die ander kant was nie aileen hoer in 1952 as in 1951 nie maar het dwarsdeur die j:tar 1952 'n stygende lendens getoon sodal dil wi! voorkom asof daar relatief sleeds meer goedere in die lacr tariefklasse gcdurende die laasle ag maande van die jaar vervocr is Hierdie verskynsel weerspieel die loename wat in sleenkoolvervoer plaasgevind hel sowel as die gevolg van die invoerbeheermaalreels wat strenger toegepas is 10'0' verbruiksgoedere BETAUNGSBALANS Verskeie betekcnisvolle veranderings hel gcdurende die jaar 1952 in die Unie se betalingsbalans plaas gevind vergcleke met 195 1 Soos onder die hoof Buiteiandse Handel hierbo aangedui het die waarde van beide invoere en uitvoerc afgeneem van 1951 tot 1952 maar aangesien die afname in eersgenoemde ongeveer 43 miljoen meer was as die in laasgenoemde het die land se handelslekort goud uitge sonderd wat geslyg hel van sowat 96 miljoen in 1950 tot ongeveer 186 miljoen in 1951 gedaa1 tot omlrent 143 miljoen in 1952 Word die Unie se nello goudproduksie aan die een kant en sy tekort tov onsigbare poste op lopende rekening (wat gedurende die jaar 1952 gestyg hel weens verhoogde dividende verskuldig aan oorseese beleggers en die Unie se betalings 10'0' verpligtings in Korea) aa n die ander kant in berekening gebring dan blyk dit vol gens voorlopige skauings dat die nello lopende tekort teenoor die buitewereid wat geslyg het van nul in 1950 tot ongeveer 104 miljoen in 195 1 gedaal het tot omtrent 65 miljoen in 1952 Met betrekking tot iaasgenoemde was daar tekorte van ongeveer 28 mil joen in die eerste kwarlaa1 27 miljoen in

xviii die tweede kvrartaal eo 11 miljoco in die derde twarual terwyl daar in die yierde tvrartaal 'n klein Kunstige balans no sovrat 1 mil;oeo was Wilt tapitaalbeweginp better het die Unie '0 verden: auostige saldo gedurende 1952 Yeftoon hoewei teen 'n a[nemende skaal Voorlopige skattings dui aa n dat d ie neuo toestroming van private kapitaal insluitende handelskrediele en trektings teen die uraanlenings onaeyeer 44 miljoeo beloop het lerwyl die Uniereaering onlevecr 10 miljoeo in die vorm van VsA dollan teen die BHO lenis cn die: deurlopc:nde: dollarltrc:dicte: etrek bet en ongeveer S miljoen in die yorm van '0 Switserse lenina ontvang het AaD die ander kant wu daar '0 Yermindering van sowal 1 miljocn in die blnke K korttermynyerpligtinas tecnoor die buileland sodat die lotale oetto toestromina van kapitaal uit aile bronne in 1952 ongeyeer 58 mil jocn beloop het vergeleke met ongeveer 66 miljoen in 195 1 Teo evolge van d ie netto lopeode tekort van ongeveer 65 miljoen en die neuo tapitaaitocvloci van Owat 58 miljoen het die Unie se lowe gouden vailltabesit dw! d~ van die Rescrwebank die handelsbanke en die Unie reacrina in 1952 met slegs 7 miljocn afgeneem veraeleke mel '0 dating Vn onleycer 38 miljoen in 1951 Die a(name yao 1:1 miljoc:n io die goud en yalulabesit gc:durende 1952 is ten volle weerspieel in 'n dli ling in die goud reserwes; d ie lotale verkopinas van goud en goudproduk te vir die jaar het nl sowat L57 miljoen beloop vergeleke met d ie nello goudopbreogs va n ongeveer 150 miljoeo GELD N OM LOOP D ie hoeveelheid geld io omloop io die Unie wat verminder het van ' 0 hoottepunt van 464 miljocn aan die end van Maarl 1951 tot 437 miljoen aan die end van Desember van daardie jaar bel yerder afgeneem 101 4 11 miljoen l11n die end van Sc:ptember 1952 maar weens 'n gunstige wending io die betalinasbalans gedurcnde die llaste kwartaal vao d ie jaar het die hoeveelheid in omloop weer gestyg lot 439 miljoen teeo die eiode van 1952 Daar was duj ' 0 klein nello tocname van ongeveer 2 miljocn in die lotale aeldhoevcclheid gc:dureode die jaar 1952 bestaaode uit 'n Yermeerdering van iowlit 6 miljoen in banknote in die besil van die puhliek en 'n vermindenna van naasleby 4 mil;oen in die banke 50 onmiddellik opc:ilbare deposito'i 'n Ontleding van die toename van 2 miljoen volgens besitters loon aan dat die geldhoeveelheid in d ie hande van die private seklor naasleby konslan t Jebly hel terwyl dii in besit van uillandetl verm in der het mel ongeveer 1 miljoen en d i ~ gehou deur die Regeting' yermecrder hel met sowat 3 miljoen huluieulde Suid Afrikuo Spoorwtt m AdrniniJcruies Pr_i~1e lodien die oorsake vao die Yeranderinas in die bocvcclhetd geld in omioop nagegaan word dan word levind dat die styging van ongeveer 2 miljoeo in die tolale geldvoorraad gc:durcnde 1952 die oello gevolg WBJ van stygings aan die een kant vao onge veer 10 miljoen in die Reserwebank sc: beleggings in UnieataalSCffekle 6 miljoen in sy diskonteringe en voorskolle aan StaalS en scmj Slaatsliggame 16 miljoen in die handelsbanke se beleggings in Uniestaatseffekte eo skatkisbewyse eo 14 miljoen in hul saldo's by die Nasionille FlOanslekorporasie en van afnames aan die ander ltant van ongevccr 2 miljoen in dee Reserwebank se loud en buitelandsc valutabesit en 21 miljoen in dk haodelsbanke 50 diskonteringe en Yoorskolle terwyl daar ook 'n yerskuiwing was van ongevccr 21 mijjocn vanaf onmktdellik opeisbare na termyndeposito's by die handelsba nke Die aansienlike verandcrinlls in d ie poste hierbo genoem was tot '0 mate die &evoll van die styging wal gc:durende die jaar in die Unie se rentekoers strukluur plaasgeyind hel' Die hoer koerse deur die bllndelsbanlte aangebicd het 'n sterk styging in hul vaste en spaardeposilo's Yeroorsaalt terwyl die hoer koene deur hulle gevra w«rspieil is in ' n verminderinl van huue diskonleringe en voorskoue alhoc:w~1 dit skyn asof die vermindering in laasgenoemde en hoofsaak aao tnder Caktore verbonde was soos die daling in inyoc:re en voorrode groolliks as gevolg van die Yerskerping van invoerbthcer Aan die ander klint weens die hoer koer5o nnngebied dcur ~ie Regerina en die Nasionale Finansiekorporasle lesame met die acname in inyocre en voorrade het aansienlike hoeycclhede banuondse aan die Regering besltikbaar eword Die boer rentekoemtruktuur hel dus Die alleeo 'n sterk verskuiwina VllnsC onmiddellile opeisbare na termyodeposito's veroorsaak nie maar ook 'n belangrike rol aespeci in die verslcuiwmg van bankkrediet van die private na die Regering Kktor Sodoc:nde het dil as 'n demper op enige verdere ao nsienlike styging in die totale geld hoevc:clheid ged ien insoverre d ie Regering fondse bcnodig hel en in elk gev31 van bankkrediet gebruik sou moes maak Die feit dal die gcldvoorraad in die besit van die private sektor g«n veranderiog oor die jaar getoon het nie len spyte Vn hirrdic vrtskuiwing van banuondse 08 die Reaerinasektor beteken natuurlik dat hierdie Condse terug mots gev)oei het na die priv3te selelor as levolg van LaalSuilgawH op go«lere en diedste Wit die kortlermynbcweging in diskonteringe en yoorskotte van die handelsbanke b:trcr blyk dit uil d ie onderslaande graoek dll t uilgesonderd seisoenskommelings die neiging gwurende 1952 betteklik sterk afwaarts was vergeleke mel die sterk Betonderltede oar die werklikc yinp in die korne SOO unaekondla; ckur die Rrarrinl en YrrJcrie fuunjiac illsleuinp is l iruds unaqee n die Junie ea September 1952 uiepwn VD Jmrdic: blad

xix slygende lendens gedurende 19!50 en veral 1951 Die gemiddelde maandelikse indeks van diskonleringe en voorskoue was egler nog aansienlik hoer in 1952 as in 19!51 HANOELSBANKE : OSKONTERNGE EN VOORSKOrrE BANK OEBErrE goedere gedurende 1952 wat 'n ommekeer verteenwoordig van die loestand gedureode 1951 kan duidelik waargenecm word van die korttermynneiginas in die maandelikse indekse soos' op die ondentaande grafiek aangeloon Terwyl die indeks van invoergoedere nog aanhou styg het tot Mei 1952 en toe 'n dfense dalende neiging gedurende die res van die jaar vertoon het het dit van Vniegoedere sy opwaartse gana tot November 1952 volgehou en toe in Desember afgeneemt Die sloering in die pryse van plaaslik geproduseerde goedere tecnoor die van invoergoedere word duidelik in hierdie neigin weerspi~l G ROOTH NDELS PRYSE KLENH NDELS PRYSE Ward~indelrse (1948 100) Aanae5uiwer Yir Sl:isocnslrommelinas BANKDEBETE Die gemiddelde maandelikse jndeks van banl: debeue wat aile debeue teen lopende rekeniogs 10 banke in die Vnie dek uilgesonderd Regering!lrekenings en wal geslyg hel van 112 in 1950 101 137 in 1951 het verder toegeneem to die nuwe hoe pell van 147 in 1952 Soos op die bostaande grafiek aangedui het die sterk tempo van styging io die maandelikse indekse seisoensveranderings uitgesonderd gedurende 19!50 wat alreed! aansienlik afgeneem het gedurende 195 1 vera[ gedurende die tweede helfte \an daardie jaar nog verder vermi nder gedurende 1952 toe die tendens s[egs effens opwaarts wa Die koets van toename in die gemiddelde maandelikse indek! van bankdebctte van 1951 tot 1952 was aa nsien!ik hoer as die in die hoeveel heid geld in om[oop sodat die indeks van die omloopsnelheid van die geld hoeveelheid geslyg het van 147 in 195 1 lot 164 in 1952 GOEDEREPRYSeo Goederepryse het gedu rende 1952 verder gestyg a[hoewel dalende neigings in sekere gevalle vir die eente keer in baie jare voorgekom hel Die gemiddelde maandelikse indeks van groothandelspryse vir aile goedere hel verder gestyg van 1291 in 1951 tot 1480 in 1952 di met 146 persent wat die nello resultaat was van 'n toename van JO5 pe{5cnt in die geval van invoergocdere en 'n verhoging van 175 persent in die geval van Uniegoedere Hierdie boi!r koen van toename in die pryse van Vniegoedere vergeleke met die van invcer Sien oole: die rltiele: 01) bll jy ~V ~ M_ ndebe (1943 100) r2' Kleinhandelspryse het ook verder gesty! co die gemiddelde maandelikse iodeks het in 1952 op 1258 te stsan gekom vergeleke met 11 57 in 1951 Die maandelikse indeks het gesl g van 12LS in Desembcr 195 1 tol 1290 in Desember 1952 en SOO$ uit die boslaande arafiek afgelei kan word was hierdie opo waarl$e beweging groouiks die gevols van hoer vcedselpryse hoewel dit ook gedeejtelik toe e sby! is aan die leit dat soos deur die Buro vir Sensus en Statisliek verklaar die resullale van die Huisbuursensus wal in Mei 1952 opgeneem is wat 'n styging van 103 persent in vergelykiog met die syfen vir Junie 1950 loon (dit is 'n styging oor 'n tydperk van wee jaar) by die indeks vir September 1952 ingelyf is Ann die ander kanl sal dit opgemerk word dat die indeks van die pryse va n klerasie werklik 'n effense dalende neiging gedurende 1952 vertoon hel vergejeke met 'n sterk opwaartse beweging gedurende 195 1 Hierdie verandering in die oeigiog gedurende 1952 weerspicel die gevolge van die internasionale lekstic[krisis waarna voorhccd verwys is n die geval van landboupryse was daar '0 skerp afname in die gemiddelde maandelikse inqeks wat aile produkte omvat nl van 182 in 1951 tot 144 io 1952 Hierdie afname van ongeveer 21 penenl word verle:laar deur 'n vermindering in die gemiddelde prys van wol soos weerspicel in die daling van ongevecr t Tn Janurie 19j } het die indebe Yin beide inyou co Unieaoedere yerdere dalin'l ctoon J '

42 persent in die inleks vir die groep wol bokhaar huide en velie Uitgeslote hierdie groep het die gemiddelde maandelikse indeks vir aile ander landbouprodukte saam 'n toename van sowat 13 perscnt getoon Hoewel die gemiddelde maandclikse indeks van landboupryse gedaal het van 1951 lot 1952 was die neiging in die maandeliksc indeksc in werklikheid opwaarts gedurende 1952 vergeleke met 'n skerp afwaartse beweging gedurende 1951 Oit indeks het 01 gestyg van 144 in Oesember 1951 tol 159 in Oesember 19'2 di met ongevcer 104% ~ at die nelto resultaal was van vel1lnderings in die mdeksc van die vernaamste klaue van landbouprodukte soos in die label hieronder aangeloon: Perseotallie Groep verandering Mielies en kafferkoring M _ + 63 Koring hawer en rog ''''M + 81 Lusern en tefhooi O' + 141 Aartappels patats uie en droebone + 1 Z44 Wol bokhaar huide en velie + Z3 Bottervet kaasmelk en melk vir kondense ring + 106 Beute skape en varke JJ Hoenders kalkoene en eiel'l ' 64 Beswaarde gemiddelde _ + 104 Wat wol belfer hel die beswaardc gemiddelde prys van aile soorte wol (gegrond op pryse wat werktik vir vetwol op openbare veilings in Uniebawens betaal is) in Ocsember 19'Z op 553Sd per lb te staan gekom vergelekc met 51 6\ d per lb in Desember 1951 terwyl die gemiddetde prys van die scwe hoorlipes wol 705Zd per lb bcdra het vergeleke mel 6259d per lb onderskeidelik AANDELEBEURSTRANSAKSES Die bedrywigheid op die aande1ebeurs hel gedurende die jalr 195Z verder gedaal Die prysindeks van die aandele van produserende goudmyne het gesak van 10Z in Ocsember 1951 tot 88 in Descmber 195Z die van die aandele van nieproduserende goudmyne van 87 lot 8Z en die van nywerheidsaandele van 74 tot 57 onderskeidelik n iedere geval wu die gemiddetde maandeliksc indeks aansienjik laer in 195Z as in 19'1 Wat omsel belfer het die indeks wat aue transabies in verhandelbare effekte dek gedaa! op 'n gemidde!de maandeliksc basis van 764 in 1951 lot 390 in 19'Z en die maandeliksc indeksc het 'n sterk dalende neiging gcdurende 19Z getoon soos van die onderstaande grafiek acgelei kan word n hierdie verband moct dil vermeld word dal 'n s:erk oplewina in oudundele lederl die bqin van 1953 plauevind hel Die omsetindeh het bv gaty YDn ns in DescmbcT 1952 101 '63 in JanUlrie en 936 in Februarie 19S1 + EFFEKTEBEURS OMSET VASTE E1ENDOMS TRANSAKSES o Waardeindekse (1948 _ 100) Aangcsuiwer vir sei50cnskommelings TRANSAKSES N VASTE EENDOM Soos op die bostaande grafiek gesien kan word het daar in die sterk stygende tendens in die waardc van eiendomstransaksies gedurende 1950 wat geneig het om gedurende 19 op 'n meer konstante pcil te bewceg 'n ommekcer gekom gedurende 195Z toe die maandejiksc indeksc 'n elfensc acwaartse tendens openbaar het boewel daar 'n oplewing tccn die end van die jaar was Die gemiddclde maandeliksc indeks hel gesak van 925 in 19 tot 891 in 1952 wat die loestand van groter geldskaarste gedurende 1952 weerspicl!l NAS ONALE REKENNGE Volgens die jongste skaltings van die Buro vir Sensus en Slatistiek hel die Unie sc lotale geografiese inkome tocgencem van 12Z1 miljoen in 1950/51 tot 1245 miljoen in 1951/5Z maar weens 'n aansienlike slygi ng in die inkomste wat nieunieproduksiefaktore tockom soos deur die Buro bereken het die nelto volksinkome gcrekell (un heerscnde prysc efrens gedaal van Z' miljoen lot Z3 miljocn onderskcidelik Die l~n3me in dic totale geograficse inkomc hel plaasgevind ten spyle van 'n acname van ongeveer 28 miljoen in die inkome wat in Landbou bosbou en visscryc ontstaan (hierdie klas wccrspicel die daling in die waarde van die wolproduksie) sowel as van klein verminderings onder die hoocde Goudmyne Handel en Spoorwegvcrvocr en was veroorsaak d ~ ur tocnames onder meeste van die ander belangrike hoofde van inkome 500S geklassifiscer deur die Bure veral Privale fabriekswcsc ' Daar moet egter op selct word dat die Buro sc skallings van volksinkome hierbo gemeld hetrekking het op die jare geeindig 30 Junie en dus die volle uitwerking van die sterk daling in die waarde van

die wojprodujuie yanat die 1950151 to't die 1951/52 wolscisoen weer1pid!1 Gereken op 'n kaienderjaarbasis was die dating in die waarde van die wolskeerscillwen 1951 en )9'2 aansienlilr kltiner en hieruit Owel as uil ander inliating wat tans bcskikbaar is wi! dit voorkom asor nie aileen die geografiese inkome nie maar ook die nello votksinkomc op hurnnd~ pryu {;tbtuur 'n toeome in die kaltnderjaar 1912 vereieke mel 1951 geloon het Op die huidilt stadium il min cgcwcos bestikbaar vir die doel om ondersoek in t ltd na die wysc wurop die volksinkome in die kalenderjaar 1952 dtur die Unie se inwoner uitgegee is Oil skyn eater asof hoofsaaklik ween 'n sterk verminderina in bejcaaina in voorrade daar' 'n grottr dalina in totale beltggina was vanaf 19$ 1 10 1952 as in die Unic se lopende tckort ttenoor die buiteland Oit sou natuurlik heleken dllt dall r 'n afname in die totale binnclandse besparin8s was 'en aa ngesien binnelandse besparlnas plus verbruik gelyk is aan volksinkome wi! dit voorkorn asof daar 'n toename WBS in verbruik dws in die lopende uitgawes van heide die openbarc en dic private sdaor1 BBSLUT Word die bovermelde tendensc in die verskillende sektor! van die Unie se ekonomiese bedrywigheid snmgevat dan word levind dat len spyle van sam mige dalins bv in die waarde van buitelandse handel en in aandelebeurs en vule eiendomstransaksies die omvana van die Unie se ekonorruese bedrywigheid in termc: van tid emcel 'n verdere stylinl vanat 1951 to 1952 Cloon het soos weerspice! in die locnamej; in die lemiddelde mailldelikse syfers van 'n aantal van die indeksc wal behandel is bv die waarde van minerale produksie die waarde van fabrieksopbrenp die warde van eleklriese stroom opaewek kleinhandelsomsette spoorweginkomsle diskonlerin8e en 1oo~ko ll e van die handelsbanke bankdebcue en yolksinkome Wat die korttermyntcndens gedurende 1952 betref skyn XA' dil egter asof di~ min of meer komant gebly het nadat die buitenaewone lempo van opwaarue bcweging wal edurende 1950 en die cerstc bcute van 1951 op dcvalublie levoll het 'n ansienlike vermindering cdurende die lwccde belctc van 1951 onderaaan het Die verdere toc:name vlnaf 1951 lot 1952 in die OmV11lJ van die Unie SoC eltonomiese bedrywigbeid in termc van acid gemeel wcerspiel1 die verden stylina in die a!aemene pryspcil cerder u '0 toedame in die {isiru omvanl \1n ekonomiesc bcdrywiabeid en dil skyn op arond van die ~ikbare inligting uaf die kortlermynneilinl in lauenocmde effens afwaaru was cdurende 1952 Met bclrekkina tot die land se bctalingsball ns en sy nasionale rekeninge het die daling in invocre van 1951 lot 1952 'n sterk vermindering in die netlo lopende lekort leenoor die buitcland veroorsaak sodal die vcrhoudi nb daarvan lot d ie geograliesc volksinkome afgeneern hel van d ie hoi! peil van sowat 10 penenl in 1951 101 onaeveer 6 pcrsent in 1952 Verder het die verminderina VBn die netlo lopende tekort die afname in die nettn lotvloci van tlpilaal aedurende 1952 meer as vergned in die sin dat dit eniae verdere aansienlike dalin in die land 5C aoud en builetndse valutareserwes voorknm het Aan die ander klnt mel befre:kkina tnl beleaaiol wi! dil vcorkorn ajor die verhobciina dunan tnt die volksinkome 'n daling in 1952 veraelelte met 1951 aeloon hel maar daa mott op clef word dal hierdie verskynsel hoorsaaklik aan die dalina in bele:uin in vcorrade lot e skryf is Die inliatinj tans be:skiltbaar dui nie op enile fname in die beleuina in vasle uitruslinl nie n die leheel wi! dit dus vcorkom asol die Uole sc ekol'lomiese bedrywilheid 'n Cue van relatiewe stabiliteil aedurendc 1952 binnelelaan het in vergelykinl met d ie besondere uitbreidina aedurende die dlelope jare T W de Jona h S/0/S/kl3

