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RESTRICTED
Report No. EAP-17a
This report was prepared for use within the Bank and its affiliated organizations.They do not accept responsibility for its accuracy or completeness. The report maynot be published nor may it be quoted as representing their views.
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
ECONOMIC POSIT:ION
AND PROSPECTS
OF THE
REPUBLIC OF CHINA
(in three volumes)
VOLUME III
STATISTICAL APPENDIX
September 11, 1970
East Asia and Pacific Department
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CURRENCY EQUIVALENTS
1 U.S. dollar = 40 New Taiwan dollarsNT$1 = US$0.025NT$1,000,000 5 US$25,000
PLAN PERIODS
Fourth Four-Year Plan: 1965 - 1968Fifth Four-Year Plan: 1969 - 1972
VOLUME III
STATISTICAL APPENDIX
Table of ContentsTable No.
A. POPULATION
1.1 Taiwan Population Statistics
1.2 Population of Working Age and Dependent Age
B. NATIONAL ACCOUNTS
2.1 Growth of Gross National and Domestic Product
2.2 Industrial Origin of Net Domestic Product at Factor Cost
2.3 Expenditure on National Income at Current Market Prices
2.4 Gross Fixed Capital Formation by Industrial Use
C. EXTERNAL TRADE & PAYMENTS
3.1 Value of Principal Exports
3.2 Exports by Regions and by Countries of Origin
3.3 Value of Principal Imports
3.14 Imports by Regions and by Countries of Origin
3.,5 Receipts and Payments on Goods and Services
3.6 Balance of Payments
D. EXTERNAL DEBT
4.,1 External Public Debt Outstancding as of September 30, 1969
4.2 Estimated Future Service Payments of External Public Debts
Outstanding as of September 30, 1969
E. PUBLIC FINANCE
5,,1 Consolidated Budget of All Levels of Government
F. MONEY & CREDIT
6.1 Consolidated Statement of Conditions of the MonetarySystems
6 2 Factors Affecting the Money 'iupply
G. AGRICULTURE
701 Index of Agricultural Production
7.2 Production of Principal Agricultural Crops
7-3 Harvested Area of Principal Crops
704 Agricultural Land Utilization
7.5 Indices of Agriculture Inputs
7.6 Timber Production'
7a7 Fisheries - Number of Vessels and Production
H. OTHER SECTORS
801 Index of Industrial Production
8.2 Growth and Structure of Manufacturing Production
803 Demand and Supply of Primary Commercial Energy
80 4 Electric Power: Capacity, Generation and Consumption
8.5 Transportation Data
I. PRICES & INTEREST RATES
9al Price Indices
9.2 Interest Rates
TABLE 1.1: TAIWAN POPULATION STATISI ICS
End of Pop ulatiori2l Crude Rate-/Year Total Growth_./ Natural
(000) Rate Birth Death Increase
1959 10,806 33.1 h1.2 7.2 3h.0
1960 11,155 32.3 39.5 6.9 32.6
1961 11,510 31.8 38.3 6.7 31.6
1962 11,8157 30.1 37.3 6. 4 30.9
1963 12,210 29.8 36.3 6.1 30.1
1964 12,1570 29.5 31.5 5.7 28.8
1965 12,928 28.5 32.7 5.5 27.2
1966 13,283 27.5 32.h 5.5 27.0
1967 13,617 25.1 28.5 5.5 23.0
1968 13,945 24.1 29.3 5.5 23.8
1969C/ 14,2'64 22.9 25.2 5.2 20.0
a/ Includes estimates of armed forcesb/ Per thousand of populationcl Provisional estimate
S&.urce: Director-General of Budget, Accounts and Statistics (DGBAS)
TABLE 1.2e POPULATION OF WORKING AGE AND DEPENDENT AGEA(in thousands)
Nmber ofPersons of Number of Persons of Percentage Distribution
End of Working Age Dependent Age 60 andYear (15-59) Under 15 60 & Over 15-50 Under 15 over
1952 49,352 3,1442 334 53.5 42.3 4.2
1953 41493 3,605 340 53.3 42.7 4.0
1956 4,892 4,123 375 52.1 43.9 1.0
1957 5,013 4,289 388 51.7 1443 4.0
1960 5,1439 4,904 h419 50.4 15.4 4.2
1961 5,568 5,1U2 469 109.9 45.9 4.3
1964 6,148 5,572 537 50o2 45.5 4.3
1965 6,393 5,667 568 50.6 14.9 4.5
1966 6,682 5,712 599 51.4 44.0 4.6
1967 6,918 5,755 624 52.0 43.3 4.7
1968 7,203 59794 653 52e8 42.4 4.8
/a excluding armed forces
Source: Taiwan Provincial Government, Department of Civil Affairs,Household Registration Statistics.
TABLE 2,:L GROWTH OF GROSS NATIONAEL AND DOMESTIC PRODUCT, 1953-1969
At Current Market Prices At 194 Constant Market PricesGNP GDP GNP GDP
Amcunt % AmounT % Amount p AmountPeriod (mn.lNI$) Increase (mn. NT$) Increase (mn. YTI$) Increase (nn. NiT$) Increase
1953 22,988 33.3 22,992 33.3 44,L72 9.3 44,483 9.31954 25,225 9.7 25,229 9.7 47,776 7.4 47,786 7.41955 30,088 19.3 30,091 19.3 51,745 8.3 51,752 8.31956 34,543 14.8 34.,550 14.8 514,189 4.7 54,202 4.7Average oflst 4-Yr. .Plan 19.4 19.4 7.4 7.4
1957 40,291 16.4 40,346 16.8 58,155 7.3 58,255 7.5,958 44,752 11.1 441,778 11.0 62,327 7.2 62,364 7.11959 51,727 15.6 51,749 15.6 66,952 7.4 66,976 7.41960 62,561 20.9 62,566 20.9 71,177 6.3 71,182 6.3Average of2nd 4-Yr. Plan 1600 160o 7.1 7.1
1961 69,792 11.7 69,867 11.7 76,736 7.8 76,810 7.91962 76,882 10.2 77,004 10.2 82,288 7.2 82,410 7.31963 87,134 13.3 87,280 13.3 90,455 9.9 90,601 9.91964 102,209 17.3 102,366 17.3 102,209 13.0 102,366 13.0Average of3rd -Yr. Plan 13.1 13.1 9.5 9.5
1965 112,867 10.4 113,196 10.6 114,760 12.3 115,o89 12.5'966 125,554 11e2 125,883 11.2 125,526 9.4 125,855 9.-1967 143,0145 13.9 143,259 13.8 138,249 10.1 138,462 10.0].968 167,975 17.14 168,1433 17.6 152,218 10.1 152,676 10.3Av;-rage oflth 4-Yr. Plan 13.2 13.3 10.5 10.51969/1 190,421 13.4 191,274 13.6 165,400 8.7 164,996 8.9
/h Preliminary
Source: DGBAS, National Income of the Republic of China, October 1969.
TtBLE 2.2 INFjUSTRIAL ORIGDh 0 NNT DOKFEI'S PRODUCT AT FACTOR COST
(Mi.lion NT dollars)
1960 1961 1962 1963 1964 1965 1966 1967 -196 1969L
Agriculture, Forestry, Hunting and Fishing 16,528 17,872 17,891 18P8iL. 23,509 2L,797 26,326 285336 31,7L8 30),999MZining and Quarrying 1,177 1,194 1,556 1,L76 1,503 1,757 2,051 2-302 2,218 2,271Manufacturing 8,1458 9,664 1o0426 13,565 17,277 1' 271 20,578 24,089 29,267 3L,946Construction 2,247 2,501 2,788 3,27L 3,601 4,213 )l,816 5,585 6,758 7,691Electricity, Gas, Water and Saritary
Services 650 881 1, 085 1,1o 1,475 1,69> 1,781 1,922 2,302 2,788Transportation2 Storage and Cormunication 2,071 2,711 2,833 3,O8L 3,672 L,363 5,501 5',994 7,396 8,473Wholesale and Retail Trade 7,332 7,965 8,918 10,L34 2,657 13,65 7 14,6$F6 16,745 .18,624 20,981Banking, Insurance and Real Estpte 824 901 1,063 1,276 1,668 2,)076 2,357 23,50 3,612 4,171Dwelling N..nership 3,114 3,586 L,17'S <,7(7 5,209 ,51i5 6,OL5 6,850 Q8,8l 8,998Public Administration and National Defense 6,072 7,050 7,645 8,562 9,6L9 10,377 12,66 14,457 1.6,955 20,154Other Services 2,627 2,940 3h4L1 L,213 L, 739 5,490 6,069 6,675 7,307 8,067Less: Imputed Interest 300 178 183 211 237 357 LI 373 577 610
Net Domestic Product at Factor Cost 50,8.3 57,087 61,646 70,74)9 >4,722 9 1'L^,8 102,2 6 115,L323 133,69L 148,929
/L Prelimina ry
Source: D7D.AS.
TABLE. 2.3. LPEIIDITURi.3 ON MTIONAL INCONE AT CURR9iN1 MFARET PRIC-S
(iMillion NT dollars)
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969/1
A. Consuiition &cpenditure 55,025 6o,760 66,871 72,731 32,562 90,716 98.383 110,790 129,803 145,085
1. Private 43,267 47,666 52,093 o6,654 65,663 71,738 76,768 66,110 99,966 109,654
2. Goverterit 11,736 12,674 14,778 15,677 16,919 18,980 21,602 24,660 29,617 35,231
B. Gross Capital Formation 12,587 13,931 14,623 15,391 19,642 26,090 29,155 36,J52 43,148 50,162
1. Gross Fixed Capital Formation 10,361 11,349 11,623 13,335 14,672 19,09J 23,974 30,165 37,130 43,971
(a) Private (5,451) (5,761) (6,012) (7,329) (9,056)(12,695) (15,339) (16,665) (22,556) (26,244)
(b) Public Enterprises (3,472) (3,993) (3,936) (4,225) (3,601).(3,965) .(5,d9 (6,116) (10,586) (13,220)
(c) Geroral Gove-rmneat (1,43d) (1,59)) (1,07 3) (1,761) (2,213() (2,41 (2,7 ( 3,364) (3,956)( 4,>07)
2. Increase in Stock 2,226 2,562 3,000 2,056 4,770 7,000 5,1dl 5,667 6,01o 6,191
C. icports of Goods and Non-FactorSerdic=s 7,1)33 8,991 10,064 15,444 19,202 20,dO6 26,365 31,507 41,134 47,519
D. 'bpenditure on Total Availa-bility ( = A + B + C) 74,645 63,682 91,558 103,566 121,446 137,620 153,610 176,349 214,085 242,766
L less: Inports of Goods and Non-Factor Services 11,720 13,666 14,990 15,919 18,812 24,493 27,035 34,132 46,650 50,960
F. Statistical Discrepancy -353 53 436 -367 -268 69 -692 -959 -2 -512
G. Yienditure on Gross DomesticProduct ( = D - + F) 62,566 69,867 77,004 87,280 102,366 113,196 125,883 14 3,255 168,433 191,274
H. Net Factor Income from Restof the World -5 -75 -122 -114 -157 -329 -329 -213 -456 -853
I. Ecpenditure on Gross NationalProduct ( + H) 62,561 69,792 76,882 67,134 102,209 112,567 125, 554 143,045 167,975 19o0,421
TA<BLE 2.3 EXP7NDITU>.E ONt N'ATIONAL INCOME AT CURRENT U1,RKE7 PRICES (cont 0 )
(Million NT dollars)
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969/A
J. Indirect Taxes IJet of Subsidies 7,696 8,4oo 10,512 11,109 11,227 149259 15,790 19,037 21L449
K. Provision for Consumption ofFixed Capital L,037 L,380 L,586 5,L22 6,417 7,049 7,797 8,789 10,290
L. National Income(= I - J - K) 50)9R28 57,012 61,52L 70,603 8),565 91,559 101,967 115,219 133,236 148,076
Preliminary.
Source: DGBAS.
TABLE 2.4 -3ROSS FIXED CAPITAL FORMATION BY INDUSTRKAL ULE
(Million NT dollars)
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969LA
A;riculture, Forestry andFisheries 1,897 2,212 2X128 2,290 2,606 3,306 3,567 3,585 4,329 5,551
Mining and Quarrying 215 218 254 224 112 138 307 402 285 213
Manufpcturing .2p434 2,557 2,517 3,030 t1,604 5,68h 7,166 10,106 12,460 14,528
Construction 36 66 50 50 102 91 124 123 163 404
Electricity, Gas and "raterSupply 1,160 1,368 1,762 1,667 1,044 1,816 2,877 3,868 3,887 4,323
Transportation, Storage2nd Corrniunication 1,851 1,952 1,826 2,095 2,421 3,260 L,282 4,707 5,972 7,736
Trade 385 401 552 688 897 1,050 1,197 1,555 2,129 1,794
Ownership of Dwellings 1,L14 1,269 1,250 1,887 1,424 1,861 2,313 3,316 14,561 4,804
Public Administration 754 871 803 755 963 1,035 1,060 1,335 1,931 2,695
Other Services/2 215 435 481 609 699 849 1,081 1,188 1,413 1,923
Total 10,3 1 049 11,623 13,335 14,872 19,090 23,974 30,185 37,130 43,971
A Preliminary.
/2 Including banking, insurance, repl estate and other services.