LABLT E8LASTE sourn AFRCAN RESERVE BANK ( BA thou88nds) 1 DEPOSTS End ot Note8 in D l'08to's End Ciroulation' Banknote in omloop' Banken Government Bankie Staate 19U Deo{DO 19304 24302 1003 1939DocDo 20940 23721 4623 1940Doo{oe 24669 44284 2436 1941Dao fdea 30236 49633 166 1U D42Doo{De 3D761 1189ti6 2G73 1943Doo fdee 61176 124923 6379 19UDec{Dee 60026 1 6~224 4 10 1 1946Dec fdm 6803 1 184666 ln3 1946Dec fdee 66860 148236 30934 1947Dec{Dea 65789 168715 11687 1948Deo(Dee 68660 96463 6389 1949Deo{DO 68009 6393 1 4892 19!ODeo{Dee 76431 66884 32663 196 1 Dee fdea 85760 42296 18939 19112 Deo{ DO 91793 40793 22095 Other Andere 2010 4367 6955 7JH 611311 t329 7366 6265 6897 10960 10063 6287 9329 3 164 3014 Total Liabilitiea Gold Coin o r ~t ~d Totals Bullion' lu Ooudmunt of bate on FOTeifa Billa lt&afgoud Buite an<he WiMei8 6 1826 38611 7697 67466 44573 8008 8 1855 7 1 46~ 775 107117 73682 346 G3668 1 38 O~2 193137 23 13119 155091 1796 16 13363 24119 276293 206809 69043 269916 230681 11044 26217 1 1811 17 63068 190249 44966 3236 1 46410 611 6 1 1996 '''':1' 6 69746 94168 170186 67363 65850 187822 60266 119469 1961Jan 72383 sa834 38571 Feb 13059 69053 50044 Mar fllrt 76804 59319 63M3 Apr 76433 51514 48 11 2 MayfMei 71711 45263 48456 Jon 78633 41841 42381 J ut 79293 39627 39915 A 711761 43283 38344 Sept 80313 45316 24711 Oct{Okt SO621 41468 19241 Nov 82316 0171 1874 1 Dao{DN 86760 42296 18939 1962Jen 81493 39174 23241 Feb 81741 43360 38020 Mar{llrt 82823 39287 34886 Apr 83953 394 26299 MayfMei 86276 3 ~ 2U6 23285 J~ 86412 40677 169 15 ::rui 87610 41804 11940 Aug 87 173 39280 16317 Sep~ 86892 51607 1215611 Oct fokt 87666 4308\ 11866 Nov 88782 4114t 21697 Dec/Dee 11 1793 (6793 22096 963Jan 8764 41610 22919 Feb 87616 40787 32649 Mat fmrt 15217 4740 3439 8360 11343 7623 3721 366 t 19 11 3849 4896 3164 2480 1844 21 44 1643 6783 1966 4407 1827 2336 3474 1860 3014 2050 1812 198926 71605 91049 201287 73561 93992 206356 72704 96077 191397 74470 01426 198444 74371 93283 188007 74243 80043 180393 74338 73016 183273 74264 66945 170646 74479 65438 166616 13969 68290 166606 73837 61709 170186 67363 M 8SO 169023 67329 65046 186169 68397 66204 181284 69778 69761 17 1378 68236 66801 174663 572 16 70780 168 133 62318 66911 168014 53604 67827 166444 156463 58682 176890 615880 60073 168807 66219 630150 176339 66489 61 6W 187822 60265 69469 174128 68437 62888 1 ~ 865 61 1 57 67896 From June 1924 thill item includ811 the note of other bankl for which liability waa Bwned by the RMerve Bank 2 Up to June 1946 valued at COt; from the 30th JUM 1946 up to Decembor 1949 valued at the ljtatutory price or 17211 pet linn ounce; as from 311t December 1949 valued at the!low 8tatutory prioe of 24811 per line OWlCt! 3 Gold loan to UK Februory 1948 80 million 4 n tema of the Amendment to the South AfriCBn R_rve natk Act thill item haa been calculated from the 12th October 1948 alter deducting from the Bank'il liabilitiea to the pubho an aldount equal to it foreign B8ifte 6 Repayment of gold loan to UK Maroh to September 1949 80 miuion ~

8UJDAFRKAANSE RESEnWEBANK ( BA duwmde) ASSETSBATE FOREON EXCHANOE BOTltLUlD8E V6LOTJ Subeidiary Other Foreign Coin BalanOOll Total Paemunt Ander buitelandee Totaal aaldo'l 8U 103 ' 61 8869 101) 1668 2433 B74 2020 251 1867 2813 237 1697 14960 2346 26464 ' 263 1939 60982 263 66M 17609 302 7624 60692 382 3337 36698 327 1814 68966 '00 2090 96268 26 3463 69303 107 6013 74482 242 2889 93938 322 3033 97026 4034 991 Jl 293 ' 2737 94162 3126 96409 239 6746 8;5788 236 4887 '17003 192 4866 '1 1801 182 1970 157408 179 4989 63279 180 3666 Bt374 177 3463 69303 167 DOl 8TlO DJU8 D8COUNTJtD BNNEL&N08E OED8KONTEERD!: Wl88J!L Commereial Treaaury HtwdclB Skatkill 30 3 62 <0 1260 68 1000 1294 2W 87 260 1032 2W 2446 2W 2102 1'148 1992 3969 9168 <000 3217 68 1000 LoAN8 AND Ratio of Legal Aov&ll'OKS NVE8TlENTf Reeerve to LiabilitiBil L)!:N1N08 EN BJDl:OON08 to Public VOORllKO'l'T1!: Verhouding V&n wetlike reeerwe tat To Govem 10 Union FO'ign verpligtingj teenoor ment Other Binne Buite publiek Aan Staat Andere Unie 1M 1_ 1776 66'4 182 2661 66 8 3800 7< 1676 M 9 28134 404 3 2800 11 2 7269 62 2 1470 18949 46 9 11000 2164 9683 43 6 3 2689 41 1 6762 2989 91'4 8 189 2983 ' 73'6 11600 90927 1 3069 31 0' 14700 9694' 15610 60 0 6212 20464 14 71S 3 6610 19666 238 76 2 14792 ;9387 238 6 1 8 61 82 21096 14 71S 3 6042 18663 14 78 2 6810 18961 14 77 4 4344 18187 14 78 7 3321 18379 79 9 3133 18648 80 3 312'1 18947 14 799 2792 18428 79 0 2924 18730 14 71 7 3303 18717 62 79 1 3169 19296 107 81 1 6HO 19666 238 75 2 2828 67873 196 3233 69437 23' 3322 73073 221 3480 69281 220 2000 72780 222 3136 69047 208 1668 69486 231 3462 620«238 1'119 61791 228' 3011 66062 236 614 67796 230 6Oa 7 82 ' 4820 67709 SOl 3280 61176 30' 461' 1000 187 8600 1470 6600 3624 SWO 3000 WO 2WO 1000 11000 3600 'WO 7246 19900 238 '14 6 9490 21237 238 67 0 11183 22273 238 62 8 10301 22670 238 62 7 11997 23871 238 62 1 13 122 24364!38 69 7 14046 26476 238 6 1 6 14494 26187 238 62 0 13326 29088 238 54 14088 26724 62 1 16988 27722 238 68 2 ' 147902 20387 238 ' 61 8 14804 27 'i48 238 62 l 16686 21826 226 68 0 1 Sodert JwUl 1924 omvat hierdie poll die nate V&n ander banke waarvoor die Reeerwebank aanaprooklikheid aanvaar het 2 Tot Junie 1946 gewaardeer toon koeprye; vanaf 30 Junie 1946 tot Dotwmbor 1949 gewaardeer teen die tatu~1'6 pry van 1721 per fyn one; wrt 3 1 Doeember 1949 gowaanloor teen die nuw& lltatut~re pry van 24&1 per fyn Ollll 3 Ooudlening aan VK Februerie 1948 80 miljoon 4 Kragten& die Wy8iging van die Wet op di~ SuidArikaanse Reaerwebank word blerdie poll mert 12 Oktober U8 bereken nadat 'n bedr~ golyk aan die buitelandee bate8 van die Bank van ey verpligtingll toonoor die publiek afgetrek ill 6 Terugbetaling van goudlening aan VK Maart tot September 1949 80 miljoon

3 = LLABlLTlES N UNONLASTE BNNE UNE 1lCOMMERClAL BANKs ( BA thoullandsj End of End DemAndl Onmiddollik opeiabare 1 D1:POSlT'8DUOSTO Fi:eoi SaviDge Total VMW Sp~ Totaal Total Liabilities to Publio Totals vorpligting' toonoor publiek Total Liabilitie!! in Union Totals 1M binno Uw CUR RZSp;:BVlC Subeidiary Coin Pasmunt Gold Coin d Bullion Ooudmunt ' n 8taafgoud 1938Dec/Doll 74982 18050 159152 03DDec ldea 760156 18368 6017 1940 Dec/Dell 99720 18637 6439 1941 Doc!M 1240215 15581 7686 1942Doc/Doa 168908 18627 91533 On Dec/Dee 195796 28418 11l66 194~J)ec /Dea 222830 33666 13963 Wi Dec/DM 264265 40712 16485 1946Dec/Des 29 1636 32684 15978 1947 Dec/Dee 337444 38839 15862 104SDec/Des 33605ti 25452 15806 1049DecfDee 296296 17969 15191 1950Dec/Des 332263 23277 16500 1951 Dec/Des 335966 24683 18747 1962 Dec/Dee 328911 40624 241:\4 9898 100441 124796 14721H 197069 Z36380 270459 321462 340299 392136 377314 329466 372040 379394 393589 99969 101360 126708 148200 198252 235858 27 1076 322354 341673 393536 378950 331146 374228 381420 31111802 102473 105684 131056 156100 206099 244586 281605 334087 356091 4117\)8 401072 352232 396168 409383 4~5 064 629 146 578 724 638 736 29 764 823 868 ' ' 1072 1207 12 1167 H 1 167 1212 1256 143 1363 1754 123 1951Jan 328676 23898 1660D Feb 334114 24361 16708 Mar/Mrt 332252 24646 16963 369084 3751 84 373861 370973 377287 375495 398043 1706 54 1576 50 1287 68 April 329611 24538 17081 May/Moi 328923 24481 17220 Jun 324143 24208 17356 JuL 324630 24630 17601 Aug 320484 23\)40 17931 Sopt 3 15817 24444 18374 Oet/Okt 325535 24374 18624 Nov 32667 1 24022 18721 Dec/Dea 335965 24683 18747 1962 Jan 327687 24664 18824 Feb 322636 24068 18923 Mar/Mrt 3 19222 24328 19106 April 3 16073 27268 19335 May/Mci 3 10431 32371 19676 Jun 3 13678 33643 20 149 371130 370624 365707 366262 362365 358636 368534 368414 379304 371065 365627 362665 362866 362478 367370 3733 16 3726 13 368451 368046 363812 360284 371 192 370477 381420 372806 36828 1 364692 364408 364330 369148 396008 389099 409383 396466 o 398204 1436 133 15O! 81 1268 76 1402 68 1287 1274 87 1630 54 1416 86 1363 1869 75 1562 69 163:5 81 1729 1473 70 1627 132 Jul 313882 34466 20409 Aug 310042 38669 2 1290 Sept 312211 41944 22275 Oet/Okt 316393 43098 231)8 1 Nov 320266 40617 2386 1 Dec /Dee 328911 40524 24 154 1l)53Jan 322100 39623 24692 Feb Mar/Mrt 368757 3701)01 376430 382675 38~ 734 ~93 589 386416 370!;67 371610 378121) 383706 385966 31}5802 387826 408283 4:!6O84 1777 63 1683 104 18 41 ' 1766 1742 162 1764 123 1861 ' Thill item ineludee bal8dce! due 100 Government and 100 Foreign Bauka 2 Nationa1 Finance Corporation of South Alrica

HANDELSBANKE ( B A dlltonde) KONTANT l\b8ltjlwu Nota of BA Reserve Bank Benknot& van BA Reaerwe_ bank ASSETS N UNON B&lAn~ with BA ~ Bank Baldo' by BA RNerwobank Balances wi NFC Baldo's by NFK' BATE BNh'E UNlE Total Totaal DillCOlnte Loa~ Md AdvanCS Diekonteringe loningt on voonlkottll 3389 24299 28464 62943 3' 23'62 27896 64333 3637 44624 49423 426'2 4369 49472 65106 4330' 4278 98462 104017 38403 6296 124746 131363 390'0 6276 164146 161'60 42891 '629 18431 1 193490 46176 '973 148023 167714 90896 8 721 168614 178604 116923 9486 96701 107300 166124 10731 63894 17350 83276 126032 11 987 67143 16760 96279 138372 14273 42179 1100 68999 206236 14767 47228 16760 79621 184193 10168 68828 146()() 86266 146066 92 11 68946 16200 84992 149398 8449 69409 1461SO 83863 164316 9603 61M6 7700 69826 162086 9673 46009 7160 63416 171736 8162 41781 7300 68677 182404 10643 38812 1300 li2 124 18911 6 7737 42978 1300 63346 106091 8 ~6 415788 26' 66046 193837 13M 41 191 1100 66360 201312 8213 40261 2200 62 171S' 201772 14273 42 179 1100 680119 206236 nvllltmenta Beleggingt 16868 1699' 316'6 49 11 6 63190 63'61 64893 82284 93234 103122 117171 122778 140326 122101 138207 140212 140618 140791 14086ti 13487 1 131183 128626 1263154 119078 11 9963 119794 122 101 Total ~ta in Union Totale bat binne Tnie RATO TO LU LTUUl TO P11llLlO VERHOUDNO TOT VXlLPLG'rNOB _ Tll:lt~ooa P(1BLEC DiCOunta ch ~Md Liquid '~M AdvllllO KontlUlt DWt:onteringc Liquide loningt on b vool'llkotte 102612 28 6 63 0 106763 2' 6 63 6 1S103' 39 3 33 9 168063 3' 2 29 2 206034 62 6 19 4 244686 7 16 6 83' 4 28 1606 69 ' 16 8 8(2 33408' 50 14'6 86 1 366908 46 2 26 6 76 4 ( 11748 46 4 29 7 73 4 400966 28 3 41 2 62 6 361132 26 1 38 1 63 9 396624 26 7 37 0 66 2 409810 421S964 16 6 20 1 li3 8 466 61 8 67 1 23 0 39 1 61 3 22'6 39 6 60 6 398771 22 3 41 1 63 3 18 7 43 4 1S7 2 396;149 1 17 0 46 1 63 9 16 9 49 6 157 0 14 2 Sl 4 49 8 14 7 63 0 49 8 389804 16 li 63 8 tl3 6 14 9 14 1 64 2 64 6 41 8 47 1 409810 16 6 63 8 61 8 11619 39826 700 63788 204823 7666 42996 600 62933 206207 10313 39666 100 61736 203395 111111 39339 100 5242 1 190078 8050 38080 2700 60373 197890 10306 40286 2 100 64451 199911 11924 41898 12900 68662 200 766 9969 38662 20460 70669 195460 11112 tll 387 6300 69731 192654 8886 48090 16050 69960 189656 10326 41 116 16860 70194 183641 14767 7228 Hi760 79621 184193 10969 41662 Hi 50 69817 184tl39 1 Hierdie poe riluit in aaldo' verakuldig aan mgoringt en buitelandae banke 2 NBfJionale FinansiekorporBfJio van SuidAlrika 120902 118368 116867 113396 116200 116231S 111 119 116264 1241ti7 1302 16 \37077 138207 137263 14 4 47 6 14 4 7 47 2 396102 14 2 116 8 00 14 4 646 46 9 13 8 64 3 46 1 398866 101 8 114 2 61 0 18 5 64 2 52 4 19 0 62 6 53 1 ~O9128 18 ( 51 0 53 7 18 2 494 646 18 2 47 6 66 0 (26954 20 1 46 6 67 1 S'O 47 6 65 6

lj PEOPLE'S BANKS' (i: SA thou6l1ma) VOLKBDANKE' (t aa duiaoqde) fnd of_ End Demand Onmiddollik opeibn 19f6Doo/Dee 80 1~8Dee tne Qol9Doc /Dee 947 Doo{Dee 1900Dec{Dee 1915 1 Doc{Dea 1962Dec{De8 1 96 1Mar {Mr~ J= Sept De<:{De 96ZMltfMrt J~ Sept Dec/DM LlADLlTFS N UNON LASTE BNNE UNE DZ'OR1T8DEPOBTO'a Total E L iabilitin to Public Filled Total Totala verpligtmg Vu S ' Totaal teenoor publiek 0() 9 139 1<2 73 1< 102 82 67 1<9 161 89 71 16' 161 88 6Q 10() DB 63 161 162 96 71 167 173 168 166 68 10() 160 164 63 161 162 99 03 162 16' 99 16' 16 71 167 173 Total Liabilitioe in Union Totale binne Ulie 181 190 193 207 211 ' 220 202 196 200 211 216 214 217 220 DuucB9 W1TH8ALDO'a BY Coin End or M' Notee BA E Commer_ Buildi1l8 Yunt ~ cial Societiee n Bank Bouver SA hank N F K Hande1e ' eniginga no ~ bank bank 1946Doo/Dee 1947 DecJDee 2 1948DecJDe 194 9Doo/Dee 2 1900DecJDe 191il DecJDee 1962Doo/DM 1961 Mar{Mrt 3 J un Sopt 2 Dec/ns 1962MarJMrt Jun Sept Dfl rdea ASSETS N UNON BATE BNNE UNE Diecountll Lo&no Othr ~d nv~ ndi Advancee menta tutiolul Dilkon ~\og Ander wringe ilultel leninga en voonkotte 7 126 21 10 101 6 9 161 14 0 16' 162 0 18' 0 166 9 18 160 18 161 16 16' 9 0 13 169 ' ' 0 14 7 17/ 9 18 6 Total in Union Totale boo bipne Unle 181 190 193 207 197 211 220 '02 196 '00 211 216 214 217 220 Figurell upphed by the Regllltrar of Banks 2 National Finance Corporation of South Africa Syrel'll vel'8trek deur die Regi8trateur van Banke 2 Nloionale Fin&nBiekorporllollie van SuidAfrika