Source: DGBAS
TABLE 3.1 VALUE OF PRINCIPAL EXPORTSAinount (iii mioin-S uo -rs7 I
1956 1960 1964 1967 1968 1969
Industrial Products 17.4 58.9 206.7 4053 557.8 805r6
Textiles, Fibers & Products 301 21.3 61.2 121.0 203.5 294.5Metals & Machinery 4.4 9.4 31.2 77.7 145.6 223e5Plywood, Lumber & Lumber Products 0.8 5.7 41.8 63.7 86,0 107.0Chemicals 1.1 7.3 23.4 52.5 26.4 38.0Cement & Building Materials - 2.3 17.7 28.6 16.8 11.5Others 8.0 12.9 31.14 61.8 79.5 130,2
Processed Agricultural Products 93.4 95.1 187.4 145.9 164.0 173.3
Sugar 76.1 714.4 135.4 43.7 50.8 48.CCanned Mshrooms - 0.2 15.8 32.7 30.7 32.3Canned Asparagus - - 0.4 24.0 19.0 20.7Canned Pineapples 6.1 805 13.9 19.3 33.1 31.6Tea 5.1 6.3 814 12.4 11.7 13;CitronelLa Oil 5.1 '3.4 4.9 0.9 1.7 2.1Others 1.0 2.3 8.6 12.9 17.0 25.0
Agicultursal Products 19.3 20.2 75.4 123.9 120.0 131.7
Bananas 3.1 71.2 33.4 63.7 57.2 5909Rice 12.8 14.3 18.0 21.2 13.9 4.1Vegetable3s 0.3 1.0 6.5 11.3 12.2 12.1Others 3.1 7.7 17.5 27.7 36.7 56.3
Total (over all) 130.6 1714.2 46945 675.1 841.8 1110.6
Total (foreign exchangesettlement only) 130.1 169,9 463.1 649.9 776.1 1046,)6
Table 3.1 (continued)COMPOSITION (%)
1956 1960 196l 1967 1968 1969
Inustial Products R , l44.0 60.0 66.3 72.5
Textiles0 Fiborp, & Products 2.l4 12.2 13.0 17.9 240.3 26.6Metals & kbc-lnery 3.i 5.4 6.6 )2.5 17.3 20.1Plywood Lumber.& Lumber Products 0.6 3,3 8,9 9.4 10.2 9.7Chemicals 0.8 4.2 5.0 7.8 3.1 3.4Cement & Building Meterial - 1.3 3.8 h.2 2.0 10Others 6.2 7.4 6.7 9-%2 904 l1.?
Processed Agricultural Produc t s _71. 8 54.6 39.9 2X6 1.9.4 15 .6
Sugar 58.5 42.8 28.8 6.5 6.0 4.3Canmed Mushrooms - - 3.4 4.8 3.6 2.9Canned Asparagpu - - Ol 3.6 2.3 1.9Canned Pineapples 4.7 4.9 3.0 2.9 3.9 2.8Tea 3.9 3,6 1.8 1.8 l.i 1.2Citronella Oil 3,9 2.0 100 0.1 0,2 0.2Others 008 1.3 1.8 1.9 2.0 2.3
Agrictural Products l4.8 11.6 16.. 1804 1l4.3 119
Bananas 2.4 40i 7.1 9.5 6.8 5.3Rice 9,8 2.5 3,8 3,1 1.7 0,4Vegetables 0.2 o.6 1.4 1.6 1.4 11Others 2.4 644 307 4.2 4.4 5.1
Total (over all) 100l 0 100.0 100.0 100.0 100.0 100.0
Total (foreign exchangesettlement only) LV0 169.9 h63.1 649.9 776.1 1046.6
TABLE 32: EXPORTS BY REGIONS AND BY COUNTRIES OF DESTINATION -/
1956 1960 1964 1966 1967 1968 1969
A. Amounts (in million US$)
Asia 107.7 131.9 302.0 345.5 358.9 354.7 U5.5North America 6.4 21.4 93.6 126.8 168.5 273.3 3?0T.,OEurope 7.3 10,8 33,8 58.8 75.7 84.3 1 O.0Africa 7.9 4.0 1c,6 19.8 21.3 21.1 31,7Oceania 02 0.4 4,6 6.7 8.6 12.7 17^7
Central & South America 0.6 0.1 3.5 3.1 5.0 8.3 108.Others _ 1.3 5.0 8.7 11.9 21.7 41.5
Total 130.1 169.9 1463.1 569.4 649.9 776.1 10,o16.6
USA 6.3 21.2 84.0 111.9 147.5 239.4 3:)12Japan 46.1 63.5 1440.1 141.7 126.5 141.3 171.0Vietnam 2.7 3.2 38.2 89.7 74.4 37.0Hongkong 9.4 19.6 33.1.- 33.7 48.0 66.8 87.8Fed. Republic of Germany 2.4 4.0 18.1. 31.4 40.3 49.9 53.3Thailand 2.2 3.7 15..7 17.7 25.7 26.5 29-4Malaysia & Singapore 12.6 12.7 20.6 14.5 23.4 34.14 J{I4Canada 0.1 1.5 9,.6 14.9 21.0 33.8 38,8Korea, Republic of 6.8 7.1 6.14 12.5 20.1 14.8 'Q2.Netherlands 0.4 1.2 7.3 9.2 12.4 10.3 13.8Morocco 0.8 1.3 3..0 11.3 10.3 3.4 3.0Philippines 0.2 1.8 8.5- 8.8 9.8 14.6 17.2
Ryukyus 0.5 2.8 4.3 6.2 7.9 8.4 8Iran 13.2 9.9 21.2 6.6 6.2 7.3 e)
B. La Percentages
Asia 82.8 77.6 65.2 60.6 55.2 45.7 42.5North America 4.9 12.6 20.2 22.3 25.9 35.2 3l .Europe 5.6 6.4 8.4 10.3 11.7 10.9 10.5Africa 6.1 2.4 3.4 3.5 3.3 2.7 30uceania .2 .2 1.0 1.2 1.3 1.6 1.6Central & South America .04 - 1.0 0.5 0.8 1.1 1.COthers - .8 .8 1.6 1.8 2.8 14.C-
Total 100.0 100.0 100.0 100.0 100.0 100.0 100C.
USA 14.8 12.5 18.1 19.7 22.7 30.8 33.7Japan 35.5 37.3 30.2 24.9 19.5 18.2 16.3Vietnam 2.1 1.9 8.3 15.8 U.5 4.8 5-LHongkong 7.2 11.5 7.2 5.9 7.4 8.6 8.h.Fed. Republic of Germany 1.8 2.3 3.9 5.5 6.2 6.4 5.3.Thailand 1.7 2.2 3.4 3.1 4.0 3.14 2.8Malaysia & Singapore 9.7 7.5 L.4 2;5 3.6 4.4 3.CCanada - 0.9 2.1 2.6 3.2 140 31Korea, Republic of 5.3 4.2 1.4 2.2 3.1 1.9 1.8 Nletherlands; 0.3 0.7 1.6 1.6 1.9 1.3i 18Morocco 0.6 0.8 0.6 2.0 1.6 0.4 C.3Philippines: 0.2 1.1 1.8 1.6 1.5 1.9 16Ryukyus 0.4 1.7 0.9 2.0 1.2 0.8Iran 10.2 5.8 Ll.6 1.6 1.0 0 9
a/ Exchange settlement figures only
Source: Board of Foreign Trade, Iinistry of Economic Afiiairs,Foreign Trade QC3rterly.
TABLE 3.3: VALUE OF PRINCIPAL IMPORTS
A. Amounts (in millioIn US$)1956 1960 19764 1967 1968 1969
Machinery &e Equipment 52.3 64e4 94.3 303.1 383.8 419.9
Machinery & Tools 35.1 35.7 53.1 181.9 135.9 156.6Vehicles, Vessels & Parts 11.0 20.9 27.3 68.0 129.4 119.3Electrical Materials 6.2 7.8 13.9 53.2 118.5 144.0
Agricultural & IndustrialRaw Material 129.5 122.8 220.2 396.9 44 7.1 563.1
Ores & Metals 28.7 36.3 62.9 1241el 142v6 179.1Raw Cotton 19.8 20e2 33.2 49.6 4185 53.2Crude & Fuel Oil 18.2 11.1 19.1 39.0 30.5 38.8Man-made Fiber & Products 4.6 4.7 16.4 35.9 82.6 108.1Chemicals 6c8 7.7 15.9 38.0 21.7 37.3Logs & Liumber 3.3 2,7 12.5 25.4 29.0 39.0Chemical Fertilizers 21.2 15.6 9.5 7.4 9.3 7.8Others 26.9 24.5 51.1 77.4 82.9a 99.80
Consumer Goods 46.4 65.0 95.9 147.5 195.0 221.8
Wheat & Flour 141 17.0 22.5 31.2 61.5 64.0Beans & Peas 9.5 17.0 19.8 37.5 44.7 52.8Pharmaceuticals 6.7 7.2 8.5 17.9 15.2 16.5Others 16.1 23e8 45.1 60.9 73.6a 88.5c
Total 228.2 252.2 410.14 847 *5 1025.9 1204.8
Table 3.3 (continued)
B. Percentages1956 1960 1964 1967 1968 1969
Machinery & Equipment 22.9 25.5 C 35) 8 37.4 34,9
Machinery & Tools 15.4 11.1 12.9 21.5 13.2 13.0Vehicles, Vessels & Parts -4.8 8.3 6.7 8.0 12.6 9.9Electrical Materials 2.7 3.1 3°4 6.3 11.6 12.0
Agricultural & IndustrialR a w %teria1a=a 56.8 48.7 56 46.8 43.6 146.7
Ore & Metals 12.6 1J.h 15.3 14.6 13.9 14.9Raw Cotton 8.7 8.0 8.1 5,9 4.7 4.4Crude & Fuel Oil 8.0 4.4 146 4.6 3.0 3.2Man-made Fiber & Products 2.0 1.9 4.0 4.2 8.1 9,0Chemicals 3.0 3.0 3.9 4.5 2.1 3.1Logs & Lumber 1.4 1.1 3.0 3,0 2,8 3.2Chemical Fertilizers 903 6.2 2.3 0.9 0.9 0.6Others 11,8 9.7 12.4 9.1 8 .1 a 8 . 3 a
Consumer Goods 20.3 25..8 23.4 17.4 19,0 18.4
Wheai & Flour 6.2 6.7 5,5 3.7 6.0 5.3Beans & Peas l4.2 6.7 4.8 144 4.4 4.41Pharmaceuticals 2.9. 2.9 2.1 2.1 1.5 1.4Others 7.0 9.5 11,0 7.2 7.28 7 a38
Total 100,0 iAl.00Q 10 100.0 100,0 100,0
a Mission estimates,
Sources Foreign Exchange & Trade Commission, Executive Yuan,.Foreign TradeDevelopment innthe_Repubic of China and Central Bank of China.
TABLZ 3.]: IIPORTS BY REGIONS AND BY COUNTRIES OF ORIGIN
A. Amount:s ln million US$11956 1960 I- I7TaW 96 19621!1256 1960 964 1967 19-6b 1969 (9t
Asia 119.2 115.6 192.4 407.5 521.4 612.4 (571.)North Ameri.ca 82.8 104.9 147.6 312.l 320.0 349.6 (2867.9Europe 21.2 25.9 43.3 75.7 97.6 113.1 (109.2Oceania 1.7 3.4 9.7 28.6 26.1 45.0 (44.9)Central & 'South America 1.2 1.0 8.5 14.8 19.8 35.0 (3148)Africa 2.0 1.3 8.6 8.0 9.9 8.7 (8.6)Others 0.1 0.1 0.3 0.5 31.1 41.0 (39.6)
Total 228.2 252.2 410.4 857.5 102509 1204.8 (1096 '.ls)
Japan 79.1 87.2 15oA4 314.7 123,8 489.2 145338)USA 84.4 102.9. 139.8 301.1 305.7 333.4 M2.0)
B. Percentages
Asia 52.2 45.8 46.9 48.1 50.8 50.9North America 36.3 41.6 36.0 36.8 31.2 29.0Europe 9.3 10.3 10.6 8.9 9.5 9.4Oceania 0.7 1.3 2.14 3.4 2.6 3.7Central & South America 0.5 0.4 2.1 1.7 1.9 2.9Africa 0.9 0.5 2.1 1.0 1.0 0.7Others 0.1 0.1 -- 0.1 3.0 3.4
Total 10Q0. 100.0 100.0 100.0 100.0 100,0
Japan 34.7 34.6 34.2 37.1 h1l3 40.6USA 37.0 40.8 34.1 35.5 29.8 27.7
a Foreign exchange settlement only.
Source: Central Bank of China.
TABLE 3.5 ZECEIPTS AID PAMi-EdiUS ON GOODS AND SERVICES
(in million dollars)
1962 1964 1966 1967 1968 1969
A. Receipts
1. Exports8, f.o.b. 218.2 434.5 542.7 653.7 825.9 1,079.9
2. Non-monetary gold - 0.4 o.5 1.3 - -
3. Freight and insuranceon merchandi;-.e 10.1 7.7 10.3 31.1 23.1 21.1
4. Other transporiLtion 0.4 5.1 11.1 20.3 28.5 34.2
5. Travel 1.8 7.0 20.4 34.1 64.7 66.8
6. Investment income, of which: 1.9 5.14 8.4 11.1 11.9 19.0
6.1 Direct Investment 1.2 7.0 2.0 3.7 3.4 3.5
7. Government, n.i.e. 12.5 5.4 46o7 41.0 60o.2 44.6
8. Other services 8.4 1.3 19.5 6.2 26.9 52.6
Total .253.3 491o.3 659.6 798.8 i,041.2 1,318.1
B. Payments
1. Imports, f.o.b. 341.0 407.8 585.6 716.3 899.8 1,101.0
2. Non-monetary gold 0.3 - - 0.3 - -
3. Freight and insuranceon merchandise 23.5 34.0 58.2 80.0 87.1
4. Other transportation 10.9 13.4 20.9 28.3 38.3 36.7
5. Travel 2.6 2.8 3.6 7.6 15.9 12.8
6* Investment income, of 'rhich: 4.3 4.4 10.4 16.4 29.9 39.3
6.1 Direct investment - 0.3 3.3 6o4 15.9 16.3
7. Government, n.i.e. 11.2 14.6 14.7 21.3 47.9 20.2
8. Other services 8.5 16.2 16.6 21.3 63.3 77,6
Total 378.8 482.7 685.8 869.7 42175.1 1y374.6
C. Balance -125.5 8.6 -26.2 -70.9 -133.9 --56.5
J Imports, c.i,f. Source: CenTral Bank of China.