VLOAN BANKS' ( BA thoul8nda) LENlNQSBANKE' ( BA duieende) End ofel'd Domand Onmiddellik opaitb4m LABLTES N UNONLASTE BNNE UNE DrPOslT&Da:POSrro's Fixed Sa Total vu Bpaar Totaal Total Liabilitiea to Public Totale verpligtinga teenoor publiek Total Liabilitiee in Union Totale [M binne Dnie 1946Deo{Dee 1947 Dec/D88 1945DecJM 1949Dec{Dea 1960DtlcJDoe 19lil DecJM 1962Dec{Dee 196 1 M&r fmrt J~ Sept Deo fdee 1952Mar fmrt Jlln pt DecJDec '26 340 1066 1071 737 298 1036 1086 88' 294 1178 1 199 1167 280 1447 1477 1606 1927 1947 1923 ' 368 2291 2371 1977 '[0 2387 2416 1744 332 2076 2091 1800 340 2140 2176 1861 361 2212 2239 1923 368 2291 2371 1916 8 2283 2305 1962 373 2325 2366 2010 '97 2407 2440 1977 10 2387 2416 1300 1425 M4 1879 2411 2862 3002 2609 2686 2800 2862 288 2928 3028 3002 Coin nd End ofend No BA?!unt ~ Bnk n bflnknoto SA Reerwe bnk 1946Dec/Dee 1947 Doo fdea 6 1948DecfDet 10 1949 Doo/Dee 1960Doo/Dea 17 1961 Doo/De3 18 1962 Deo{Dee 21 191H Alar fmrt '0 Jun 16 Sept 17 Dec /Dea 18 1952Mar fmrt J= 20 8 ep~ 20 Doo{Dee 1 FlgUrl8 8upphod by the Regllllra r of Banks! 2 National linanee Corporation of South Africa ASSETS N D1'lONBATE BTNNE UNE BALANCES W1TUSALDO'S BY D' Commer N FC cial banks! NFK Hfllldell bonk LooM Othor ood lnveat Building 1118ti AdvanCEW'l men Bocietiea tutiolll Diakon Bouver Au' wringe ginga enigingll inlltel leninga en lings voorskotw 986 120 36 1 1033 166 1 1034 [67 ' 16' 1 1303 161 13 1639 162 2067 168 1808 162 1836 167 19S9 163 2067 168 125 63 2199 8 201 241 177 166 120 36 2113 161 188 125 ' 2174 2100 ' 2136 100 ) Syflll'fJ verstrek deur die RegiBtrateur van Banke 2 Nasiona1e lin8uiekorpofa&ie van Buid Afrika Total _to in Onion Totale bto binne Unie 1 27~ 1318 1446 1768 2286 2726 2882 2486 2666 2664 2726 2761 2799 2912 2882

V DEPOSTRECE VNG NSTTUTONS ' ( BA thousands) DEPOSTO NEMENDE NSTELLNGS ( BA d uieende) LABLTJES N UNON LASTE BNNE UNE DKPOST8DKPQ8TO'S Total Total LiabilitiOll Liabiliulll End of End to Publio in Union Demand Savings Total Totale Totale Onmiddellik verpligtings lu opeisba1'6 ' V8te Spaar Tota&1 teonoor binne publiek Unie 946Doo{Doe 70 9277 61)50 16797 17728 21193 1947 Doe{Dee 72' 10288 6Olla 17061 18859 22672 1948Dee fdee '60 11080 6160 7D99 20007 23859 949 DocfDeB 12468 6584 19956 21780 25678 ' 1951Doo{Dee 1t'i261 1900Doo fdoe 673 13826 7113 2115 12 23884 27852 7929 23775 26308 30643 195~D6C f ne _n n ASSETS N UNON DATE BTNNE U~E End of End BJtANOl11 WlTHBALDO'S ly DilJ(lounta Coin Total ond LooM A_ BA O~her Notes Commorond nvlllltin Union _~o Munt NFC t cial Building lruiti AdvanOOll mont!! Totalo Bonk bankll 800ietillll tutiolul Dillkon ~og on SA BoUV1t Andor toringe bonk NFK' Handolll S' binno Rorwo enigif1811 ilulool_ lonirtgll on nolo bonk boonko Unio lingll voolllkotte 046Doo fdee ' 1047 Doo/Dee ' 948Deo/Dee 1949Dec/Dee 29 200 1960Doc/Dos 23 l Y5 1 :OOO/Do 27 1952Deo/])& ' 922 326 21 14213 4787 21143 '' 60' 27 16426 47 11i 22626 003 723 16600 4510 23892 1007 '54 1786 1 4669 25766 1000 1042 ' 19160 4708 27798 '11 1240 21564 49~0 30594 \ Conll1l1tlOg lu ot 30th Jlne 10112 of three SllVlJl88 nanb 28 TnUlt Companiel! lind Boarda of Executors Uld t o other ilultitutione 11011 of which 11m lubjoot to tho T&quiromonta of the Swing Act of 1942 Figutell lupplied by thll Registrar of Banka 2 Nation!'1 Finanoo Corporation of South Africa 1 BOtaande per 30 JUll 1952 wt drll Spaarbanko 28 TrUlltmaat8kappyo on Ebeketeurskamoll! en twill! ander irultellingll wt almal ondorhewig ill Mn die verei8tee van dill Bankwet van 1942 Syfllrs verstrek dour dill Regi&tra oour van BUlkl 2 Naeionllole Fwal\Siekorporasio van SuidAfrika

VOTHER TRUST COMPANES' ( S A thouaeruk) ANDER TRUSTMAATSKAPPYE ( BA duilende) s LABLTES N UNONLASTE DNNE UNE End ofend Demand Oruniddellik opoisbare 1948DoofDes 7 194DDec{D8 22 950Dec{Detl 1961Doo{D8 17 DE'OSrraDE'OllTO'S 3405 Fill:oo Savings 'rotal Vute Sp~ Totaal 26 17 Total Liabilitillll to Publio Totale verpligtidgb teedoor puhliek 62 3266 3 3232 71 4082 Total Liabilitillll in Union Totale 1M binne Unie 69Mi 681l 6844 7869 End of End JD48Doo{D8 2 1949000{Detl 2 1950Dec{Dee H61Dec/DN 2 ASSETS N UNON BATE BNNE UNE BAllNcltll WTH8ALDo'a BY Di8couDUJ COUl Total Md SA No Commer Other d nveat in Union Reaerve Building Advanee8 Munt NFC cial nati menta 'rotale Bok Sociotill8 b t ut iona DiskolJ ~16(!: b bank BA NFKl Handels Bouver Ander teringo gmg billl16 Reaerwe enigingll leninga en noto book instel bok voonkotte Unie 1 Ttuilt Comparuea and Boards of El:ocuw whch 8m not subject to the requirements of the Danking Act o' 1942 Figul'Oll ljuppliod by the Bul'OOu of Cerul11& and StatilltiCli 2 National l<' inanc6 Corporation of South Africa VlT TRUST ASSETS ADMNlSTERlm BY BANKNG NST1TUTTONS AND OTHER TROST ('OMPANLES' ( S A tholu8nds) At 3lat December Or 31 Deaumber CuhMd llak Balan()61 Kontant hmk u ldo' 1317 75 3070 680D 1422 212 10 2888 08!i ' 6691 1297 S 129 3267 1014 6825 1238 67 ' 86 3866 1028 1796 Trulltmaatakappye en Eklieketeurskamonl wat rue onder howig is aan die vemistee van die Bankwet van 1942 nie Syrera veratrek deur die Buro van SerulU8 en Statiltdeli 2 NlUlionele Jo' ill8lu1iekorpornbie VBn Suid Afrika TRUSTBATE GEADlliNSTREER DEUR BA}'1{ NS'fELLNGS EN ANDElt TRUSTllAATSKAPPYE' ( SA duilende) _to Loan& and nvest Other AdvBnOOll monta Total Leninga M~ en voor Bflleggings Ander b Totaal Bkotto Fixod and SW~ DoJ:lta eo Spaar depollito'1! 194s8olely Admillistored Alloon1ik geadministroor 1864 D4iJointiy Administored G6@8mentlik geadministroor 1948Total l ftotaall 1866 JD4DTota1 1 JTolaaJl 1326 1950TotallfTotaa1 1 ~ 1683 1905 1 Total l ftotaal 1798 e Captal ueetll of a pennanont nature admllllbterud by t he inalitutions included in Tabloa to vr Excluding _ta only temporarily handled by them eg imolvent eatatefl ete Figunlll supplied by the RogiBtrar of Bnnu and the Bureau of CenllUll and StatistiCli 2 Eiltimatod for oach rf)8r by adding one hau of t he Jointly t( the total of the ' Solely 3185 21944 31201 4143 69621 59B 4390 397 6601 3834 22243 39396 4942 1228 1 3148 24168 42308 4884 11034 3924 26212 4401 1 5413 81363 _000 31394 46926 11'98 96622 d wb knpltaalbate van 'n penlulrulnto aard g91\dnumlltroor deur die infjtejlingb wat in Tabelle n tot V ingealuit ill Uitgeeonderd bate wat 81egB tydoluc: deur hulle hantoer word loo bv inolvente boodela ena Syfera venltrek deur die lwgilltrateur van Banke en die Buro van SensU8 en Btatilltiek 2 Oeskat vir elke jaar deur oon helfto van die Geaamentlike by dia totaal van die Alleenlike to tel

Vll POST OFFCE SAVNGS BANK ( BA thousands) No< Depoaite( +) M With Depoait WitJldrawala d rawala( ) Depoaito' Opvragingl Netto depollito's( +) of opvra gingll( ) Ye&r lidded 31st March Jear gel'lindig 31 )faflrl 1938 il033 10732 1946 «602 35968 1947 40684 U61 t948 38189 39019 1949 38206 :l8818 1960 341 88 37468 1951 35439 34286 1952 37329 35802 ~tonthly1taande~ 1951December/Deeember 3348 3 116 19621 anuluy J anuarie 3080 3298 February 1 f'ebruarie 3Olli 3094 ManlhfMaarl 3267 3303 April 3072 3333 May/Mei 3162 3080 Juno/Junie 3 164 3129 July/Julie 3425 3178 Auguet/ AugustUli 3366 3093 September 3042 3073 OctoberfOktober 3191 310 1 November 3018 2966 December/De&ember 3280 3668 + 1201 + 8634 4930 830 613 3280 + 1154 + 1527 + 231 21' 80 47 260 72 26 2<7 + 272 ' 1 90 + 62 377 lntereat 31st POSSPAARBANK ( BA duiaende) S'LANes DOE TO DEPOSTORS BALDO VEUJruLDO ~ DBrOSA<TJ: March Saving! Ordinary Bank Rente Account Certificaw gekjlldiwer 31 Gawone Spaarbank Maart rekening 8Orti6kate 361 16478 3641 199 72499 1613 69182 11760 12171 1736 70088 12611 1619 70996 12397 1823 69337 11268 1649 72140 10720 1787 75'1;64 9892 74012 10228 73793 10131 73714 10028 1787 76454 9892 75 194 9730 76266 9696 76291 9484 76638 90142 76811 9465 76780 944 8 76870 9401 75932 9326 75566 9307 Tol6J Totaal 20019 84269 81353 82698 83391 80605 82860 85346 84240 83924 83741 85346 849Z4 84862 84775 84980 86276 86228 1!5271 86257 84862 DC UNON LOAN CERTFCATES ( BA thou&ancie) UoUN Uitgifttl Ye&r ended 311t YetCh Jaar ge6indig 31 MuM 1938 60< 1946 8842 1947 6244 1948 3273 1949 2700 3091 19151 3061 19152 2286 MontblyMeandeJi 1961 DooemberfDeeember 169 1962January/J&llUlUie 178 Febroary / Februarie m MarchfMaart 102 April 1 May/Mei 190 June/Junia 1 July/Julilf 377 Auguat/AugultUi Sooptember 3 October/Oktober 329 November 301 December/Deeember ' Repayment Terogbetalinge 662 63U 8947 5661 6866 7826 8087 3700 266 322 416 ' 3 313 341 ' '30 374 362 300 ' UNELENNOSERTFKATE ( SA duillende) Net llmuei ( + ) Repaymenu () Balance ntenlollt Paid Netto uilftifte( +) 1 Saldo Betaalde rente lerugbetalinp( ) 6730 180 + 2497 37813 '13 3703 34109 2388 3172 1 ' 92' 3865 27867 1344 4736 23122 1878 3028 20096 1497 1416 18680 668 117 19246 19103 75 200 18903 222 18680 102 201 18479 86 183 18296 90 187 18 109 SO 18064 103 + 28 18092 107 18081 60 18021 78 101 17021 77 + 23 18 116

X PERMANENl' BULDNG SOCETJo:S ( SA thoull8ndtl) PERUANENTE DOUVERENG NGS ( BA duiecnde) 10 LUBlLTl!:s LuTE Total ASSET B TE Liabilities or AlMt Share on'~f Dopoai~'De~ito' Liquid CRpital Reserves Totale AdvllllOO8 Loan A_ta' lute of Aandele Reaerwlll lij:ed Total bata Vool'fJkotio LeningB Liquide kapitaal' Vufo S Totaal op verband bate' E nd of F inancial Year ' End finalllli&le jfl&r' 1938 17157 198 1 15314 1946 48586 4914 49694 1047 61260 5656 60339 1948 76625 6729 7l261 1949 89086 8000 83394 50 92024 9301 87966 1951 99004 10700 96914 1952t 118326 10449 99990* End of End 196 1 Dec/Dea 111668 10A 1iD 974 15* 1952Jan 11 4006 10440 98664 Feb 11 6535 10449 99405* Mllr /!r ~ 11 8326 10449 99990 April 120 872 11732 101002 May/Mei 122710 1175 1 101395 Jun 123 864 11777 101840 Jul 125705 11782 10274 1 Aug 127410 17R2 103094 Sept 128542 11782 103248 Oct/Okt 130390 11 782 103M2 November 132152 11782 104043 Det::/Dea 132901 11 782 104265 1 'og' 1 15996 31310 51095 38676 334 9795 35723 85417 10&1019 109184 3 28051 36 258 96597 165488 128751 627 32207 39940 11 1201 196999 154 895 7H 37008 40703 124098 223801 178398 39466 43331 131 297 235397 182429 1206 ' 46032 47434 14 0134 8 257536 202248 1191 47802 49274 150998 223729 1228 491165 49328* 149057 218333 1186 47814 40 155 1501 53 219439 1 191 40937 49255 150900 221363 1208 50854 49 274* 1l09t18 22:1729 1228 49565 48630 151581 225745 1297 50540 48 U 151 585 228307 1273 49866 47870 15 1846 231262 1244 48361 48400 153345 233177 125 1 49357 4\)071 154458 235027 1354 60822 411 1i00 155159 237211 1343 48642 49831 M926 239918 1412 49127 4975 156308 242161 1427 49685 48666 155541 244321 1390 48169 J A at 3ht March inee 1943 (Prior to 1943 no common financial year oml WU precribod but the figul'6ll may bo uaumed to refer to approximately tho boginning of May) 2 nduding lnvllllting UemboT' B oldingft up to 1943 whon final repn)'mont was effected 3 nduding accrued interest t Exdmling acerued intereat Praliminnry X NATJONAL FNANCE CORPORATON OF SOUTH AFRCA (t SA thou88nda) LUBJ'nu ;8Tt T otal Liabilitillll Elld of 0< 1 940DeclDea 1000 46311 401 47712 1950 000[008 1000 7890 1 100 80908 195 1 Dec/ DoH 1000 61705 1351 64056 19112_ Doo/008 1000 67!l73 2207 71 1 80 1952 Mar/Mrt 1000 52424 11127 54951 Jun 1000 63914 2411 67355 Sept 1000 53366 1''5 56840 Dec /OeB 1000 67973 2207 71 180 The Corporation accept depolll~ a t eall from the pubhc in amounte of not 1_ than 50000 at a time while with_ drawals may also be for not 1_ t han thil 1UU0unt Op depc:mite of thill natul'll it at pl'6llllot offel'fj l rate of intorlt 11% per annum payable quarterly on daily balance J Sedert 1943 por 31 Maart (Voor 1943 WU geen gembllnekaplike fin ~luii! l o janr voorgeskrewe nie ffifl&r veronde1'l!te1 kan word dat die 9)1fel'll op ongeveer begin Mei botrokking het) 2 t 11l!uitende looeit Vlln heloggond6 l~e tot 1043 toe finalo terugbelaling g6llkied hot lnaluitendo opgelope ronte Uitaluitende opgelope mnte Voorlopig NASQNALE FNANSEKORPORASE VAN SUTDAFRKA ( SA duiljemdo) AsseTS DlTJ!: 1 Union Union Debentur8'l End A_ TnlMury Gove rnment Guaranteed Other Cuh Bill Stockll by Union Stoc' with Capital Depolli~ Other Tot/do Uru Government Bankel'fJ Other Kapitaal Doposito' Ander lu ~katki8 S taa~ Skuldbrie we KOlLant Ander of bato bewyfj effekte dour Unie Auder by regering Eflekte Danldera gewaarborg 350111 740!! 108 6007 531 00 1768~ 1000 1 183 7765 182 42199 18881 1000 1490 212 21 47099 2002:1 1000 1942 86' 262 32774 18881 1000 1490 356 412~9 22388 1000 1~ 8 :! 862 25549 26894 1000 1778 130 47099 ' 20023 1000 1 94~ 86' ' Die Korponulle neem van die publiek daggelddepo8lo aan in bedrae van milllltonj 50000 per keer terwy l teweru geen r'ld in kleiner bodrae aa die genoemde onttrek 8D word nie Tell llnjion van Bulke depcnlito'l bied wt!an '0 rentekoers Vln 11% per jaar aan wat per kwartaal op die daaglibe aaldo betaalbau i