TABLE 3.6 BALANCE OF PAYMENTS(in million US dollars)
196L 1965 1966 1967 1968 3969
A. oods Etd Services (=I + II) 8.6 -95.8 -26.2 -70.9 -1i-3.9 -56.5
I. Trade Balance 27.1 -72.14 -42. -61.6 -;3.9 -21.1
1. Exports, f.o.b. h3b.5 450.8 542.7 653.7 825.9 1079.92. Imports, f.o.b., of which: -407.8 -522.8 -585.6 -716.3 -b89.8 i1io. !2.1 (U.S. aid Imports) (-48.5) (-60.1) (-33.0) (-27.8) (-17.6) (-13.2)3. Non-monetery gold Q.1 -o.4 0.5 1.0 _ _
II. Net Services -18.6 -23.4 16.2 -9.3 -60.01. Freight and merchandise insurance -21.5 -23.7 -271. -57.0 - .05. Other Transportation -8.0 -6.8 -9.8 -8.0 -9.8 -2.56. Trpvel 4.2 147 16.8 26.5 148.87. Investment income 1.0 -2.6 -2.0 -5.3 -18.0 -20.38. Government, n.i.e. 3.0 2.5 32.0 19.7 12.3 24.49. Other services -2.9 0.3 2.9 -15.1 -36.3 -25.0
B, Trpnsfpr PRyments 20.2 32.9 23.7 24.4 16,1 6.9
10. Private 12.1 15.2 18.2 26.2 15.3 8.011. Ceantral Government 8.1 17,7 5.5 -1.8 0.8 -1.1
Balance on Current Account (A+B) 28.8 -62.9 -2.5 -16-5 -117.8 -.496
C. Capital Y.cvements .48.2 50.9 72.1 111.2 57.8 130.7
12. Foreign and overseps Chinese investment 15.6 10.0 8.4 26.6 27.3 50.613. Cther private long-term, net /a -2.9 13.7 22.4 90.3 51.0 79.6
13.1 (From U.S. Governzment) (-0.2) (-0.6) (-0.1) (10.5/b) (11.3) (6 9/k)13.2 (From IBRD) -(96) ( .6' '..6T3 (6.6) (15.L7
Table 3.6 (continued)
1964 1965 1966 1967 1968 1969
13.3 (From IDA) (U,5) (1.1) (-) (_) - _13.4 (From EXIM Bank of Japan) ( (7.7) (30.5) (150a) (5.B)1305 (From others private sources (-5.2) (3.3) (9.2) (32.8) (17.7) (51,1)
IL. Other private short-term, net 18.? -h.9 4o.7 -L1.4 -5701 -6.L5. Central and local governimnts, long-term loans, net 23.L hO.3 30.7 22.7 203 L
15.1 (From U.S. Government) (8.1) (2L.1) (8.3) (17.6) (-3,9) (Li.6)15.2 (From IBRD) (-) (-) (12.0) (3.1) (-) (-)15.3 (From IDA) (1 9) (o.6) (0.2) (-0o1) (-) (-)15.4 (From Japan - JOECF) (-) (-) (o.6) (6.2) (8.5)15.5 (From others, mainly U.S. private sector) (1r.L) (15.6) (10.2) (1.5) (-) (-0.1)
16. Central and local governments, short-term, net -l.i1 -3.2 -28.5 it,.6 35.9 8.317. Capital subscriptions and changes in assets of
official institutions b _c. _ -1.6 -1.6 -1.6 _5.8
D. Monetary Sectors (- indicates increase) -65.i6 16.9 -69.8 -59.1 L3.1 -39.2
18. Commercial banks, assets, net 3 , 2)Y.7 -L7.6 -10.9 63.8 L3.519. Central Bank's assets, net -9.3.b -7.8 -1b.7 -29e4 -20.9 -131.820. Monetary gold -L753 - 7. -18.8 0,2 -0.9
E. Errors and Omissions - i -L.9 0.2 -5.6 16.9 801
ea Including central and local government enterprises.i; Including $16,776 million from U.S. Export-Import Bank loans.
iource: Central Bank of China
Table 4.1: CHINA - EX(ERNAL PUBLIC DEBT OUTSTANDING AS OF DECEEiBER 31, 19681/WTITH M±AJOR REPORTED ADDITIONS JANUARY 1 - SEPTEMBER 30, 1969
Debt Repayable in Foreign Curre:ncy
(In thousands of U.S. dollars)
Debt Outstnndin,g Major ReportedS'ource December 31, 1968 Additions Januarv 1-
Disbursed Including September 30, 1969only undisbursed
TOTAL EXTERNAL PUBLIC DEBR'' 0hl,3 8o 8)49,o50 111 1N6
Loans no', in service /2 178,5)0 1785)110
W4orld Wnr II Ini.erpovernrmental debt 59,139 59,13_$150,000,000 Sino-Soviet loan 1939 h,l28 46,177-£7,859,000 Sino-British loans 1939nnd 1941 13,011 13,011
Post-WJorld WAr II debt 119 1401 119 )401-11.S. Government lonns 65,)6
kLxport-Import Bank /3 1,T437 1Y7 37Other 46, 989 146,989
(Cannadian Government lonns _53,975 53,975
Loans with re-payment terms not settled 88_,681j 88,68)4
World War II debt 19,59)4 19,59)4£5(,000,000 Sino-British lonn 19.s 19,59) 19,59)4
Post-World 'Wsr II debt 69,090 69,090$79; ,051,78' U.S. Government surpluspropert.y credits 69,090 69,090
on.nns current,ly in service q81.Q,)6 il6Priv.'tely held debt 119 .9±2J _ 13.3 569
Suppliers 116,823 130,508 19,711Geiinnny ,7T7 11,117I tnly 5,763 5,763 -Japan 92,895 9)4,908 26,856Ne tli erlands 1hhgo 14)40Swi tzerlnnd 1,380 1,380 96Uni t.ed Kingdom 190 190 14)4)United States 13,782 25,145)4 1,198
Financial institutions _ 3,100 5,U5 13,269Germany 7,77Switzerland 1,990United .Stntes 3,100 5,14)45 8,000
Loans from internationalorganizations 52,190 167,872 141,200Asian Development Bank - 10,600 10,000IBRD 39,107 1414),189 31,200II)A 13,083 13,03 _
,ee footnotes nt the end of table.