13 XlVQUANTTY OF MONEY N CmCULATON N UNlON HOEVEELHED OELD N OMLOOP DL'iNE UNlE (t BA milliont) ( SA mijjoeoe) 03SDec/Doe 76 0 8 16 8 D6'6 3 DO'6 + 8 0 1946D(!Dee 291 6 37'8 67 0 386 6 7 3 393' 8 +44'6 1947 Dec fdoe 337'4 20 6 55 8 413'9 421' 2 +21'4 1 UDoo(De 336 1 16 4 OS 4 10 418 1 D4DDec ldee 296 3 11 2 57 1 364 5 372 3 46'4 JD60Doo{Des 332 3 42 0 63 5 431 8 8 ' 4016 0 +73 1 1951Dec/ DeM 3360 22 1 703 4211'4 88 4372 88 19621)00/0l1li 3211 9 2151 76 0 430 1 ' 3 439 3 + 21 1952January/Januarie 327 6 25 7 68'8 422 1 3 430 4 6 8 Jo'ebruary {Februarie 322 6 39 9 72 9 436 4 7 444 1 +13 1 March/Maart 319 2 37 0 71'6 427 8 436 6 7'6 April 316 1 26 S 71 S 414 7 423'6 13 1 MayfMoi 310'4 30 0 76 2 416 7 1 425 8 + 23 June/Junie 313 7 18 9 16 2 107 7 1 416 8 9 0 July(Julie 313 9 16'3 14'8 405 0 413 9 ' 2'9 Aupt/Augu8tue 3100 18 1 763 404'5 0 1 4136 o 3 Bopl8mber 312 2 149 14 9 402 0 4109 21 October/Oktobcr 3 16'4 Hi 3 77' 8 409 r; ' 1 4 18 6 ~ 1 1 Novomber 320 3 23 4 77 6 42 1'3 2 430'6 +11 9 Oocomblor/nmber 328'9 26 1 76 0 430 1 0'3 439 3 + 195:JJ anuafy J luuarie 322 1 25 0 75 7 422 8 0 1 431 9 GOV<'lrrnnllnt and 'Othor dopo!lltlstaatl en ander deposto 2 n circulatiod ouhlide the banka n omloop buite die banke 3 E timated C kat XV VELOClTY OF CUCULATON m' DEMAND OMLOOPSNELHED VAN ONMDDELLK OPESBARE DEPOSTS DEPOSTO'S DzMAND DEPOSTS locreu&{ + 1 OliMDDELW: OPE8BllZ Sub End 01 DEPOSTO'S Nou' TotaJ Coin' Total Decro!lo8ll() End Commercial R_rve Banknot!!' Sub Munt' Totaal Toename (+) Bonk Dank' totaal 01 Handelt R6rwe Afname() banke b&ok' Rat!! of Bank Rale of :[ B k De~lal Debita' Turnover' Depoeia' Debitl' Turnover' Depoaito'~' 1 Bank Omloop Dep05ito'a l BlUlk Omloop dobell8' 8noiheid' debetto' anelheid' t verage of Quarlerly Jo' ig ( BA thollmdda) Quarter ended ( BA thollmodl) ( 8A duillllnde) Kwartaal p indig ( SA d ueonde) Oemiddelde m kwartaal yfer 1938 726 17 479663 1060March /Maar~ 300339 16960ti3 1930 76H2 415174 2 June/Jwlie 3 12038 1689464 1940 92702 511382 September 313098 1823174 1041 O6N 687281 9 Dec/Dee 3304/j() 2009431 0 1 1942 151586 663748 ' 3 1943 188041 774216 1951MlrchfMaert 339480 2103027 1044 213338 828607 1945 246410 066306 1946 291987 1311946 1947 317030 1413160 1948 357886 161 8001 1949 296708 1594143 314206 180~528 1 1951 332969 2215460 '1 1062 320416 2374337 June/Junie 336966 2218941 September 323408 2217400 Doc/ Deo; 333Q23 232242 1 '0 10 1952March(Maert 325304 2353797 1 June/JuDie 316821 2324 299 7 3 September 31490t 2336890 1' Dee fdea 324636 j 2482364 1 L Commercial Bank 8 demand dep06lta plua OLhor deposit L Handelbanke l1li ollldlddollik OJllBbare doj>08lto 8 phil ith the Rceerve Bank (BMed 00 quarteredd lgurel up Moder doposito' by die Rllrwebank (Gegroml to~ to June 1046; thel'llmter on quarterly averages of month end figul'llll) Junie 1946 op yfcrs vir einde van kwaftaal; daarnn op kwartllalgomiddcldo van yfora aan cinde van maand) % Total bfulk debita M pub\iehed by Bureau of Ceorne and 2 Tolael bankdobette loo gopubl~ r dour Buro van SeMU Statistics en Statitiek :1 Total bank dobitl divided by depollitl lu derned 3 1'0181101 hmlkdebette gedeel dour depoeito' loo oldllkryf

XVCAUSES OF CHANGES N QUANTTY OF MONEYOORSAKE VAN VERANDERlNGS N HOEVEELHElD 14 N CRCULATON N UNlON GELD N OlfLQOP BlNNE UNE (l SA milliolu) ( SA miljdlloo) D18OOtTNT Lourrl Gold and ADvucza um Fixed and ~ EJ:ch&l\ie Savini' DtJ:ONTEBl'OB LEKUfOB Boldini' of VOOUKOT'B f Depoeitl at SA RMerve Commercial Other BJ:LJ:OONOB Bonk Hema Total &nko' Goud n Veste en Ander Totaal valutabesit _no Commercial ~epoeito'l van SA Bonk B' by Reeerwebank Raerwe Randelt handellbanke l bonk bon Annual Chifl J_diJco YOftondering 1937 38 1 2 1 + 6 + 1 1 ' 0 193839 + ' 7 0 ' + 0 ' 1 0 + 193\)40 +20 + + 0 7 + +27 6 19 041 + ' +22 8 + 18 2 + 1 8 0 6 + 0 19142 + «16) 18 0 0 8 + 0 7 + 2 ) 194243 +29 2 + 10 2 11 2 11 + 0 ' +39 7 19344 +3tSO + + ' 0 0 0 ' +3'9 194441 ~ +60'7 18'6 +21 3 ' 6 1 ' +64'6 194646 18'6 +6(5 1 + 8 ' 3 0 + 6 194647 0 + +36'9 6 0 +27 H748 167 +'8 +63% +13 + 3 ' 19 849 +17 0 66 0t 7 lt + ' 1 ' 6' 4 19496{) +62 3 1 g +28'3t + 1 0 +73 7 196061 29 1 1 0 +34' 1 37 ' 0 '8 1 96 1~2 1 9 + 16'4 +9 7 21 3 +2 ) Monthly Change' Haandelikee vtrandering ' 19621 anual')' /J anuarie + 0 1 'f 3 8 February~ebruarie + 2 6 + 10 8 2 2 + 0 + ' 0 + 13 7 Maroh{Maart ti O + 1 0 3 9t 0 4 0 ' 7 ti April ti 3 0 3 2 + 18 ) 7'1 May/Mei + + 0 + 2 + 0 7 + 3 June/Junie 8 6 + 0 6 + 1 4 1 0 0 8 0 0 JulyfJulie + 1 7 ' 6'6t ' 2 ' August/AugWitu& ' 6 + + 7'4l ' 1 + 0 ' 0 8eptornber 0' +127 1O 1f 0 '7 OctoblrfOktober 12 6 +13'8 2 0 3 ' + 7 7 November ' 0 + 6 til + 1 7 0 3 +11 9 Deeember/Deeember + 10 15 ' 0 + O 7t 0 ' + 0 ' + J953 January/Januarie 1 8 1 2t + 0 + 1 A decre&llll or increaee in fij:ed and aavingl depoalt indicated by a plua or minua eign retlpe<ltively 2 ncluding gold and ej:chifl bqldingil of the comm&t'ciat bonlu 3 Baaed on ylllu'end f1gurell 4 Bt on month end flgurell &eflecta gold 10&11 to UK Reflecta repayment or gold loan to UK For the pu1'pt*& of thie table th_ 8gur&l inelude the ehangm in the commeroial banb' balanool with tho National Finanoe Corp~8tiOQ of BA t t 'n Afname or toename van vute on raardepoa;to'l 'll'ord aangedui deur rellpektiewelik 'n plua 0 minuateken 2 llluiulnde goud en valutabesit van die handelabanke 3 Gegrond op yrel'll aan einde van jaar 4 Degrond op rel'll aan einde van maand Weel'llpielli goudleni~ aan VK Weel'llpilMll terugbetaling van goodlening aan VK Vir f rloelilld_ VAn hierdie tabel eluit hierdie yrol'll die verandonng in die handelabanke e do'l by die Naaionale Finanliekorporuie van BA in

R XVU NTEREST RATES RENTEKOERSE Pon REl_V: O CE UmON TBEuUl!r S vtnob ~ B=' CoWK1llQ L 8urKJJ _ HAJ;oD n'!b~ B~ ~ P OUP&tR ~ UERW : UNR81:4TJ:!JB ;WYU; Minimum FullKi Depoet&VuU deposilo DiltCoun t OverdrBf~ Sa vings Biz Twelve Ro<o Ro Depoeilll DopotlitB ' Month Month Dikonto Minimum nuo 8' Twelve koo~ koere op Monthe Montha M ont hll oortrek Drie Twaalf Spaarde Dopoeito' Twaall kinga maaude wllande maande poatto' maande ~d Average of Daily Ratea Gemiddelde van daaglikll8 koo~ 1938 00 0 _60' 0'60 300' 200 2 ' 076 1'60 1946 3 00 0 00 0 ' ) 50' 2 ' 0 63 1947 3 00 0 00 0 1 60' 2 ' 0 63 1948 3'110 0'110 0'''' 1'60' ' 260 O' 64 1 02 1949 3 11 460 0 00 0 60 1' 60 160 2 ' 0 81 1 31 1950 3'''' 00 0 29 ' 00 2 00' 2 110 260 110 1'60 End of 1961 360 ' 00 075 100 200 200 2 60 ' DO 1062 3 88 /i 38 1 35 i6! Hi 2 75 ~'86 1 29 79 End 1950 Dec/Deis 3'50 0'711 ' 00 2 00' 2 00 ' 200 ' 00 1 50 195 1 Doo/Detl 3 60 110 0 75 ' 00 2 00' 2 110 2 50 110 1'50 1952 Fllb 3'50 110 0 75 00 2 00' 2 00 2 50 ' Mu (Mrt 110 ' 00 0 75 ' 00 2()O' 2 110 2 60 00 1 50 April 400 ' 60 110 160 3 00' 3 00 3 00 1 25 1 75 l\tay/m'oi ' 00 6Q 6Q 3 00' 3 110 3 00 1'25 1'75 Ju l 400 6'50 1'50 1'50 3 00' 3'110 3 00 1 25 1 711 Aug 5 50 ) 75 2 00 3 ' 3 00 3 00 1 50 ' 2 00 Deo(Dee 4 00 11 50 75 2 00 3 00 3 ' 3 00 1 50 2 ' 1953 Feb 00 60 1 75 2 00 3 1i0 3 00 3 00 } 60 2 ' L On depolutel up to 10000 per person 2 On dapollite up to 6000 per person and tijerea fter 1 % 3 On depoeite up to 500{) per pereon add tberoofter 1% 4 De)XJt limited to 1000 per year nding 318t March 5 DillCount rate 6 On depoeite up to 20000 por peraon and t hereafvtr 1% 7 On depalit up to 50000 por person and ~he afte r 2% l Op depoollto' tot 10000 per persoon 2 Op depoaito'1 tot 5000 per pe~n en daarbo 1% 3 Op dopoaito' tot 5000 per pe~n en daarbo 10/ 4 Depoeito' beperk to t 1000 per jaar eindigende 31 Maart 5 Dflk ontokoolw 6 Op depoeito' tot 20000 per por800n en daarbo 1 % 7 Op depomto' tot 50000 per per~()on en Jaarbo 2% XVDlGOVERNMENT BOND YlELDRENTABLTET VAN STAATSEFFEKTE ' Yield l _ Annual AVldcf;l' Yield' Monthly Average Rentabiliteit l J urlibe aemid de Rentabiliteit Maandelikae gomiddelde 19SO 1951 11162 11163 1938 345' J ~ 3 60 3 ' 66 3 88 1939 370' Feb 3' 65 3 65 4 13 60 10 340' Mu/llit 3 66 3 ti5 4 13 1941 3'110 ~ril 3 65 3 6ti 4 13 ' 3'00 ayfmei 3 6'; 3'''' 4 14 10 3 ' Junerunie 365 3 ' 4 25 00 July Julie 3 65 3 25 2'89 Sept 3 65 3 65 19n 263 Oct/Okt 3'62 3 65 '60 2'''' Nov 3 55 368 4 50 199 3 33 Dec /De : G/i 3 88 1060 3 63 1951 3 60 li52 4 ' 28 00 Aug 365 3 62 6Q 1 From 1937 to 1943 yield 01 3 per oont 1951/ 56 Government bond; from 1944 onwarda yield of 3 per oo n~ 1960/ 70 Government honda 1 Vanaf 1937 tot 1943 reotebiliteit van 3 pereant 1951f56 StaataefJekte : vanaf 1944 en daama rentebiliteit Vall 3 peraent H60/70 StutaefJakte ~ _ B~ on 1_ tbon twfliva monthll 2 o'r op mindar ' U ma&ftdo

XXJOHANNESBURO S'fOCK EXCHANOEJOBANNESBURGSE EFFEKTEBEURS 16 Market Number or Number of Value of ' Compani81 Authori8ed _od Bh_ Shllol'8l Quoted Capital Capital Quoted Quoted Aantalmaat Nominale Uitgegewe Aantal Markwaarde keppye me~ kapitaal kapitaal genoteerde = notering aandele genoteerde aandele Number '000 '000 TholllllUlda '000 Aaotal Duillende AS AT 311T DECEMBER 1938PER 31 DESEMRER 1938 Mini~: Mynbou : Gol Ooud P roducer 63600 112738 107236 276800 Produaerende Non Produce 40408 32844 106171 117300 Nieproduaerende Diamonds 13319 120117 186117 22800 Diamanta Collieriee M07 52 10 6936 11400 Steenkool Baae Metala 12380 S ll008 12200 Onedeie metale 126 126114 114419 270008 378000 }' inancial 22 49 1114 43632 71876 1015100 Finanlilile ndulltrial 61 33793 29007 64206 44000 Nywerheida 37112 3286 1114110 2400 Aanvullende ~~~m~~~: 16083 7976 41188 18400 Banke ' 229 227976 1118320 4161175 647000 Government ~d MUicipal 118686 118686 121000 Staa~ en muniaipale afl'ekte Debenturee 4867 0000 Obligui8l Convertible Notea 1000 1000 1350 Konvertoorbaffl bew}'88 Preferred Stock 2360 '800 Pfflferente effekte ORAND TOTAL 326223 678060 GROOTTOTAAL ' Mining Oold AS AT 30th JUNE 1152PER 30 JUNJE 1962 Mynbou: Goud Produce 05 82364 78926 243M3 209167 Produllenmde Noo P roduoe 86468 68373 235174 2()~7 1 6 Nie proou88rende Diamonds 10 16666 13943 40177 1114 17 Diamanta Collieri811 1116112 13901 347113 301526 Stoonkool Baae Metat 221170 111932 154777 138665 Onedele mete e 16 1 2221157 19508 1 60846li 764480 Financial 76 146470 116037 247666 286477 Finarusillie ndultrial 411 2M51l7 217525 56406 1 324445 Nywerhoide ~~~~em~~~ 28 1012 1 6493 28 100 3691 Aall vullende 281500 18077 17987 20786 Banke 680 662846 M2212 1466279 13119779 Government ond &unieipal!o 627801 627801 57113116 StaatB en mulliaipale eflelcte Debenturee 26241 2;>;467 22638 Obligui8l Convertible Notel 3260 3250 2893 Koovertoorbare bewym Preferred Stock 4129 4237 Prefefflnte erekte ORAND TOTAL '00 1320137 1212860 1466279 2001903 GROOTTOTAAL t OM company had only debenturee quoted t EEln maatbkappy het lep obliguiee genot:«u' FiJUl'8J lupplied by the J ohaoneeburg Stock Exohange Syfe11l ve11ltfflk deur die JohanneebutgM ElJektebeu11

17 XX NDEXES OF SHARE PRCES 1NDEKSE VAN AANDELEPRYSE (B&8/Baaia: 1948 _ 100) GOLD 8 GOUllO'll'uNl>&LC ll'oj)u8'l'lul SU6JW NyWltJUlZU) lj~olclj; V' and rrontb J aar en maand Producing Minee ProdUlerende myuo Union of South Africa' Unie van SuidAnu' Non Producing MinlllJ Nie produaerllndo myno 1938 30 H39 78 23 1940 76 16 1941 81 21 22 1942 1943 1944 o 73 1946 107 83 1946 ' 1947 100 1948 100 100 1949 OS 93 1060 116 19G 97 1952 83 1951Jan J 87 Feb 116 Mar Frt 116 10' Apri 10 May{Moi l S 10 J= OS Jul 107 OS Aug 10 8ep 10' 07 O c ~ JOkt Nov 10 0< Dec/Dee 10 87 )D52Jan 07 Feb 98 87 Mar(Mrt MaY /~( e i go 78 Jun o '0 Jul Aug Apri Sept 01 Oct/Okt 88 Nov 81 Dec/Do 88 lv6ljan 87 77 82 Fob 93 Weaghted mdej:oj of OrdlOary sharee calculated by the ReeGrve Bank on the b!lllil! of average daily priollll 2 Averagoe balled on weighted index number of ordinary abaroe calculated by the Bureau of Economic Roeeero b Univel'llity of Stellenbol!lcb 3 B8!K on priollll at end of month or beginnin& of following month ncluding hipping shat'ell Souroo: nvsftqr' Ohronicle Averagea of one day each week Souroe: Standard and P Union of All O~d South United Mines Africa Kingdom USA' Aile Uwo 'On Verel1igde VBA ' goudmyne Suid Koninkryk( Afrika 70 60 37 73 37 67 60 48 69 70 62 83 13 67 78 71 O 128 87 100 110 ' 100 100 100 100 77 107 72 00 120 106 79 10< 62 0 101 0 10' 79 OS 110 0 97 1<1 < 81 10' ' 81 109 10' 0 110 10< 78 10' 1«' 10< 79 107 16' 103 79 10 167 10' 78 112 165 102 76 101 148 16' 03 73 03 16' 03 71 91 16' 03 87 16' 93 163 85 81 16' 50 83 16' 50 161 90 87 162 03 167 57 93 184 ' 07 184 150 1 Gew06 mdebe VUl gewod8 eandele bereken deur die ReM!rwobank op die basil! van gemiddeldo daaa:1ibe prytlo 2 Gemiddoldllll gebaaeer op gewoe indebsyfor van gewone aandale bereken deur die Buro vir Ekonomi_ Onderoek Univeraiteit van Stellenboech 3 Ge~r op pryse per end Vlul die maand of per begin van die volgende ma&nd wdui tendo skeopvsartaandele Bron : n lluwr Ohronicle 4 Oomiddeldee van een dag per week Bron: Slandllrd and P