Table 41?- CHTINA - LX NAl PUIRLIC_ DE'BT OU'13TANDTN(j AS OF DECE.,MBER 31, 19683 /1;,IfTh MAJOR REPORTED AD)TTTONS JANUA}RY 1 - S3T,P'['hMRR 30, 1969 (,oNCT
Deb'. Repaynble in For; ,-gn Currency
(In '.housnnds of U.S. dollirs)
Debt Outstanding YiThjor ReportedSourcse December 31, 1968 Additions January 1-
Disbursed Includin7 September 30, 1969only undisbursted_
lhnns From governments ;--°O: 03 ?7 01 17,1-76C' ,- nn- cii , %Et- m p ;
Ja,<P,4 5t1 1 99 ,2 10 " ,OO1UJnited Ststes !3V ,97L 17, 471 7 ,i7"
1 JTeLt t i th an or:iginsl or mtendned mnturiI.y of' over onie yesr.-7/ Excludes ,1l Pre-WorI War IT debt, consisting qlmost entirely of publicly issued
bonds, the exact. vnlue of wlcic is no[. definitely estr)blished.3/ Excludes ronrpge ti.ted por'ions of two Ex-port.-Import. Innrlk lonns, included bolow! :s
currently in servyi e
Stntistical Services DivisionEconomics Department
June 25, 1970
Table 4.2: CHINA - ESTIMATED FUTURE SERVICE PAYMENTS ON EXTERNAL PUBLIC DEBT OUTSTANDINGINCLUDING UNDISBURSED AS OF DECEMBER 31, 1968 WdITH MAJOR REPORTED ADDITIONS
JANUARY 1-SPTEMBER_30, 1969
Debt Repayable in Foreign Currency
(In thousands of U.S. dollars)
r,ERT j'JTST(OEGIN IF PERIOCJ) PAYMENTS DURING PERIO(Jf
INCLlU)ING A'V1iRTIyLAR UNDISpURSED 7ATItN INTEREST TOTAL
TOTAL EYTE kN1AL PUP1LIC D0BT
19b9 54'),P275 4n,221 16J777 56,9981970 611,410 46,)P60 .20,477 66,5371971 565,350 55,226 22,995 78,22(1972 51I,!125 58#8F.9 22,986 81,7951973 451,316 560,21 21,481 78,4011974 394,395 53,249 19, 071 72,o2(1975 341,146 47,J495 16J 83 64,J1781976 293,651 42,747 14J152 56,89919(77 250,904 49,952 11,951 61,903198a 200,952 28, '54 9,390 38,2441979 1729,'98 22P875 7,942 30,P81719H0 149,223 21Jsfn5 6J740 28,34519t1 127,618 17,727 5,630 23J3571962 109,P92 15J994 4J714 20,70819o3 93,898 15J,197 3,884 19*O81
Note: Includes service on all debt listed in Table 1 preparedJune 25, 1970, with the exception of the following, forwhich repayment terms are not available:
Total $41,552,000
Suppliers 2,997,000Loans from governments
United States 38,555,000
Table 4.2: CHIINA - ESTfl4ATED FUTURE SERVTCE PAYMENTS ON EXTERNAL PUBLIC DEBT OUTSTANDINGINCLUTDIG UNDISM3URSED AS OF DECEMBER 31- WITH' MAJOR REPORTE ADDITIONS
JANIJARY I-SEPTM13BER 30 12696(CONT.)
Debt Repayable in Foreign Cuirrency
(In thousands of U.S. dollars)
P'FAT '3ITTSTc(EG,IN :)F PERIon) PAyhALNTS nURING PERIOD
I NCLUil I N G A '43RT IYEAR u,mIDIS8IJQ%En 7ATInN INTEREST TOTAL
PNIV/ATELY- ELD DLRT
1969 132P956 22, 145 5P458 23P2031970 163D,192 23, 3 6u 6038o 29,,4q
1971 139,R32 28P 931 7o,385 36,3171972 11,P901 27P283 5,627 32p909
1973 83,,616 21,676 4,230 25,9061974 61,942 17.744 3.118 23i86219r5 44,198 12- 24 2.2 .3 15.1341 9 7 6 3 1 s 2'T 5 6.P 4 9 8 I 9 5 3 a I 1' Q361977 22P776 19,46'4 w,20 21P5841978 3,312 2,1-'4 ,;X 2,327
1979 1*129 557 5n 61519b0 572 5f37 26 583
19b1 a5 15 1 lA
S Pf9L IERS
1969 127,511 22,36j 5v034 27P3941970 144o663 22,u06 5,531 27,5371911 122,857 23,102 6JO04 29.3071972 99,755 23,654 4,877 28,5311973 76,#10l 18,716 3J740 22J4571974 57o384 .15.317 2,849 19J166
1975 42,r'067 12,')34 2.078 14.,1121976 30,0(34 7#6r)8 1.463 9,071
1977 22, 425 19#230 1. 103 20,3331978 3,195 2,ni67 140 2,o206
1979 1,129 557 60 6161960 572 .557 26 58319hb 15 15 1 16
Table 4.2: CHINA - ESTIMATED FUTURE SERVICE PAYMENTS ON EXTERNAL PUBLIC DEBT OUTSTANDINGINCLUDING UNDISBURSED AS OF DECEMBER 31, 1968 WITH MAJOR REPORTED ADDITIONS
NItARYT 1-5TEK'BER 30, 1969 (CONTo.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollars)
)ERT tijTST(BEGIN OF PERIOD' PATmLNTS DURING PERIJO
.INCLUr ING A'10RTIOYLAR UNDIS6URSLD 7ATIO,i INTERLST TOTIj
PRIVATELY-s,'ELD DE8T
FINANCIAL INSTITUTInNS
19'g9 5p445 3n5 424 8091970 18P329 1.o354 849 2P203971r 16D975 59P829 1O 181 7DO1o1972 11P146 3D $29 750 40 3781973 7D517 2DQ66 489 3P4491974 4D558 2P427 269 po 6961975 29P131 R9U 132 1P0221976 1D241 R9 75 96419?7 351 234 17 2511978 117 117 3 120
LOANS FROM INTERNATIONAI. ORGANIZATIONS
1969 167,812 2P940 3P5 8 4 6P5241973 2069 1 32 3D 9 39 5D r76 9D 7151971 202D193 6 p 4 P 1 7 0 , 3 2 1 3 p 8 1 31972 195S 12 oJ1 32 9D682 19P8141973 185D580 1OD9675 90DJ75 2,o 5511 97 4 174D 99,)5 1 1D ,58 9D 759 21P 33 9
1975 1639325 120 7,10 99 423 229 1291976 15U P618 1301 63 89625 21D 78 1977 1 3 7 P4 5 5 130396 7D603 21D2011976 124 p !57 13P491 69963 2094541979 110,P166 119.0i7 6,P140 189v1271980 98P579 110662 5P395 1710571981 86p,917 11D1 4,S670 15,83(1962 75D757 1 Op 382 39 988 14D93701983 65D374 9D 649 30 361 1 39 01 0
Table 4.2: CHINA - ESTDIATED FTTURE SERVICE PAYMENTS ON E,YTERNAL PUBLIC DEBT OUT6TANDINGINCLUDING UNDISBURSED AS )F DECE6 ER 31, 1S i WITH MAJOR REPbRT ADDITION'S
JANUiARY 1-5EPTEMBETi 30, 1.969 (CONT.)