XX8TOCK EXCHANGE TRAL'iSACTONBEFFEKTEBEURSTRANSAKSES A wdex OJ' TUt NUMRKR 01' SffUUtll PURCHASED lnl>ed VUi' Dill: LUfTu ~UE O~OOP1 (BiU8: Monthly AV8rago 1948 _ 1(0) (B ' J[ d lib& Ge 'ddeld 1948 100) M : un m 18 1946 1947 Jlllluary/Januarie 204 3 133 0 FebruaryfFebruarie 22 1 7 1730 March/M'aart 233 8 107 8 April 289 4 tl9 7?ll ay{mei 287 9 79 9 June{Junie 226 0 743 J uly fjujie 1411 6 823 AugtUlt/Auguatul 123 9 93 8 September 97 3 16 9 October/Oktober 100 9 108 9 November 82 7 166 4 DeoemberfDeoaember 83 0 82 3 A Vll1lAOB/ 0J:MDDKLDE 114 7 103 l 1948 1949 50 19til 1962 1963 83 3 702 80 1 70 2 76 2 8'2 J08 3 76 6 69 2 93 0 60 ' 97 1 98 2 89 l 91 2 67 ' MO 133 7 l U! SHi 79 6 37 9 8g t\ 72 0 62 6 62 38'6 99 8 1ti4'2 89 6 43'4 66 6 66 3 48 1 690 42 3 '7'8 10 1 8 99 ' 62 3 140 0 178'4 88 2 63 3 41 0 127 8 180 9 64 62 9 40 0 79'9 98 6 92 0 68 6 4 6 72 1 63 6 48 6 40 0 100 0 102 0 66 9 67 2 '1 Excluding Oovommont Municipal and Public Utility Stockll Baaod on purohmlmi by Johanne&burg Stockbrokei'll Source : Johanneaburg Stock E xch&l\g ll Milt uitluiting v&lllffllkte van die Staat muniaipaliteite en vl:l'orginpbedrywe Oebaaeer op aankope deur Johanneaburpe undelemakelaan Bran : Johannlllburgae Effektebeul'll B NOK: 0 STOOt EXOHANGK T;JR~OV1l: 1 NO:Ul VAN E BtrlllBEUt80MlKT 1 (8&86: Monthly Average 1948 _ 100) (BUll' Maandelibe Oemiddelde 1948 _ 100) 1946 1947 January /J Rnuarie fo'ebruary /Februarie?t&reh/Maart April MeyfMei June/Junie July/Julie August/Augustus September October/Oktober November Deoember/DeflOmber AVlUUoE!Ol:MTDDnoE 1948 } 101 7' 128'6 108 \ 88 2 61 2 100 0 1949 1960 1961 1962 1915 6 1 8 19 9 90 3 621 61 3 18 1 112 9 16 6 62'4 96 0 82 6 400 6 87 41 1 10t 1 30 ' 61 0 49 2 866 33 0 1628 47'8 76 6 32 61 31 6 69 1 36 6 83 0 00 66 8 400 2 184 7 86 3 62 1 33'6 186 6 68 \ 26 6 106 2 99 6 33 \ 66 9 63 3 43 2 23 6 96 0 66 1 76'4 39 0 Baaod on the totel value of tl'lu\ll&ctioju in marketable foocuritiea by JohlUlnllllburg lltockbrokel'll SQljrot:: Dep&rtment of nland Revenull 2 Elltimated by the RMervll Bank Oebr op die totaie waat'de van tl'aj\nbiea in ver handelbere effekte dour Johannllllburpe undele makela Bron : Departement VUl BinnelNldae nkomtlte 2 Gekat deur die Rellerwebank

19 XXJl COMPANlES HEGSTERED MAATSKAPPYE OEREGSTREJ::R New Companies Registered no8_ of RoductioU of Nuwe maatakoppya geregiltroor Capital Capital Liq uidatiorul KapitMl Kapitaal Likwidaeiee Foreign vermoordoringe votmindoring3 UniOllUDio VOlar Uld Month Buitela~ J aar lid maand Union CompaWee Uruamastkappye Nominal Nominal Nomin] ~ Nomin1 No Capital No No Capital No Capital No Capital Gotal Nominale GetaJ Gotal Nominale Gata! Nominala Oeta\ Nominale kapitaal kapitaal kapitaal kapitaal 000 000 000 000 1938 1501 6052 10 300 10266 ' 12 17 267 3608 11146 31122 103776 15 031 82187 20 3307!l147 3741 98290 27 '93 67953 10 W 1948 '389 67678 31 1070 740'71 16 10 171 6218 1949 3314 48714 ' 863 4384 1 'W 4006 60434 907 61436 1332 1664 2284 263 7869 7042 23' 6785 1951 4415 36502 23 037 1i3211 1 37 3416 187 4701 1952 3216 393 10 9:3 67738 48 4168 23 6058 1951Dee/Doa 33 2033 78 4004 38 April :l60 1802 70 5D13 6 1531 18 MllyfMei 274 2080 70 1826 6 ' ' 13 Jun 331 4701 5 12< 221)18 5 1313 23 632 Jul m 1425 65 3393 165 25 178 1952Jan 302 2143 7 2054 3 223 27 2630 Feb 31' 43S2 3 107 3728 272 18 391 JlU/ltrt 379 2484 2 03 40110 7 401 72 Aug '25 987 86 2172 ' 116 Sept 167 1411 4053 3 ilo 18 332 Oct/Okl 2<0 24f/O 51 2] 18 10 04 Nov 22 1 1789 11880 176 19 128 Dec/Doa 244 134:!0 3584 34' 27 219 NET NCREASB OR DECR~ASE N NOMNAL CAPTAL OF UNON COMPANES NET'O TOENAl'alE OF AFNAl'am N NOi\(JJo' ALE KAPTAAL VAN UN E MAATSKAPPYE Durill8 tho year ondocl 31st December 052Goduroudo dio jllllor g!6indig 31 Detombor Oli2 Companiee Not New Removed ncr6&n Companiee lncre~ Heductiona from (+)or Hepil!tered Tota! of Carita] of Capita! Liqui Rl!l:iater Nuwe ncnlllllo dalionj Mlot Total ~ () Group muc Kapit/lal Kapit] Doo~ Totalo Likw; akpp~'e Natto Groep vennoor akappye loonaml! vellllin daaiell vorwydor Totalo deringl deringa rnamo toouamo gore von (+) of gietroer regiatflr afname () 000 000 000 000 000 l< 000 000 Commerce[Handel 6066 (6j ] 131137 L857 818 13Q2 3977 + 9660 ServiCN/D iooaw ' 1297 2225 151 1 54~ 21 19 + 107 FiuaneialfFinlloll!liool 111940 246M 435!l5 720 1:21 631 268 1 +4101 4 Agrieulture/Landbou 77' Oll 18f1'1 60 77 W 1727 Mining/Mynbou 1769 D6~2 11 452 327 'llll 1275 10177 F iah ri~fviseeryo 1861 275 214:! 1:100 20 1320 + 8t2 Secondary lnduetrieefnywerbode 8066 24036 32129 J370 1266 OS 3159 1 + 28639 TOTAL(l'OT AAL 30310 67738 107048 ' 4168 5058 5178 1600 + 92046 B8l!'d on fi8}l1'9ll aupplled by tho Dopartment Jf Commerce GebMeer op ayfen vel'lltrolr dau! dll' DoparUlment vall nn lndu8tp~ Handol ou Nywerheid

XXlEXCHANOE RATES (Telegrephic Tranllfer) WlSSELKOERSE (Tolesrafi_ oorboeking) UNON OF SOUTH AFRCA ON: LoNPON/ LoNPtN! UNE VAN sum AFRl KA OP: Naw YOlK P&1l19/ PutY8 A(9TUlDJ1 BA per 100 Dollars per BA Franca{Franke Guildera{Guldllnl Sterling pet 1 SA per BA Buying Selling luying Selling Buying Selling Buying Selling Koop Verkoop Koop Verkoop Koop Verkoop Roop Vetkoop Average of DRily RatN Gemiddolde vall daaglikjm kollllo 11138 100 125 100 875 1105 4 810 17 1 05 108 11 8 112 8 76 11146 100 000 100 600 4 0:11; 4 005 480 00 476 70 10 70 10 625 1947 100 000 100 600 4'03! 4'001 480 00 476 70 10'70 10 1126 1948 100 000 100 600 4'031 4 001 877' 49 869 60 1070 10 1126 1949 100 000 100 60[) J'682 3 M 1056 1041173 10 69 1O 61 00 100 000 100 5Qt) 2 SOl 2 7St 983 00 972 00 10 65 10 576 1961 100000 100500 2301 27S3 983 21 97\ 79 1065 10'5711 1952 9u'876 100 376 2 708 2781 990 99 1166911 10 70 10 647 1952April 911'871 loo :m 2 81 t 2 711t 991 00 967 00 10 66 10 '69 Moy/Mei 09'87j loo' J7 1 2 1 2 771 99 1 00 007 00 10 66 10 69 Jun 119 871 100 37 2 78 2 771 1191 00 1167 00 10 66 10 119 J ut 99 87 100 :17 2 79* 2 771 091 00 06H)() 10 74t 10 Mj Aug 09 87j 100 37' 2 78f 2 77t 0111 00 967 00 10 741 10'lOt Sept 1!1 SU loo 3n 2'78j 2 77l 001 00 96700 10 '74' 10 50 Oet{Okt 99 87~ l 0037~ 2SO 2'781 991 00 967 00 10 74' 10 601 Nov 99 ' 8n 100 3 2SO\ 2 79 991 00 967 00 10 74' 10 ' 601 Dee/Dlf 99 ' 87j 100' 371 281's 2 791 991 00 967'00 10' 7f 10'1Olf 1953Jn 99 87 100 37' 2 821 2 801 991 00 967 00 10 741 10 60Js Feb 99 87 1 100 371 2 82't 29~ 99 1 00 967 00 10 H 10 50Js Rates at End of J<'ebruary 19ti3 Lalt Date of verandering UNON or SOUTH MBle 0:;: KoerMi oinde Feb 1953 Ch::f: UN1: VAN SUDA UlrA OP: Laaate atum Buyir\8 Soiling Koop Vorkoop ~ew York Dollare per SA Montl'\!ll\l Dollll'8 per BA 2 77 2 76 28/ 2/1953 London/Londen BA per 100 Sterling _ 99'87 100'371 31 1/ 19112 ' 1 2 S(\\ 26/ 2(1963 Amllterdam Guilders/Guldel1l per 1 SA 10 741 10 501 7/1952 Pari'Paryl }o'ranc1l/ Franko per 1 SA 9111 00 967 (1() 31 1/ 1962 B~18{Bruaee l Frane{FtBnke per 1 SA 141'40 138 30 31 1/ 1962 Zurioh Franee{Jo'rlnke per 1 SA 12 20' 12'10 2S/ 2/ 1953 ~ionh~nl~o~~ a~n Kroner/Krone per 1 SA 19 53 19 10 1/ 1952 Kroner{Krone per 1 SA 20 201 19 75 l/1962 Stockholm Kronor/Krone par 1 SA 164 14 ' 291 1/ 1962 Litbon EeeudOlJ per SA 81 35 79 50 3 1/ 1952 0087t 1 SA 12'00 137 75 1/ O{l962 Eli:raOOthvillo Franea/Fran1«J ElUlt Africa{Ooa Arika SA per 2 { EA{OA 91l'75 10060 31 1/1952 s Rhodaia/S Rhod68i6 SA per ()} S H 99'87j 100 37i 31 1/1952 A ulltraliafaubtrl\lia A per 100 SA 125 825 1240 525 3/ 1/1952 New 1oahmd{Nu Sooland NZ{NuS por 100 SA 10126i 10000 3/ 1/ 1952 llombav/bombaai Penee/Pennillfl per nd Rupoe/Roepeo 17 00t 18 15t 3/ 1/1962 Karaehi POllco{Pennie8 per Pak RupeefRoopce 25'781 26 061 1/ 7/ 1052

XXCV GOLD TRANSACTONS OF THE UNON (ncluding a w Alrica 8ut<liand Swaziland and Beohuanaland) ( BA milliollll) GOUDTRANBAKBlES V AN DE UNlE (lluitflnde BW Alrika 8oet<l1and Swui1and en Belolljoeanaland) ( aa miljoene) Saloe to ParliN Ou~ id e the Union l Pureh_ from Partie Outaide the Union Verkope Aokopl! &an partye bulte die UDiel van partytl buite die Uwe ( ( Net Netto vetkope' (3) nc~ No< Actual No< in Gold Gold Gold 00ld Boldinga' Output' Output Con Toenarne Netto Werklike Urttption' Netto in goud goud goud goudtit' produklie produiulie verbruik l «( (61 F' Annua1ly Taarlib AVALUE' ( aa milliotlll}waarde (! aa n iljoenej 1048 96 6 91Hi ' 6 2 10\ 6 D n 1413 141 3 of4 1 97 2 1' 242 1t 242 1 142'6 ll 1949 1201 1200 6 ' 11 36 low 121 9 0 1 121 8 2150 146 8 1961 1110 160 0 2 < 147 6 )V62 157 2 167 2 7 1 J6(H Quarter Ended Kwartaal geeuu:ii8 191i1_March~ 32 8 32 8 36 7 JUDe/ unie 36 9 36 9 38 Stlpt(nnber 36 j 36 1 '2 36' 3 D~be r{detnber 2 ~4' 2 7 1 37 1 Annually J lib 1962Marchfu:url ~3 7 :\ 7 7 ' 6 36 1 June/ unie ~ 6 ~4'6 37 2 September 3 2 3~ 2 3 ' 37 7 Deoember[Deeember 3~ 7 3 1 7 < 39 1 19 6 ll070 2 1947 16381 2 1948 28067t 2 1949 13088 3 low 9669 4 O 11603 3 1962 Quarter Ended Kwutaal geeindis 19111Mare~urt 2480 J uno/ uoie 2803 September 2862 2 DeoembertDmber 3477 1962MarchfMaart 3416 June/Jume 3608 September Deccmber{Deeem ber ncluding 88* of gold produot ('1 Equal to oolumn ( ) miou oolumn (2) { Held by Reeerve Bank and oommercial banke (Valued at the oftlcial pri08 of gold but effect of valuation exoluded for the yean 19 6 and 1949) (1 Equal to column (3) plu column (4) () Equal to oolumn (6) minu column (6) Repf'fl«lnt c~ in mine inventorie and net inflow into indujtry art and private hoardt () At tranaction value ttl ncluding gold loen t<l UK 80 million ~un_ 8QUANTTY (Thouamb fine ounollll)hoeveelhed (Duieende fyn onee) (9276000 rine ] 1068 717 11786 11936 16379 6 113 11266 11211 280611 16636 11629 11690 13OM 1566 11620 11708 966t5 1967 11632 11666 11 600 197 11403 11 617 260 2S3 2693 2798 2803 126 2928 2Q06 2860 20 28g0 292<& 3418 2902 2890 ' 34 16 2 2818 3698 ' 3000 2064 16' 18 13< < 100 23 u P) naluitende verkop8 van goudrtodukt& fl Gelyk Ml kolom () minull ko om (2) {l n tit van Reeerwebank en handelflbanke (Gewaardflflr teen die ollilliale pry van $oud maar uitluitende die effek van herwaardering in die Jare 1946 en 199) (1 OeJyk Ml kolqrd (3) pilla kolom (4) (') Gelyk aan kolom (6) mioul kolom (6) Verteenwoordig die verendering in voonade van myneen die netto toevloeiing na nywcrheid cunne en partikulierfl oppottin& () Teen tranaabiewaaroe 46 ( t ) ne1uitende goudlening &D VK 80 m iljoen (92711000 yn onm)

XXVFOREGN EXClANGE TRANSACTONS OF THE UNON (ncluding S W Africa Buutoland Swaziland and Beehuanaland) ( SA Qilliona) DUTELANDSEVALUTATRANBAKBlES VAN DE UNE (llbluitende SW Afrika Daaoetoland Swaziland en Betajoeana1end) ( BA miljoene) PURCHAlE&Aunc:oJ'l!: CHuw N HOLDNGS VtRANDCJUNO N Bl!:SlT Sales P Commaroial Jorom of Gold Total Public SA R6e6rva BM' Totsl Publio Dullion Bank and Union v~ SaM Totaal Verkopa BA Government Totaal Publiek Ontvang8te ~n Reaerwe Bendelauit ataaf publiel!: bank banke eo goudverkope Unieregerin Annually Jaarli~ 1946 182 2 93 l! 276 7 328 3 43 4 D'2 62 6 1947 317 2 134 2 4061 4 410 3 43 1 2 0 41 1 1948 297 8 16 1 1 468 9 480'1 26 0 3 ' 21 2 1949 266 9 l 87 7t 464 6 430'6 23 2 2 1 00 3n'3 79 0 466 3 410 3 37 3 ' 7 46 0 1911\ 468'6 83 8 662' 1 687 t 27 0 8 ' 4 36' 4 1962 1 /1 3 0 2 Quarter Endod Kwartaal goi!indig 1 96 1_Maro~aart 116 ' 6 15'6 131'0 134 3 6 2 3 3 June/ unie 120 20 ' 1 140 2 156 9 13 3 3'4 16 7 September 104'6 19 9 124 5 1:4 6 28 4 ) 6 30 0 Docember/ DeemLer 128' 4 28 3 166 7 1421 119 2 7 146 1952 11aroltu!aarf W 8 27 8 1M O 1056 2 3 ' 6 '4 J6 Junel unie 114 7 28 9 143 6 144 1 1 September 72 ' 3 10 6 Decewbor/ Dll3amlet 12 6 0 2 12 4 ncludif18 raooipta for gold product t ncluding repayment of Gold Loan to UK ( 80 million) lluluitendo odtvldi8te vir goudprodukte t [luluitende terugbetaling va n goudlening aan VK ( 80 miljoeu) XXV NDEX OF HEAL ESTATE TRANSAC'ONS NDEKS VAN TRANSAKSES N VASTE ErENDOM Trall8fer Duty Paid' Here:y;te betaa lndell: ndaka (D_{Baaia 19'~ _ OO ) Tranafer ndt'; Duty Paid' Jndeka Hereregte (B_/Dalia betaajl 1948_ 100) BA 1938 69830 23 1939 64936 1940 60922 20 1 9 ~1 8793 1 28 1942 110267 36 1 9 ~ 3 147994 \9401 167931 01 19411 1661115 1946 244668 79 1947 2774110 00 48 309666 100 1949 227842 1900 2112892 92 11>61 393871 92 1962 416477 90 Repreeentmg!lf ttl t he 22nd March 1961 appro:lumately 2% of t he totl\ valuo of mmovable property t rlulllferred and thereafter approj:imately 3% Monthly Averas Maandalikll8 gemiddelde Monthly MlUlndolik_ SA 1962Jau 374426 ' Feb 428797 92 Mar rlrt 11 12468 Apri 401979 May/Me; 481 864 10 Jun 6061148 10 J1 322174 69 Aug 366227 79 Sept 389822 Oc~ /Okl 423734 9\ Nov 389691 Doc / Des 400100 1953Jan 338902 1 Tot de 22ste Haart 195 1 gely k aan ongeveer 2% van die totale lmklrag a 11 getrampotteerda VUle eiendam ed daaf_ Da gelylt aan ongevear 3%

Year anded 31&t J aar gooiiuilig ~;= 31 Ml4r XXVllGOVERNMENT FrNANCESTAATSFNANSES (t: SA milliolll) (t SA miljoedb) Total Sorplul+ Total Expend 0 ' Revenue' it uro' Dofieit Surplue+ Totals l'otale of nkolbw l UitgoWB ' Tekorl 2 3 103738 61 2 611 8 70 \ 945 46 145 3 196 5 1 \ 1016 47 1557 185 5 29 8 194748 172 0 1116'8 14 '8 1948 49 lli 5 2209 55' 4 1949 50 n 107 5 235'3 67 11 195005 1 195 7 223'2 27'5 1951 1)2 :!26 ' 3 270 2 n!) Month1yMaandelikll 19S April _ :!2'3 20 7 + Mayflloi 11 6 16 6 '0 Jun _ 13 6 17 0 J ul Hi 22 7 72 Aug 25 1 20 1 + '0 Sept 13 2 21 2 8_0 Oct/Okt 12 8 20 7 _0 Nov 20 2 17 8 + 2' 4 Deo/Das 16 ' 16 9 0 8 19152Jau 20 3 22 2 10 Feb 31 3 17 0 + 14 3 Mar/Mrt 24 3 57 6 333 April 14 '6 26 0 10'4 MayfMoi 14 1 18 2 41 Jun lo l 22 1 '0 Jul 17 5 23 7 62 AU/l 22'5 22 9 0' Sept 16'6 215 5 8' Oct/Okt 17'1 215'4 83 Nov 25 3 20 9 + Dec{Doa 24 8 D'4 + '' 1953Jan 24 6 26 2 0 ' l'a[onetal'y No< OllO8l:l P UBLO D&B1' Opera 8orro euh BRUTO STAnxuLo tiom iug Bah~o ce MooeUre ntemel External Total trod Netto Kontnnt Dinne Buire sakl;ea TotaaJ' ladings' &ada lantlae landee 7 8 + n 1 7 3 569 1 13 8 582'9 + 0 7 ' 22'8 0 58 1 2' 13 ' 6 ri94 ' J 3 0 5955 13 5 609 0 6\ 9 Q ft + 64117 13 '4 662 \ 72'5 704'4 30 0 734 ' 4 44 4 16 '9 742 6 33 7 776 3 + 27 2 + 16 7 754 4 48 :!'02 7 77 01 10 1'0 101 ] 262 6 '0 35 744 5 33 7 718 2 3 ' 1 0 7H'4 37 2 781'6 2' 0' 747 3 37 2 784 6 + 34 38 7150 ; 37 2 787 U 67 7 72'8 37 8 780'6 7l 15 1 736 1 378 773 6 + 4R + 3_0 7383 39 8 718 1 2 1 03 736 2 39 8 716 0 + 10 0 2 736 6 40 4 777 0 ' 6 + 03 730 2 42'4 778'6 0 2 14 5 735 8 43 0 718'8 24 1 9 2 764 4 48 3 802 7 '9 6 760 6 4d 3 808 9 38 0 3 763 7 49 0 8 12 7 '0 + 01 769 0 49 6 818 6 6 2 776 2 49'6 824 8 + 0 ' 715 1 50 1 825 2 + 0' 784 0 49 6 833 6 + 8' 792'5 150 0 842 5 ' 0 3' 71H' 0 605 8 ~1' 6 7' + 7 6Q' 783 9 834 4 + 1' 186 0 48 3 833'3 B8Dd on the Annual Finance Account appeariug in the REPO&T8 OJ' TUB CoNTROJLSR AND AUDT01'l GES sb&l and on the monthly statement of Exchequer Reooipt4! and 18!lull8 published in the GOVBaSUl:NT GUrTlC 2 El:cluding borrowing lrld redomption 3 The diacrepanciea between the 6gur611!!hown in column (6) and 19) are accounted for by tho cancellatione of Stock he d by Sinking Funda 4 Accl'Ual from revaluation of gold norvoll hold by SA Reserve Bank 6 Tho bahmoo of tho profita resulting from the revalua tion of gold hold by the Reaerve Bank amounting to 10'9 million wao paid to the PDC a nd pplied to tho redomption of dobt P reliminary Oebaeoer op die Jaatlikoe Finansierokeningll wat in die V!:R8LAC V&N ne KONTBOLEUll E!f O UDJTEUll OENERAAL verekyn on oj? die maandolik!le lltate van Skatkioont vangsle on wtgawea 1008 gepubliaoor in die STAAT!! JtOERUor Uit4!luitondo loninp on aroaaingll Die ofwykingll in dio lylora aangetoon in kolomme (6) on (U) i9 te vorklr uit d ie kanee\l8llill vlln eflekte in die beait van delgingsfond80 4 Opbrengll uit horwaatdoring van dill 8A Reoerwebank eo goud~it s_ Die aajdo van dio wil\ll wat ontlltaan hot uit die her waardoring von die Reeerwobank 118 gondbeait namelik 10 '9 miljoon ill betaal &an die Staatakuldkomill8ari_ en oangewend vir die aflollling van kuld Voorlopig

XXVf NDEXES OF PRCES NDEKSE VAN PRYSE (B\i6{Basia: 1948 _ 100) Agricultural Landbou W UOLElJAL':GROOTlANDU RETAl KLt:urlANDKJ Union of United B Africa' Union of South Arica' Kingdoml CaJlada' Unie van Unio van Sllid Afrika' Verenigdo Kanada' So_Afrika l Koninkryk l Year lind Month Field Crop6 JlUlr en maand and Animal Union mported A All A Product a a_ Goode a_ a_ Akkerbou Unie ngevoerd Alia Alia en Veeteelt goodere goedere goodore A goedere goodere Produkte 193 8 38 62 4 60 2 67 2 <6 1939 37 ' 0 50 M 8 47 1940 42 62 9 6 1 0 62 0 62 1941 67 2 69 3 68 1 70 60 1942 763 70 7 76'4 73 6 1943 '0 83'4 82 5 83 1 6U 1944 63 86 9 84 8 86 0 76 OS 1945 89 6 84 1 87 2 77 66 1946 71 04 0 83 1 80 3 '0 72 1947 S2 97 1 811 1 03 6 S7 1948 '00 100 0 100 0 100 0 '00 ' 00 1949 '03 102 8 109 3 105 1\ ' OS 10:1 19' 107 l 120 8 113 0 120 '0' ]951 182 1 7'0 145 1 129 1 146 12 ' 1052 137 5 160'4 148 0 149 11 7 1900Ju] 13' OS S 121 4 ] 14 1 Aug '38 108 8 S6pt '70 109 4 123 8 115 5 124 11 5 ' ' 122 2 114 i :?O ' O()~ /Okl 175 109 0 124'4 115 6 127 Nov 17' 110'4 126 3 117 2 132 11 5 Doo/Dea 180 111 0 128 2 lj 8 9 133 11 6 19 11 1 Jen 212 1l3 0 129 6 120 1 137 120 ~ eb 22 1 1l2'1l 132 0 120 9 139 123 Mar{Mrt 240 113 0 135 7 122 8 14:l 125 April 2 14 113 4 138 5 124 2 126 MayJMoi 18' 110 3 142 6 127 6 Jl6 126 Jun 183!l0 0 146 3 129 6 1 10 126 Jul ' S 117 1 148 1 130'4 6 126 Aug ' S 117 8 1411 8 13 1 0 '48 :Ui Sept 128 118 1 151 1 132 2 14' 124 Oc~ / Okt 112 117 0 152 7 132 3 '50 124 Nov 11g 8 156 1 135 4 150 124 Doo{De8 14 1294 158'4 ]12 3 '51 123 1!J5:!Jon 138 130 2 1594 143 153 122 }'eb ~ 135 13 1 3 100 5 144 1 120 M&r{Mrt 128 132 5 ](11 2 145 1 15' 11 9 April 120 132 8 161 6 145 3 15' 11 7 May/Mei 1:10 136 3 16~'2 147 3 '40 11 0 J un Jul ]36!! ' 162 2 147 8 149 11 7 138 8 161 2 149 0 '<9 11 7 Aug 140 ]~O 7 160 2 lbo O 148 11 6 Sellt '40 140 0 150 2 1498 14 7 '15 Oct{Okt Nov 165 146 1 158 7 152 2 ' '15 Pee /Dee '69 143 { 158 6 llil 5 140 ' H9 9 14' 195sJsll 142 7 156 6 ' 143 3 158' 6 15 1'1 149 Souroe B'O\: 1 Dep&rtmont ol AgricultureDepartemon~ von Landbou 2 3 Buroau of CelUllla and StatiaticsBuro van S6lU1uQ en Stotilltiek Board of Trade 4 Dominion Bureau of StatitiCli 5 Bureau of Labour StatiatiCli USA' VSA' Union of SouLh Africa' Unie van Suid Afrika' A' All a Food ume Aile Voedael Aile goed6r8 <e 63 8 67 7 6:1 3 67 6 65 4 70 0 ;0 1 73 2 77 2 79'4 64 83 9 84 2 87 6 87 1 66 80 7 89'4 0 1 9 7 96 9 94 5 '00 100 0 100 0 95 102 8 103 7 108 7 107 8 110'4 115 7 167 136 6 125 8 110 5 108 1 16' 108 6 107'4 163 l OB 7 107 0 103 100 8 109 6 165 110 2 110 0 107 11 2 1 ll 8 ' ' 112 4 11 2 0 11 3 0 11 2 6 112 11 3 9 113 3 114 8 114 2 11 6 2 Wi 3 ' 1174 116 1 10' 1174 110 5 109 116 ] 116 4 100 11 5 8 11 6 6 109 11 5 1 11 65 '09 11 6 8 117 3 '09 127 6 121'5 10' 131 3 1229 108 13:? 2 123 1 '0' 132 5 123 2 107 133 0 t3' 8 107 134 1 124 2 107 1:17 1 1215 2 107 135 4 124 8 107 131 3 125 4 107 140' 4 128B 100 142 0 129 3 106 H 2 8 120'5 '00 141 6 129 0 139 6 128 2 '

XXlXNDEXES OF RETAL SALES N FVE NDEKSE VAN KLElNHANDELSVERKOPNGS N URBAN AREAS VYF STEDELlKE OEBEDE (Baae: Monthly Averege 1048 _ 100) (Basia' Maandelikse gemiddelde 1948 100) Physical Year and V&LUE VAARO:: Volume Month Fiai_ omvang Jaar en m!l81\u JohannOll burg' Pretoria' Cape Townl Kaapatad' 1948 100 0 1000 100 0 1949 97'4 96 9 96 1950 115 9 93 9 1J2 3 19151 108 \ 107 6 102 0 11162 108 3 12\ \ 106 3!lSO J all (1 7[i 8 88 ~ Fob 76!! 76 (i 81 7 M8r rmr~ 83 7 85 2 820 April 89 87'4 87!'b yflroi 114 6 87 (i 84 8 Jun DO 4 91'2 87 (; Jul 89'6 86 9 82'8 Aug 90 2 88 9 81'9 Sopt 99 6 102 0 82 7 Od/Okt 99 9 108 1 88'0 Nov 111 8 109 0 109 5 Doo fdos 147 ' 4 127 6 Hil 1 1961J1Ul 92 8 8 1 7 102 3 Feb 92 1 1)4 2 95 1 Mal(Mft 99 9 97 0 96'8 Apri 106 4 99 0 10 9 MayfMei 106 2 110 1 96 1 Jun 108 1 109 9 99 1 Jul 103 7 97 7 H 6 Aug 99'8 102 93'9 Sept 102 9 108 0 87 6 Oct{OU!lo a 110 2 93 7 Nov 118 6 127 2 109 Doof1}e: lli6' 6 146 9 165 1 1962J1l1l 93 6 122 9 102 3 Feb 96 1 120 2 94 8 102 6 101 6 103 2 ~1l;dMrt: 108 11 100 1 104 2 lfay{mlli 110 2 1227 108 ' 4 JWl 105 S 111 6 100 7 Jul 103 0 118 6 96'9 Aug 102'0 106'0 97'4 Sept 10 1 1 124 3 880 Oct{Okt 107 9 127 0 102'6 Nov 113 8 13 1 8 110 2 Deo/Dea 11147 165'4 166 4 1963Jau 019 Combiued Combined Eaat Londo' Durban' ndex ndex OOll Louden' Oosrunentliko Oeeam6ntlike indeks t indebt 1000 100{ loo { O(}'O 96 9 92 8 930 9~ 3 86 a 118 {; 105 ) 106 ij 90 7 123 6 11 2 7 O'! 85 ' 78 8 802 711{ 82 9 79 \ 14 6 790 82 8 77 (j 86 l 87 8 8 1 6 86 5 89 82 3 86 3 89 1 80'4 90 2 87 6 79 8 95 0 88 8 8 1 6 92 6 94 4 80'6 92 2 96 7 88 1 103'7 109'0 99'4 143 2 145 3 129 0 122 3 96'4 96'6 84 6 106'4 89 4 93 1 82 0 110 8 93 1 98 1 86 7 105 5 94 8 103 2 89 3 109 0 98 6 103 5 88 6 11 4'0 104 1 106 7 89 6 107 6 107 8 100 9 86 1 112 0 100 4 100'4 84 8 110 9 102 8 100 1 109 6 101 1 104 8 88 4 134 2 11 1 7 116 8 97 7 178 2 161 3 166 6 126'0 118 4 99 4 100'P 79 7 106' 8 93 6 98 6 71 7 108 0 102 1 102'7 80 9 109 0 104 0 105'S 82 9 122 1 ]07'6 111 8 87 2 lli 9 109 6 106 2 81 9 11 1 2 111 '4 106'0 81 5 1163 112 1 OS8 800 1077 105 10\6 71 6 120 0 1004 109 6 83 2 140 6 11 6 7 11 63 88 1 208 4 182 9 165'4 126 0 Souree: Chamber of Cornluenlo 2 Weight&d average of the fivo urball amm According to tho Cen!W of Dilltribution and Servioo E!t8blioh monte re~ail trios in t~ areus colultituted nearly 50 per oont of total retail aal&!! in the Union in 1016 47 3 Calculated by adjwlting the oorubinad value irldex by the omoial rotail prjoe index for the Union (relit oxeluded) Bron: Karntlr vall KoophamJol 2 B warda gemidd9lda van die vyl Bt&:lelika gobi&de VOga~ die Ser~W van Diatribu1ie en Dien!inrigtinga hot ldeinlumdebvorkopings in hiordio gebiode bykars 50 pdl'&r:rt varl die totlllie kleillhandolsverkoping9 in die Unie in Ol6 f7 beloop 3 BJreken deur die gejamantlike w'brjoindob!'\ te auiwer vir ve rand o r in~ in dio Unie 80 ldeinhlllnde18 pryaindob (huur uitgeeodord)

xxxsouth AFRCAN RALWAYS RUlw&T EU'O 8POO!lWll:Oi J:0l1'rl1 SUlDAFRKAAN8E 8POORWE~ R:~NVJ: EAlU'lNO TUU0 BJ:T~DC VCRVOJ:B 0000 and lfinorail other than Coe Coal To~l Ooedll en minllrale Stallnkool Toteal behal1ll'1 ltoonkool }ODthly Averago SA 1000 1000 1000 Uundelikllll gemiddlllde thou&an<il/duill!ndll Ton Milerronmyi Ton Mill!lrronmyi Ton Uiies/ToDmyi 1938 2702 34 1469 107470 638U39 10'6 4889 627036 306706 832742 1947 6440 649070 3042t12 853322 U1U 6847 603498 304299 907796 1949 6349 683242 329081 1012323 50 7233 716229 3 9M3 1064882 1961 8216 783608 364060 1148667 1952 MonthlyfMaandlilika 1051 Nov 8714 848439 346449 1 194889 Dec ldee 8222 727733 379354 1107086 1962Jao 8662 8 17384 398286 1216670 Feb 8089 774241 386273 11606 14 M&r fm:r~ 8736 82 1702 364292 1185994 April ' 00< 798398 373438 1 17 1837 May/Mei 8663 837289 372742 1210031 Jun 83S1 798207 366 S 1163391 Jul 87S1 8li 1164 4010711' 1262229 Aug 8616 880682 377 138 1267820 Sept 8363 832486 442481 1274967 Ollt/Okt 88BO 861641 422004 1283M Nov 8646 83366 1 382684 1216246 DM/D Sege m ill bottflkking tot vl voerdilm<) XXXJ REGSTRATON OF NEW MOTOR VEHCLESREOSTRASE VAN NUWJo: MOTORVOERTUlE Yza &ND MolO:'H J&&R :N M&&KD Motor Car Motorkarm BUlN Lorriea Trullk and V~ BW vrag aflllwllringt motorll Motor Cycle To~1 Unl Mot4)rf\elall Totale nheile 1938 No Gllta l 37997 No Getal S960 No No lndes l Getal Getal ndllkll i 1881 48838 tl7 3 1946 19 Ul48 1949 19' 1961 11152 195 Dec/ Des 1962Jau Feb Mu' April May/lolei Jun Jui A Sept Or1: Okt Nov Doo fdoo fi060 44420 61062 49899 36265 36606 34tl26 2943 1986 2694 3029 2466 3090 2788 3260 3137 304 7 3200 30 2898 9628 16141 21947 16613 86til 9749 1031 4 21 727 83' 897 743 ' 79 89' 40 1031 92O 776 2997 27fi15 32 3 2201 61762 72 4 2273 8~272 100 0 1827 67299 78 9 1605 46621 64 6 2142 48497 66 9 2602 47442 6(;'6 257 4021 66 6 24 2960 41 ' 7 0 3617 110 ' 276 '202 69 1 3460 48 6 4248 69 8 202 ' 3924 66 2 186 4232 69 6 178 4203 69 l 4L37 682 ' 273 4604 63 187 4161 tlb'4 142 38 14 63 ' 7 1 Puhlilhed by the Bureau 01 Ceuau aac S tat;'ti~ Gepubli_r dllur die Buro van SeJUJU lin Statilltiek 2 Bue l Munthly A rtop H48_100 2 Buil l Maandelibe gemidde1de 1948_100

27 xxxnforegn TRADE' BUlTELANDSE HANDEL l d B A milliotu} A MPORTS (lop) NVOER (va b ) (t B A miljoone) MEBOB ND1S1: KooPWAl!: Total from Gold Grand Govern Totaal uit Specie Bulliont Total mon~ Othaf Munt Staal Groot S_ Ander United AU goudt tot&&1 Ooower Kingdom USA Countriee monta Verenigd6 VSA AU voorrade Koninkryk hmdo Annually J Ulrlikll 1938 86 \ <1\ 4 16 7 1J/H 95 9 1046 13 6 201 7 14 2 66 8 215'1 215 1 H7 )(j S 283' 6 113 8 105'2 300'4 1 3004 1948 22 : :!3 1' 2 11 8 2 122 7 353 5 363'5 1040 31 ] 284 0 13 1 4 8 1 3 3111 ' 1 316 2 10110 20 2 286 7 126'4 4\)' 2 306 \1 1 3070 195 1 J2 ' 457 3 166 4 000 4700 4701 1952 21'0 3D82 4 20 429 1 lfonthiy/ af fl(lndol ik_ J1}52Jan u 37 5 12 2 ) 2 39 0 3110 Feb ' 37 M 142 30 3 311 3 Mnr(Mrt :ij u 13 0 8 ' 38 0 38'0 ~ril 311 /i 14 3 D 41 3 41 3 ay/mai 3li S 11 7 8 ' 37 3 37 3 Jun ' 1 3J6 J2 1 8' 35 6 36 6 Jul 3J ' 2S 71 35 0 35 0 Annually/Jnnrlika 25 :1 Oct /Okt N 29 6 11 7 6' 321 32 1 Aug ' 30/i S ' 7 32 1 32 1 Sop ' 7 ' 1 27 1 26 6 Nov 2 3 28 6 11 5 4 ' 308 30'8 Dec/Dee 2 :! JO'2 32' 32'4 B EXPORTS (f 0' ) UTVQER ( va b 1 Mr:aC1ANDUlEKOOP''ARZ SA Produce SA produkte Gold Grand T Ro Specie Dulliont Tote1 UnitOO r To All ej:porl Total Munt Staal Groot Kingdom USA Countriea Her Totaal goudt totllal N N Na aile uitvoer Venmigde VBA lande Koninkry k 1988 11 2 O' 8 20'0 32 /i 8 105 0 1046 17 7 11'3 80 9 97 7 95 /i 193 2 1047 27'4 10'6 92 '4 12 4 104' 8 141 3 246'1 1948 33 2 121 0 16 8 1J{j 8 242 ll 378 9 1949 35' 4 10'6 139 8 17 \ 166 9 108 6 266 6 1950 00 0 11l'9 228 8 23'6 262 ~ 1 80 1 332' 1011 1 73'0 33'4 :11:1'5 3:1 4 340 9 1 115 0 432'0 '052 2\15 8 30 {\ 332'4 ' 1 1145 427 0 MoothlyjMaandelika 11112Jnn 4 ' 23 2 26 11 33 1 Feb ' 25 /i 3 29 0 6 ' 8/i 1 Mar/Mrt 8 ' 1 27 2 32 4 14 6 7 0 April 6 1 2 24 0 27 0 8 8 35 8 i\ay/mei 6 ' 1 26 1 29 3 38 3 Jun 220 ' 0 24 9 3 36 2 Jut '8 ' 23'7 26 2 6 32 9 Aug ' 2011 25 23 ' 1 28/i Sapt 6 22 2 Jl 2114 31'9 Oot fokt 0 ' 27 0 6 2116 8' 380 Nov 27'0 30 0 6'8 368 Deo /~ 27 0 21Hi 33 2 08 2 t Ocpul>hllOO r dour Dep8l'tement van Dooane en Abrus (OewyligJ TlUlulwnde koopltvoorrade nil goudllrodukta Voorlopige yfe~ (Gewysig) BkaLLinjp van tl ie ~bank (Gewyigj mluitende goudloniug Mn V K { 80 miljoonl 2 Publiahed by Department of Outoms and EJclM (ReVJMd) Tncludifl8 Bhi J)!l' Sto and GoM PtoduoL 'reliminrry flgul'm (Revtl) t RMerve Bank l!:tidlates (Reviled) ncluding gold loan to U K ( 80 million )