Debt iepayable in Foreign Currency
(In thousands of U.S. dollars)
f', FT 01I TST,BEGIj',lNF PERIMn) PAYLtiNTS DURING PERIOD
.INCL(DING A 'ORTI-yEA R UNDISBURSED 7ATInN 1,TER? ST TT_TAL
LOANS FROM INTERNATTDNAL ORGANIZATIONS
ASIAN 0E ;ELnPMENT 3ANB
1969 100,00 m - -
1970 2006U() - -
1971 20P600 S 27 771972 20,355) 1Q9C7 1. 380 3,2881973 18,643 1,95 5 19248 30?.o1974 16,68a 2i 1 1 1s113 3s,1241975 14,673 2P' 7 U 973 3o0441976 12,0i03 2P131 830 2,9611977 10,471 2.,19b 682 2,8811978 8,273 2,26Y 530 2,7991979 6,n004 2,o295 374 2i6691960 3;708 2,376 214 2P59i1981 1,332 1.332 69 1,401
I fRD
19 e9 144,189 2,94o) 3,486 6,4261970 172,449 3,939 5,678 9.6171971 168,510 6,431 7,207 13,6381972 162,*079 8.1)94 '8.204 16,2981973 153,985 8,586 8,530 17,1161974 145,399 9,438 8,0550 17,98R1975 135,961 10P505 8P 54 18M45 91976 125,456 1n,901 7,7n1 18,6021977 114,5.55 11,169 7,pu28 18,0971978 103,486 11.91 6,P341 17,4321979 92,395 9,561 5,675 15.2361980 82,834 9, 155 5,0091 14#2461961 73,679 9,697 4,512 14,2091982 63,982 9,990 3.900 13.A901983 53,992 9,257 3.;276 12,533
Table 4.2: CHINA - ESTIMATED FJTU2E SERVICE PAYMIENTS ON EXTERNAL PUBLIC DEBT OUTSTANDINGINCLUDfIJG UNDISBURSED AB OF DECEMBER 31, 1968 WITH MAJOR REPORTED ADDITIONS
JANUARY 1-SEPTEMBER 30, 1969 (CONT.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollars)
OE9T rJUTST(i3EGIN OF PERIOt3) PAsME'NTS DURING PFRIO0
INCLlJDING AIC'RTI-yEAR UNDIS9(JRSED 7ATIrnt INTEREST TOTAL
LOANS FROM INITRNATIONAL ORGANIZATIONS
I) A
1969 13,)83 - 9e 981970 13, 983 - 98 9P1971 13,fl83 - 98 981972 1 3 .*O83 131 99 2291973 12,952 131 97 2281974 12,921 131 96 22719T5 12,991 131 95 2261976 12,560 131 94 2251977 12,429 131 93 2241978 12,296 131 92 2231979 12,167 131 91 2221980 12,036 131 90 2211961 11,906 131 89 2201982 11,775 392 88 4801983 11,382 39W 85 477
LOANS FROM GOVERNMENTS
19b9 239,447 14,,536 7,735 22,2711970 242,087 18,761 8,32o 2700811971 223,325 19, 0 13 8,278 28,0911912 203,512 21,394 7,678 29,0721973 182,118 24,57o 7,375 319451974 157,548 23,925 6,194 30P1191975 133,623 21,P65 5,0o50 26,9151976 111,758 21DI06 3,99o 25,0751977 90,A72 1 7,fi89 3 02a 20,l11
1978 73,583 13, 179 2,283 15,4631979 60,404 10,331 1,743 12,P741980 50,073 9,386 1,319 10,7051981 4o,687 6,551 959 7,51019b2 34, 135 5,612 726 6,33 81983 28,524 5,547 524 6,071
Vable 4.2: CHINA - ESTIMATED FUTURE SERVICE PAYKENTS ON EXTERNL PUBLIC DEBT ()UrOU iANDTNGINCLUDINC UNDltS13UR3E AS OF DECEBER 31 M93q-VITH AJOR REPORTED ADDITION,;
JAN_JAIY l- 50E10R3t.59(w
Debt Repayable in Foreign Currency
(In thousands of U.S. dollars)
DEPT OUTST(SEGIN OF PERI1o) PA'HLNTS DURING PERIOD
INCLUDING AM ORTrIYEAR uNnISSURSED 7ATIOrN INTEREST TOTAL
LOANS FROM nO'/ERNMENTS
rANADA
1969 4,62:5 925 * 9251?70 3,700 25 925197 2,75 9 9251972 1,850 V25 925
1973 92 5
j A P A N'
1969 99,.206 4,713 3,357 8,0701970 104,494 6,634 3#509 10,1431971 97,860 7J 70) 3p 784 11,4851972 90,P160 8,9A9 3.,706 12P6751973 81, 190 1.O537 3,941 14,478
1974 To,653 1o0S37 3#374 1399111975 60,116 10,537 2,807 13,3441976 49,579 10,537 2,240 12,7771977 39,342 10o537 1,673 12,21(1978 28505 6,533 10.163 7p69419T9 21,972 40888 850 SP7381980 17,084 3,88;6 622 4#5o81981 13,199 2,62 2 448 3,0691982 10,577 1s79;0 ;356 2,1451983 8W787 1 T7 45 ;292 2,F018
Table 4.2: CIIINA - ESTThIATED FUTURiE SERVICE PAYMTNTSi ON EXTERNAL PUBLIC DEBT OUTSTANDINGINCLUDING UNDISBURSED AS OF DECEMBER 31 68 WITH MAJOR REPORTE-) ADDITIONS
JANUARY 1-SEPTEMBER 30, 1969 (ONT 0 )
Debt Repayable in Foreign Currency
(In thousands of U.S. dollars)
DERT OUTST(BEGIN OF PERXOr) PAYMENTS DURING PERIOD
INCLUDING AMORTIDyEAR NQN SiURSED _ATION INTEREST TOTAL
LUANS FROM GUVERNMENTS
UNITEu STATES
1969 1350616 8P898 4DJT8 1 3 D2761970 133p'93 I1D 2 0 2 4D811 1 6 001'4
1971 1220690 11P1 8 8 4P494 15068A1972 111a5o3 11D500 3P9 7 2 15PB7i1973 1o0POO3 1 30435 16D5421974 86D8 9 5 13D388 2S821 16D20
1975 730507 11032d 2P243 13o051
1976 62 179 1OP549 1T7 5 o 12D2991977 51D630 6P552 1P356 TD90O1978 45 907 8 6P647 1o120 7D(671979 3do431 5P443 893 6 D3 3 6
19b0 32P 9 8 8 5p50u 697 6o1971981 27P488 3P9 3 u 511 44W1962 23P558 3p P22 3 70 4pD92
19B3 1 9 o 7 37 30 822 23j1 4DOS 3
Statistical Services DivisionEconomics Department
June 25, 1970
Table 5.1. Consolidated Budget of all Levels of Government
A. Amount (in millions of new Taiwan dollars)
FY 1960/61 FY 1961/62 FY 1962/63 FY 1963/64 FY 1964/65 FY 1965/66 FY 1966/67 FY 1967/68 FY 1968/69 FY 1969/70
A. Reverues 12,354 13,64 ,O22 17,298 2122,233
8,023 41,371 42,005 4Q,834
1. Taxes 9,651 10,157 11,258 12,840 15,246 17,286 19,549 24,347 32,602 31,628