XXXOMNERAL PRODUCTONMNERALE PROOUKSfE' A VALUE _ WAAROE f SA thounodda) (f SA dutoadg) AnnWllly J&llika 1938 46 1049 1961 1962 B~& llr:tj!:loua O_onE 1UJ(&1U1& FaKelQU Mnu8 ED~ ~m MetellifefOUl NonYetalliCeroUi Sub Total!o[etalhoudend N ie ld6taauloudend Subtotaal Gold l Other Copper Otber Coo Other Goud' Ander Koper Ander Sleenkool t Andet 86610 36 1059 7~'9 D3848 102872 '41 1774 25~2 8733 117629 ' 96602 '57 3151 2873 80!l1 1313 113687 999111 1206 3 l ti 3237 9143 1(172 11 8092 11486(1 1720 3650 0025 129n2 3100 '4!352 10101776 2615 (jn~1 6936 14197 4161 178886 142D8 (100 8420 12488 U6liO 6006 187420 146699 4734 11633 13670 14640 82 19 1!l9D6 Oiamondlt Ojamante? TOlal TOlUo 1323 05 7 1 10701 1 128370 9818 12340(1 10210 128302 10035 151387 143!19 193276 16345 203766 14776 214 311 Mo ~hly\faalldelikl_ 062Jan Feb ltarp[rt ~)ri ay/mei Jun Jul A Bop' Oct/Okt Nov 000/00 ' ' MontJllyMllandelika ] 9621all Feb 12 2(i 139;'; 11114 16108 11405 6 1074 1183 46:1 14771 ]2 19 1 6l 727 1122 1178 16815 11974 1259 932 1189 ' 723 16'41 12686 f2 1253 1061 1243 108 1 17293 12109 38 258 1186 1103 153S9 12696 194 1llS 1289 '36 11863 12386 1098 1149 0 iri!l28 12322 n ' 983 1063 1246 6 16337 12671 120S 1313 12M 527 10919 12176 41 1117 ]104 1302 1401 16490 12lU' 6O 119n 1330 622 1638 ' U QUANT TY HOFVEFLHElD > > Fine O:t TolU TOni AnnuaUy Fyn G18 Ton Ton J luulika 1938 12 161392 14683 17636230 1946 11 927166 2!l62fl :!663 1427 1947 11 200281 35216 :!1i414800 194 8 11684849 2937:l 26968462 1!l49 11705048 3aO!!! 274274@3 1960 16U37 13 3118 11 2MU6i618 9fil 11 516400 :l8~:j3 21<7077:1:: 195:: S]6!! 1 37606 30037 110?tr1lr'(Mrt Apri MllyfMei JUD '' Aug Sept Oct/O Nov Decno Gold Copper Coo' Goud Koper Sleenkool 976812 2868 2473987 918860 2371 2400792 982129 2380 2696 127 964 8~0 4 204909 1014010 3 ;67 2669940 975626 92' 229861 1 1014703 6362 2022032 997834 1614 2U7468 9!l2600 2921 268S 1012767 4103 2626094 980920 3222 2418040 91178 10 2979 280080 Diamond_? Diamantet MetriG earate Metri_ kafaar 6 18144 1331D!l0 1294986 13G81!)8 149 1627 192fi526 21 ';3170 2349 7 ~3 Gebauer op yfen lfepubuaeer deur 6tutimynlngenteur 2 Ultelultende llteenfrrollfplodull:le 3 Teen re&llaule rde OilalulendG dg pnmle op loudv(lfli:q Dlnp m nj'werhgldadoelelndu Uitllullend e plltlna OewJ'alide Ylen Ocblllcer op erlrope

XXXlVNDEXEB OF EHPLOYMENTNDEKBE VAN WERKVERSKAFFNG (BlUlllfBi8 19 '8 100) Total MloDufacturiog Manuiactllt'iq' Min' mg and Mining Nywerheid' Mynbou' Totae! Nywerheid en Uynbou AU RaCMAlle fa Ye&r a nd Month JllAf 'n maadd Noo Non Non All Non All Europen European Durable Durable European European R_ European E uropean R_ Bl&nkGl!l N ~ Total Good Goods Blankefll N&' All Blankell NUl' All blanke TollUl Du~me Nia blllnkeb _ blanker ralllje goedere duul'sme goedere 1038 62 103 10' 10' 72 76 196 83 81 10' 106 106 03 60 90 02 100 106 104 98 1947 1948 100 100 100 100 100 100 100 100 100 100 100 1949 10' 103 103 101 10 10' 107 107 102 10' 10< 1060 101 10< 103 100 100 11 3 11 2 103 108 107 1 9~ 1 104 112 100 107 112 112 113 106 112 10:;2 106 112 112 117 110 116 107 116 11 3 195 1 Deof>e 10 11 2 110 108 116 11 2 106 1962J&l 104 100 108 110 11 6 110 106 11 0 Feb 10' 112 113 116 116 106 116 114 MU' fmrt 106 ' 11 7 ' 113 113 ' 11 8 118 11 8 108 117 April 10' 116 11 3 112 113 116 116 116 108 117 ' May/Mei 105 116 112 112 112 ls 110 108 111 116 Jun 106 116 112 112 117 116 118 ' ' 107 116 114 Jul 105 112 117 11 6 116 107 A 10' 113 116 116 11 6 107 ' 113 ' Sep~ 1O' 117 110 107 113 O o~ /Okt 104 11 2 117 116 107 113 Nov 11 2 17 11 3 107 114 112 Deo{De8 104 11 2 10 1]4 17 11 2 107 113 Calcul&ted from figures publillhed br Bu~u of (!emmll ond Sttilllics ond Government Minng Enginoor 2 BMOd on consul! figur up to 1948; there6fto(lr on u mplo of principal eetablillhmentll 3 Exoluding quarriee ' ' 1 Bereken uit yfa gepublilleer dallr Buro ven BeLU en Statilltiek en Statollmymngenieur 2 GebNlOO r op lelulullllyfera tot 1948; daarna op mollter Ven belangrikllle bedrya 3 U itsluitende steengroowf! XXXVNDEX OF E LECTRC CUHRENT GENERATED' NDEKS VAN OPGEWEKTE ELEKTRESE STROOl\t' (Ballll/BNie: 11148_ 100) ' ' 110 ' Year/Jaer ndex ndeb 1938 68 19311 76 1940 1941 1942 1lO l!l43 1946 1046 61 1947 100 1949 107 '''0 ls 1961 126 19ti2 136 Published by the Bureau or Cenaus and Statilltice but recalcllated to tha bue 1948_ 100 ndexee are baaed 011 average d ily figul'6ll for the principal ulldartakingl l\[ollth/maand ndex ndekl 1962January/JlUlu'lfie 124 February/Fobrnarie 131 1!arch/Maert 13' April 132 Moy/Me; 137 Junefunie July Julie 14 ' Auguat/AuguetUll September 13 ' October/Oktooor 136 November 131 Deeen:ober/ Deaember 131 19ti$January/Januaria Gepublillller dour die BufO van Sensus ed Statistiek maar omgereken or die buill 1918_ 100 ndekllo is gebluloor op gemiddelde doog lilue lyle vir die vem&amllte ondememinp

XXXvr BULDtNO1 BOUBEDRYF P:aODUOT OHPRODUU'~ Building Plana PMOd Buildingt Commenoedl Number of Cement Building Douphmne goedgekeur l Oeboue waarmee Briokl 8lU1vang gemaak ia Bement Aantal Boultene ndej: ndex' Ton ndex' JndeJ: 1 000 ndeb' 000 ndekl' (2000 lb) ndeka' ndekjl Mon~hly Average Maandelibe gemiddelde 1938 16811 40 8 1366 42 3 SO672 67 1 7 H~ 1939 1 ~ O7 3f l 11 19 34 6 87144 7!H~ 71 2 1940 20 ~ 700 21 7 78838 M 6 60 6 1941 23 769 23 /1 80648 67 ' 69 8 1942 W 107 0 125 87 110 7!H'> 60 ' 1943 ' 13 W 13 ' 8086 70 0 67 2 1944 ' 27 8 10231 1 85 2 648 1946 1647 37 ' 4 1200 38 7 96483 80 3 72 6 o 2213 63 6 21 11 66 3 108420 90 ' 82 6 1947 2661 64 2 24 19 74 9 11 4986 96 7 89 8 23 8 1948 4133 100 0 3232 100 0 120146 100 0 100 0 1949 2992 72 4 2810 go 126263 104 3 93 6 4346 OlH! 3484 107 8 169478 141 1 88 6 1961 6137 148 6 4909 161 9 179447 149' 4 106 0 196! 4768 1 41 63 128 8 18)625 M6 11 3 0 MOllthly Maandalika 196OJun 4503 109 0 3837 11 8 7 169020 140 7 89 9 Jul 4298 104 0 336 103 6 174743 1 46 ~ 89 6 Aug 494 1 11 9 6 4786 148 1 164634 137 0 93 6 1Jep 4204 101 7 4636 140 3 180063 149 9 90 ' Oct/Okt 6486 132 7 40'16 126 6 19470 162 1 94 1 6 Nov 6736 138 8 4226 130 8 175693 146 1 98 1 Dee/Dee 4394 106 3 26 81 8 187624 166 2 85 3 1961Jan 8168 149 0 4701 146 6 177639 147 8 96'4 Fob 6286 162 1 4713 146 8 160078 133 2 94 8 Mar{Mrt 6M6 137 1 4676 14 ) 6 18966 1 157 9 104 8 April 4685 113 '4 4201 130 0 18898 1 167 3 1000 O May/Hoi 6420 131 1 472 1 146 1 200660' 167 0 113 2 Jun 6004 12 1 1 4920 162 2 184601 136 9 108 0 Jui 7114 172 1 6271' 163 1 179283 149 2 11 0 8 Aug 6992 169 2 6826 l io 1! 176679 146 2 113 1 Sept _ 98S0 239 1 7400 229 0 167S92 13 1 4 107 0 Oct/Okt 67 14 138 3 4706 145 6 18 1144 150 8 113'4 Nov 6721 S8'4 4719 146 0 188 168 166 6 106 4 Doc /Dea 6009 12 1 2 3167 97 7 189788 168 0 97 2 1962Jan 4636 100 7 4494 139 0 182739 162 111 9 Fob 60'19 122 4 6128 fi8 7 172446 143 11 105 8 Mar(Mrt 4476 108 3 4222 130 6 190916 M!H Apri 6988 144 9 6 11 8 168'4 188619 166 2 109 8!y/Moi 4693 111 1 3804 117 7 183204 Ui2 11 116 2 J un 46::9 109 6 3618 los 8 179603 149 G 113 6 Jui ' 676 113 1 4104 127 0 18!3t9 M 3 11 9 4 Aug 411 17 110 0 4667 141 0 182430 1111 8 111 8 Sept 6220 126 3 3466 106'9 186980 164 8 113 8 Oot/Okt 6402 130 7 6340 1M 2 10J2112 U16 8 124 8 Nov 4667 11 0 3 4012 124 1 187983 166 6 107 4 Dee /Dei! 31 76 1 2197 68 0 191111 1 169 1 109 11 1911~ l n 3784 91 8 3207 99 2 so 1 Figul'&t upplied by tho BurelW or Ootmlt and Statiatica 2 n t ho 18 principal urban &rem 3 Bue: Monthly Average 1948 _ 100 1 Syreltl venttek dour die Bul'O van SaUD en Statittiek 2 n dio 18 vorn oute tedolike gebietlo 3 Buia: Maandolibe gamiddoldo 1948 100

' XXXvnNATONAL NCOME VOLKSNKOHE ( BA Milli01ll) ' ( BA MiJjoene) Yu 30 J~ Jaar geilindig 30 Jun;e 1931 38 193839 193940 194041 1941 42 194243 194344 19«4' 194~6 194647 1941 48 194849 1949 60 196061 196152 Geogrnphical n~ Oeogralioge inkome 314 8 394 8 433 ~ 411 1 030 9 611 9 622 1 861 3 106'4 144 9 830 ' 4 894 6 1026 1 1226 5 124'8 Mimu: Roo' the World ' M i n : n dio Netto w6reld Not National ncome Vclbinkoma 29 2 34~ 6 30 1 364 1 33 1 399 8 31 1 440 0 39 1 491 8 41 1 630 8 61 1 671 6 63 1 608 2 64 6 660 8 66 3 689 6 69 1 171 3 66 8 828 1 1218 1123'0 86'9 101 1 939 2 1124 8 CLABS PRODUCT VE ENTERPRSE 194960 196061 196 1 52 KLAB PRODUKT EWE ONDERNEUmGS A Buslln: A SULE ONDERNE)llNGO ~cultu~ FOl'Olltry and Fiehing 2 Mwwg: Gold Othor Manufacturing Private Trade and Common:8 Transportation :: SAR & H Other (Private) Liquor and Catering 7 Prof_one Finance (Banking neurance etc) MQUlll&OUl Buein_: (a) Publio: Union Oovllrnmont Municipalili811 Othor (b) Private 146 8 2\2 0 108 2 117 1 33 3 42 1 226 3 211 9 163 6 113 3 78 8 96 2 10 4 11 23 2 11 3 26 4 18 8 24' 2 10& 0 H 2 13'4 142 7 16 3 10& 184 3 114 6 498 293 8 169 6 96 1 3 18 3 29 ' 6 26 5 18 2 15 1 ' 8 16 3 Larulbou BObou Oil V i_~ 2 My nweao: Goud Ander Fabriekswe8e privaat Handel Vorvoer: BAS on H Ander (privaat) 6 VervoniingEKiienate 7 Profeui811 Finanaiee (Banko VOl'lMlkoring one) Divol'lMl llliko: (a) Openbare : Unio regtoring Munillipaliteite Andor (b) Privllll;t B H ollllc OWN':B8Hll B HlH8t:t':NDOlf 10 Private Dwollings n FNAL CONSUMERS Publio Authoriti8ll: (a) Union Oovornment (b) Provincial AdminilltratiolUl (0) Local Authoriti811 ~) Othor (Uighur Education ote) 12 rivat<8 UOUllOholciJ 13 Aggregate of Pel'llOl\l 27 9 31 2 42 2 46 2 31 6 39'8 21 6 2' 2 3 26 1 29 0 33 8 47 3 46 0 211'6 32 6 2 10 Private Woonhuill8 ENDVERBRVKERB Openbare Oworhode: (a) Uniemgering (b) Provinsiala Adminiatruiee (c) PllUUllika Besture ~) Ander (HoAr OndarwY 01111) 12 rivate Huithoudings 13 Verenigings van POnlOllO TOTAL GEOGRAPHCAL NCOME THE REST OF THE WORLD :?inuj <8t incomo accluing NOll Union Factoi'll of Production 1026 1 1226 '1\ 86 1l 101 1 12H 8 121 8 TOTALE GEOGRAFfESE NKOMSTE 14 DE RE8 VAN DE W RELD :': Min lalto inkomllte wliot niounill Jro dukaiofaktore tookom NET NATlONAL NCOME Eotimated by the BWau or Cenou8 and Btatitice ror the y08/'8 ended 3nth rune 939 2 1 12 8 11230 NETO VOLKSNKOi\E Boraam deur die Buro van SelilUll on Btatiatiek vir die jare gelindig 30 Junto

xx mnvesthent S A millio1ll) ' ~!O7~1 A GROSS 11lTVESnrENT BELEQQNO SA miljocnel 1949 1960 li: BRUTO BELEGGNO l UNON OOVElU<o'XB1'T: (a) SAR alld H arboul'll (b) Other Oovernment BUllin_ pn (<) NOlBus;n61111 Departments (d) Net Ch&ngi'l ill nventoriee 2 hovlncal ADUN8TRAl'ON8 3 locfl AUTOJlll'UtB: lal Trading Departmentll (b) Other Department4J TOTAL ]1 OR088 PJtVu'1t hy;8tm ST Enter 21 3 5 5 27 7 32 3 10 13 36 9 5 3 13 '0 17 93 14 72 21 14 12 16 77 ng UU: JlEOElln'G: (a) SAS en Hawellll (b) Ander lake ondememingti van (e) NiellAke ondernemirlglkieparlwnen1e (d) Netto verandering in voorttlde 2 PaoVN8~ ADMJ JTRA8[ Q 3 'LAAlLlXE OWUUflU)J: : (al HandeWlepartemcn1e (b) Ander departemente TOTAtL BRUTO PJl\AT!: BELEOOrNO 4 BUTLONO \ND CoNBTJUJC'J'10N: (a) Fanning (b) O ther O PRODUClta8' DUJlAtlLE EQUJ1'lENT: (a) Fanning (b) Mini:;r (e ) Manu acturlng (d) Commercial Private T ransport and Otlwr 6 NE'' CHANOJ; N NVJ;~TORtE8: (a) Net Change in Liveelock (b) Net Cb&ngi'l in Mining nventoriee (el Net Change ill Book Value of Com mercial and MnaufftCturing lnventoriee (d) meatory Valilation Adjustment T OTAL 7 TOTAL GR088 isy&8l'ment 5 16 5 2 7 b& 159 208 '0 16 10 2:! 244 12 71 24 14 32 13 41 22 1'1 19' 269 21 3 7 5 '44 237 16 2 1 73 106 19 22 20 27 37 39 7 7 e 7 ' 0 13 99 21 8 67 170 270 242 ' 4 Boo~ J;N JrOS9TBUlUJ!:: (a) Boordery (b) Ander 5 DuuxeAK: PllODUli:l!lCXlDDELE : (a) Boerdery (b) Mynbou (e) Fabriekllw_ (d ) Handel private \ervoor en ander 6 Nrrro ~D JU:NO N VOORJUDJr! (a) Netto Wl'&Ddering in v_tapel (b) Nettoverm16ringinmynwl!8evoorrade (') Netto verandering in boekwaarde van voon'ade van aakeondernemmg (d ) AanllUiwering ten opoaigte van voor_ raadwaardering T=~ 7 TOTo\U HRUTO BELKOGlNO 2 3 e 7 0 PuBLC N K8TXElo'' u Dpreciation NET PuBLC JsVUTlllU Gao/l8 ParvATC bivc8tmenl' Le Depreciation N tt PUv An: ~ TOTu Nn lnvesnmnt 78 B NET NVESTMENT 7 9 '80 67 19' 30 33 38 129 147 ' 63 171 202!l20 NETTO BELEGGNG 93 72 77 14 82 63 0 270 60 ' 00 12<1 214 182 17 277 BlUTo OPENltllE BELJl:OOtNO Min waardevermindering N1:!TO P RVAT: B~lNO 4 BRUTO PUVAT: B:lltOGNO 5 Min waardevermindering e NJrM'O PJUVAl': BE1roONO 7 TOTALl!: NJ:T'l'Q BELEOONO Bee Not_ on page 31 t PJ<elim;nary ~ijmtefj Slln aanteketunge op bladay 37 t Voorlopige akattinga

(f BA ailliora) A GROSS NATONAL PRODUcr Ga088 NATONAL PRoDUCT: (a) Net National ncome at Factor Cot (b) Depreciation (0) Gll088 NATONAL PRODUCT AT FACTOR CooT (d) ndimct TaJ:eJ 1_ Subilidillll (e) Oll088 NATONAL PRODUCT /lt XXXJX NATONAL ACCOUNTS Jtrr V ALU: B NATlONAL PRODUCT AND EXPENDTURE 2 GR088 NTONoU P'KonuCT AT FCTOR COST 3 CHO8 NATONAL E:nJ1:NDTURi: : (al Current EJ:penditore of PerBQna Uld Non profitmaking Bodieet (b) Cumlnt EJ:panditore of Public Aoth oritiea and Social Secutiry Funda (c) GnlB Capital Formalion _ (d) Net OventllM Borrowing and RealiM tion of tb (e) Ga08!1 NTON FJ:P'NnlTU1l' JUa1tET V ~~ (f) LaM ndirect TaJ:ea (g) Sobsidil!8 (h) Gaoss NATJON~ EXl't:~n)JrmUl: T F CTOB CosT C PRVATE NCOME A1oU EXPENDTURE P1vT XCOMll: : (a) TotAl ncome from 'ark ond Pro P!lrty (b) Tranafer Paymente received from Public Authoritiea (c) TOT~ PJuvu bcou (before Taxea) PJuvArE ExPJ:JfllTUlU:: (a) Expenditure on CollllWllefll' Goods and SorviOO8 by Pel'8OD tnd Non profit making Bodieat (b) Current trarud'ofll from HoullOholda to Public Authoritie (c) Dil'OCt Tax Paymente including Con tribution to Social Security FWlda (d) P rivate Savingt (e) TO''~ PRJvAn: E:n'ENDlTUll': 196 693 37 730 '88 9< 730 :11 2 1S3 208 M 78 71 13 730 Hl46 ' 22 697 iii:! 3 67 115 697 <7 '46 a 42 863 69 0< 1947 1945 ; 88 863 652 722 114 119 '244 269 166 178 0< 77 )) 1947 729 20 ' 662 3 78 16 ' 932 80 )) 863 ' 26 821 722 83 12 ' NASONALE REKEN1NOE* 6<1 1951t 90' 1067 1123 63 '0 1021 '1140 771 13' 237 118 1021 27 91' '71 11 1130 62 11 92 1 130 81 242 ' 1192 80 18 1130 00 1042 29 1071 81' 99 14 1011 1193 80 12119 D51l ll~3 SO '68 347 121 l2w 23 1193 191Ht 10ge 29 112:1 'M ' <0 121i 1 BA miljoene) A BRUTO VOLKSPRODUKSE BJlUTO VOLUnODUK81Jt : (8) Netto volkeinkoolllw teen faktorkoete (b) Waardevennindering B (e) 8RUTO VOLlUlPROOU!UJC T&C'( ~ TOUt08TJ: ~ (dj lndirekte bel8olltins min eubeidiee (e) BiUTO VOwt8PlOOUKSlS Ttll:N lul11: WAAJlOJ; VQLKSPRODUKSE EN UTGAWE 2 BBUTO VOL8J'BODUll:81E TEEN PAJ[TOB:08TE 3 BJluro VOLUUn'OAWC : (al Lopende oitgawea van persono on nie wida organiaasieat (b) Lopende uitgawea van owerhcid8lig glullel en ~t&alulbeveiligingaf ood80 (c) Broto kapitaalbelegging (d) Netto ~ leninga en vtlrkoop van (e) BalJTO VOLUurroA~ ~ :: WAABOC (f) Min indirekte bel&lltinp (g) Subeidiea (h) BRuro VOLK!lUT(AWtl: TlC N rucrob ~ C PRVATE n'komste EN UlTGAWE PRVAT: NKOM$TE: (a) Totale inkomftte verkry oil work en eiendom (b) Ooniragbetalinga ontvang van owe heidftliggamo (e) TOT&LC PBlVAT'! fskom8tj: (voor be 1l11tingll) PruVATE UT(AWE: (a) Uitga_ van ~o on nie wim organi&b6iea ~ verbruikllgoedere en dielllltet (b) Lopende oon1ragte van huishoudingb san owerheidaliggame (c) Direkte belastings met idaluiting van bydraea tot beetmnabeveili8ing:ll fonclae (d) Private beeparingt (e) TOTALE PRVAT'! UrroAwa

~ ; D OONSOLDATED CURRENT ACCOm'l' OF D OEKONSOLmE~Rr'LO{1'NDE'~ : iliiiiit (i PuBLlO A'lJTROarrms (ii' Somu Szcuarry FONDS (i PuBLC AUTlloarT[E8 REO:lP1:'8 : (a) Direct Taxes (b) ndirect 1'aee (e) Current Tnllafe from Householdt (d) Other CUfTllnt Reooiptc (e) TO'1'AL RzoJ:1lT8 7 E~'lVJtJ:: Ca) Expenditure on Oooda and ServiOllll (b) Trawd'e to HOUllhokb (0) T nwd'er to Social Security Fundt (d) Sutidies (e) Current Surplua (f) T O'1'AL ExpEND''tffi (ii) Socut 8J!:Cn1TY FmrD3 REOlm'1:8 : (a) Transfer from Government (b) Total Contributiona to Social Security Funds (e) O ther Current ReceipUi (d) TO'1'AL RECEPTS 9 EXPEl'DrrtJal: : (a) ExpenditUl'e on Goods and ServiOOll (b) Transfer to BOU8l!holds (e) Cunt Surplua (d) TO'1'AL E;ncNDTt1Ji!: E GROSS SAVNO AND NVESTMENT 10 Oaou SAVNO' (a) Private Savingt (b) Current SurplU of Public Autboritiee 1946 66 11 3 18 16 133 21 13 9 16 1946 ' 1947 11 77 3 17 16' '14 22 16 2 7 9 '''7 16!! 17' '10 22 17' 2 U 2 (c) Current SurplU of Social Security Funda _ 8 8 9 (d ) Depreciation AllowanOOll 37 42 49 55 12 1949 87 ' 88 13 3 18 3 2 9 1949 41 14 ' 191H: 93 ' 011 79 26 201 '29 '40 167 26 27 3 3 18 23 9 201 229 3 U 10 2 2 7 7 ' 19:i l t 149 «14 9 7 7 63 7 (e) TorAL Ga088 DoKESTC SAVNO 1~'~'~3 ~ o1c9 C+~ ~9C+~~c~4 233 :::30 117 (g) TO'1'AL 1~'~9~ :~ ~~26=9:+=23=7:1 :::+c:::: Cf) Net Over&as Borrowing: and RealiBa tion of Foroign etc M 166 178 118 Oaos& DoN1t8Tlc CAPlT1oL FOUfATlON 242 347 242 3n 1~~~ 4:~«C1~2'=':+'~3~7:t:::~cc=4 7 9 KENNO V A ' (i' OWCJUl ld8l100uo: (ii' Bl:8TAAN8BKVJ:tLlON08J'ON'D6S (i) OWClUJElD8L100AXS OtTVAN081'C : (al Direkte belaatinga (h) l ndirekte belastij188 (c) Lopende oordragte \'&rl bu illboudinge (d) Ander lopende inkomate (e) TO'1'ALE O~TVANOS'n UTfU_ : (al Uitgawe &an goeclere en diellbte (b) Oordregte aan huishoudings (c) O~ &an bel!1&&n8beveiliginge fond8e (d) Subeidiee (e) Lopende lurplua Cf) TO'1'tLE UrroAWZ (ii ) BESTAA'i'SB VJ:tLlODl'08J'O'fD81S ONTVANGl8T: : (a) Oordrag Villi owel'heidsliggame (h) To~l e hydram tot bel!t&ambeveiligingsfollme (0) Anderlopende inkomate (d) l'otolu: \ihrtvuj08t& UrroAwz: (a) Uitga_ &an goeclere en dierllte (b) Oordragte &an huiehoudinga (c) Lopende lurphw (d) TO'1'AL Urrr)Awc E B R UTO BESP ARNO EN BEL EGOl NO 10 Baln'O BE8pABQlQ (a) P rivat8 xwp&ring t (b) Lopende surplu van owem eidejig_ game (c) Lopende surplwl van bel!ta&nebeveiligingsfondse (d) Waan:evenninderillglltoel_ (e) TO'1'tL: ~= B N!f1:tAJi08C B 8PAlU};O (f) Netto 00_ leninga en verkoop van buitelandse batel!l (8) T 0'1' AL BaUTO B'NNUufD8J: BCLSOONO ~~~C~~~~~~~~~~~~~~~ See Nota 00 page 37 : Prellllilll&/')' Estunatee Sl6n aantekenmge op bladey 37 :: Voorloplge akattldg! t n clud ing ~ieeions a nd error EJ:cluding lendl_ payment t hwluitende wegl&tlngs en foute Uitcluitende huurleenbetaling :'

XL THE UNON'S BALANCE OF PAYllENTS'DE UNE BE BETALNOSBALANS A JLtUJ8 ( SA mili_ Hwohaodie& 194' 1948 194 1950 19tH Koopwan! mport rob 30' '04 31 nvoer v b E~rob1 100 132 1< 281 Uitvoer v b1 T~ B~~ 2Q~ 222 188 ~EUlB~8 N Oold Outputl 97 F<oigh ''' ~ 33 39 1<7 Netto goudprodukai& V n venekering op invoere Other TTaMporttion t and DW'lWoe Nld Foreign Tnwel (net) Ander venioer' en ve kering en toenateverkeer (netto) nveetment noome (Q8t) ' nkollulte uit (netto) Go_ Die (net) 2 2 2 Regering8 n e'; (netto) 0_ Sornooo (net) Ander (netto) TMU OooM ~o S_VCZ8 (net) 176 2 101 TM~ GOl':OPl': EN Dn:NlT: (netto) DoutioJl8 () 2 3 DonooiM (netto) B~~ o CuoaoNT ~ ' m 10} B~ m LoPl':NDJ: R L'nNO Gold Subcriptioll8 to mad MF 6 Goudbydrae to mho '0 JMF Dollu Dnlwlng from ><F Dourtrekking op mf Official Offiai6le ~ningo Onld to UK Goud ~ VK ( ) 3 Sterling (nettol US Dollan VSA dollan F 3 Switee } 162 60 { ' Bhortterm liabilitiea f 3 2 Korttermynverpligtinp N Private Capital Movemente' Netto partikuliere kpit'beweginga' Omiaions E=N Weglatinga n foute ' TOTAL : Caufo Df GOLDxD Foamol( EltCJUNOC HOLDl'G8 TOTLU : V~OCJUNO n; GOUD ~ B~ + d ) 3 164 17 71 38 VllUTulEtlrr (Toename + alname )

r B QuAa'nlUT 2nd 3m liec'obandi : Qt< Qt< Qt< 1_ 2de Kw Kw Kw mport ob 97 SO l!7 Export fob 76 ~~oa sa sa Net Gold Output oj 61 Other Ourreat ttem (net) 17 B ca OK ~ AoooUll'T 3 DolW Dnwing f~ DfF Qu Kw 113 78 13 Too Ttal '87 281 ta 1< 1 US! l~:! 2nd 3m Total B Kw&aTutJJJ[~ Qt< QU Qt< Qtr Sdo Totaal Kw Kw Kw Kw Koopware: lit 11< os 1 '17 nvoer v Lb 37 3B : 28 73 ' Uitvoor vlb Sl 1<3 ~uu~ 1 17 1 1 1 to BALUf1 Netto goudpredubie l Ander 10pende ~te (amto) or LoPKlfD: R:KmnltG DoUutrekking op na Otloial Lc:a: U8 Dollart 1 Sn FranOi 8h<riterm LiabilitiM' :=te:=ov~:' } 7 TOTJL : Ca lfo 1M GoLD um Fou:ro Excauro BOLD nfo' (ncrenl8+ decrmm) 30 (1) Revir eetimatea No agn indicate a plua!llp (S) Excluding gold buluon gold produot and ehi~' tor () See Table XXV (e) ncluding reoelf;:;or hjll' tor (a) ncludiqg lend yment of!s million (f) Owed to foreign b:e: and foflllian Govemmea~ and mee 19152 loreip individua1a (7) nolding trade orediw and drawinga UDder uranium 10UJ (8) See TaNe XXV lor chage in gold boldidp and Tablll XXV for change in foreign uebaoge boldinp c) Pntrlimizwy Mtlmate 1 8 1 3 11 OfBlille eninp: Sterlina: 2 2 3 10 VSA douan 0 Swit4er'W lranb 3 1 1 1 KorttermyuvflPligtiop' 1 {Net~ l TOT~ kapitatlbe Wegla~1Dg en foute 8 7 17 Burr(Toename+alneme) VBll&XDJ::alNO nrgovd B~ V&LU'rA (1) H_n& kattmga Geen teken dw '0 pluli tekeo MD (2) Uitllluiteode ltaafgoud goudprodukte eolllreepevoornde (3) Sien Tabel XXV (') rwuiteode ontvn1pte vir llreepsv~e (a) oaluiteod& buurmnbet&ling van 25 miljoou (6) Venku!dig MD buitelujdmj badke eo buitelauliml repridga Q eec&rt 19112 buiteland8ll indiwidue (7) lnaluitende bandelakrediete eo ~rekkiogll teem uraankldinp (8) Sien Tabel XXV virvef'&lldering in goud~t eo Tabel XXV m vezoatldering in buitelaud valutabeei~ 1) Voorlo~ bttinp

37 NOTES TO TABLES XXXVU AND XXXX Groa atld Net la utmeot Table XXXV Section A of Table XXXVl has now been changed so as to give a breakdown of Gross Public and Private nvestment (ie net investment plus d~preciation or capital consumption allowances) instead of Nel Public and Private nvestment as in previous issues of this Bulletin Section B of the Table has also been changed in so fa r as depreciation allowances are now shown as a deduction against Gross Public and Private nvestment 50 as to obtain Net Public and Private n vestment Although it s preferable on theoretical grounds to give deta ils of net capital formation ie the net addit;ol' to capital assets of a country during a n accounting period the calculation of depreciation allowances still presents difficulties in this as well as in other countries due to the lack of accurate statistics Statistical sources relating to the Union's actual capital expenditure which includes the amount to be deducted for depreciation are more reliable at the prescnt time and it is fo r this reason that the change from the net to the gross investment concept has been made in the table G ross Nllonl Product lind ElipendllUl'r Tble XXXX Previously Subtable B in Table XXXX gave a breakdown of Net National Expenditure but in this Bulletin the various subitems add up to Gross National Expenditure This means that tem 3(c) now becomes Gross instead of NctCapital Formation Sodal ~ uril )' Fund! Tble XXXX A separate account viz Social Security Funds is now included in Sub table 0 in Table XXXX This account relates to the current transactions oc the Unemployment nsurance Fund and the Work: men's Compensation Accident Fund The revenue of these two funds is derived from contributions from employers and employees (which are treated as a direct tax and included in the direct (a}( pay ments of the Private Sector Subtable C) and a transfer from the Union Government (which is included as a current expenditure item in the Public Sector's account [Subtable 0 (i)]) The expenditure of the Social Security Funds C005ists of administrative: expenses (ie expenditure on goods Bud services) and payments to individuals which are regarded 85 transfer payment! received by the Private Sector in Subtable C The balance between revenue and expenditure of the Social Security Funds is carried down to the Gross Saving and nvestment Table ie Subtable E Formerly the current transactions of the Social Security Funds were included in the Private Sector GroM Slq and nvutment Tble XXXX Subtable E now shows the sources of the funds available for financing Gross nve5tment Gross Saving is equivalent to net saving plus depreciation allowances AANTEKENNGE VM TABELLE XXXVrn EN XXXX Nto ta Netto Brkglna TMbel XXXV Ardeling A van Tabel XXXVU is nou verander om 'n splitsing van bruto open bare etl private belcgging (dws netto belegging plus waardevermindering of kapitaalverteringsbcdrae) Lpv netto open bare en private belegging snos in vorige nommer! van hiordie kwartaalblad weer te gee Afdeling B van die tabel is ook verander deurdat waardeverminderingsbedrae nou as 'n a/trtkpos teen brute opcnbare en private belegging getonn word om sodoende neuo open bare en private belegging e verkry Alhoewel dit op grond van leoretiese oofwegings vcrk ieslik is om besonderbede te venkaf ivm nella kapitaa\vorming dw5 die netto byvchging tot die kapitaalbates van 'n land tydens 'n boekjaar lewer die berekening van waardeverminderings bedrac nog steeds mocilikheid in hierd ie en ander lande vanwee gebrek aan betroubare gegewens Die stalistiese bronne wat betrekking het op die Unie se werklike kapitaaluitgawe wat die bedrag wat vir waa rdevermindering afgetrek moet word insluil is op die oombli k van 'n meer betroubare aa rd sodat vir d i ~ rede die oorskakeling van die netto na die bruto beleggingsbegrip in die tabel aangebring is Bruin Volbrodulr en _ultmwe Tbrt XXXX Voorheen het sublabel B in Tabel XXXX 'n spli15ing van nello volksuitgawe verskaf maar in hierdie blad is die totaal van die verskillende subposte gelyk aan bruta volksuitgawe Oit beteken dat pos 3 (c) nou bruto Lpv netto kapitaalvorming word 8rltuMbinlllglnpfondMl Tbrt XXXX 'n Aparte rekening nl bestaansbeveiligingsfondse word nou in subtabel 0 in tabel XXXX ingesluit Hierdie rekening staan in verband met die lopende bedrywighede van die Werklnosheidsversekerings fonds en die Ongev'allefonds vir die skadeloosslelling va n werksmense Die inkomste van hierdie twee fondse word verkry uit bydraes van werknemers en werkgewers (wat as 'n direkte belasting bcskou word en in die direkte belastingbctalings van die privaatsektof subtabel C ingesluit word) en 'ft oordrag van die Un ie regering (wat as 'n lopende uitgawepos in die openbare owerheidsektor [sub label 0 (i)j ingesluit word) Die uitgawe van die bestaansbeveiligingsfondse bestaan uit administra tiewe uitgawes (dws uitgawe op gocdere en dien'ste) en beta ling! aan individue wat as oordragbetalings ontvang deur die privaatsektor in subtabel C aan gedui word Die verskil tussen inkomste en uitgawe van die bestaansbeveiligingsfond!le word na die brulo besparing en beleggingstabel dws sub tabel E oofgebring Voorheen is die lopende bed rywighede van die bestaansbeveiligingsfondse in die privaatsektor ingesluit BRto kspariq; Hl Brkaciaa: Tbrl XXXX Subtabel E dui tans die oorsprong van die fo ndse vir die fi nall5iering van bruto belegging aan Bruto besparing stem ooreen met neuo besparing plus waardevermindering