a. Income and profits 998 830 767 1,131 1,3$4 1,280 1,375 1,822 2,547 2,964b. Property and capital transac.1,423 1,496 1,711 1,888 2,150 2,437 2,654 3,648 5,248 5,083c. Commodities and services 5,192 5,631 6,279 S,S09 7,838 8,950 10,503 12,361 15,927 15,135d. International trade 2,038 2,200 2,501 3,012 3,894 4,S19 5,017 6,516 8,880 8,446
2. Profits of public enterprises 1,035 1,417 1,090 2,183 3,109 2,371 3,946 3,069 4,529 3,976and utilities
3. Other revenues 1,668 1,890 1,674 2,275 3t°53 2,576 4,528 3,955 4,874 5,230
B. Expenditures 14,068 15.614 16,457 18,486 23,836 30,726 32.869 42,018 43,01
1. General administration
nd defense 7,955 8,404 9,005 9,5SI II,IF6 13,590 14 416 26,417 19,436 19,6412. Security and police 607 697 754 814 869 1,030 1,251 1,492 1,557 1,6443. Economic reconstruction and 1,323 1,306 1,544 1,798 1,816 2,284 2,676 3,392 3,508 3,244
cormunication4. Education, science and culture 2,054 2,196 2,315 2,546 2,794 3,459 4,070 4,830 6,668 7,3755. Investments in public 465 680 759 773 2,455 1,108 4,103 1,999 3,369 2,599
enterprises6. Social and relief affairs 909 1,117 1,260 1,495 1,699 1,124 2,198 2,577 3,618 4,4497. Public debt 380 562 399 674 970 776 1,540 1,573 3,006 2,6788. Others 374 453 421 405 602 465 472 584 856 1,871
C. Deficits -1,714 -1,950 -2,435 -1,188 -983 -1,603 -2,703 -1,498 -13 -2,767
D. Financing of deficits -
1. Domestic bond issues 400 500 760 848 1,217 2,315 3,136 3,455 2,235 3,1882. Transfers from counterpart 1,290 1,052 1,060 910 760 640 480 360 240 --3. Changes in cash balances 24 398 615 -570 -994 - 1,352 -913 -2,317 -2,462 -421
(increase in cash reserves)
Source: Hinistry of Finaance, data supplied to the mission
1/ Actual figures for FY's 1961-1969; budget datas for FY 197D excluding supplementaxy budgets of TaiLan Provincal Government nd local govenmnenta (F = July I - June 30)
'y 1jc'-r F'; i7'"i62 i' 2/S3 P,Y i9t3!f'. rY' 1964/65 ; ;, • 6 F-i li1t'5t,7 FY 1967/68 FY 1968/69 FY 1969/70
A. Revenues IS.? . A. 17.1 VL.2 . .,._ 20.3 20.1 23.3
1. Taxes 14.6 i3,S . '. '3.5 14.1 14.3 15.6 18.1
a. Incone end profits H.' iJ O. 9 1-2 1.3 .1 .') 1.2 1.4
b. Property and capital a.; .3 2- 1 2.i 2.0 2. ;.0 2.3 2.9
transactionc. Coemodities and services q.8 7.7 7.6 1.2 7.3 7 7.8 7.9 8.8
d. International trade 3.1 3.0 3.0 3.2 3.6 3.9 31' 4.2 4.9
2. Profits of public enterprises 1.6 1.9 1.3 2.3 2, 2.0 2.9 2.0 2.5
and utilities
3. Other revenues 2.S' 2.S ' .0 2.4 2.8 .2 3.: 2.5 2.7
B. Expenditures 2 .2 2.0 20.8) 39.5 7.8 L2.3 21.1 23.3
1. General administrationand lefense 12.0 111 13 u5 3...31 7 10.6 10.7
2. Security and police 0.9 G. 0. 0.9 0O93. Econoaic reconstruction and 2.4 1.8 19 1. .0 2.2 1.9
commnication4. Education, science and culture 2 1 3.0 2.8 < , i 7.6 2.9 3.0 3.1 3.7
5. Invest-nt in public 0.7 0.9 'J.9 0.° '.3 0.9 3.0 1.3 1.9
enterprises6. Social and relief affairs 1.4 1.5 1.5 1.6 1.6 0.9 1.6 1.6 2.0
7. Public debt 0.6 0.8 0.5 0.7 0.9 0.6 1.1 1.0 1.7
8. Others 0.6 0.6 0.5 0.4 o.6 0.4 0.4 0.4 0.5
C. Deficits -2.6 -2.7 -2.9 -1.3 -0.9 -1.3 -2.0 -1.0 -
Source: Table
1/ GDP at current prices adjusted to fiscal vcyars.
TABLE 6:: CONSOLIDATTD STATEMENT OF CONDITIONS OF THE MONETARY SYSTEM4.a/(Billion NT dollars - endc of period) Mrh-
Marchb1964 1965 1966 1967 1968 1969 1970
AssetsNet foreign assets 11.3 10.6 13.4 15.7 114.0 17.6 19.6Claims on Government 6.9 7T0 8.8 10.3 11.6 11.7 12.1Claims on Government enterprises 7.3 85. 9.4 11.,4 1 24 p 13.9 114.3Claims on Privete Sector 20.7 26.$5 31.1 38.2 48.4 60.1 62.0
Total 45.3 627 75 103,3 5Tff
LiabilitiesT'oney suouly 13.14 14.8 17.4 22.1 24.9 28.9 29.0limp ard s.vings deposits 19e7 23.L 29.4 35.5 4J.0 148.5 50.2Grnv%ment deposits 3.6 5.3 8.0 9.5 13.3 16.0 17.5U."L. AID deposits 5.6 5.6 4.3 3.3 1.8 1.7 1.5Uncl2ssified liabilities and capital account (net) 3.0 3.4 3.6 5.2 6.6 8.2 9.8
Total 73 72i 103.3 39
2/ Including all banks, credit cooperative essociations, irutual loans and savings corpanies, ihe creditdepartments of farmiers' associations, and the Directorate General of Postal Rerittances -rd Savings Banks-,
§/ Prsliminary estimates.
Source: Central Bank of China, Taiwan Fin ncipl Statistics Monthly.
A'ABLE 6.2: FlACTORS AFFECTIN4G 'IHE MONEY SUPPLY_'
(Million Nr$) arch /
1964 196,5 1966 _ 1968 1969 197
General Government 457 -662 -92 -12 _2398 -2692 -1137Claims on Government 79 9 177 11185 1"3 -85Govepxmen t deposits -3141 -16.46 -2719 -11497 -38641 2607 -1558
Government Enterprises 910 1078 981 2029 1011 1515 1406Claims on Governnit enterprises 910 IO 981 2029 1011 1515 ;
The Private Sector 358 2070 -1367 1001 5765 3096 263Claim on Private enterprises and others 4tX 7 l37 711L 10205 1162 1901Time and spvings dei-osits -14192 -3729 -5997 -6110 -LUhO -8566 -1638
U.S. Aid Counterpart Funds!.S. Aid Deposits -903 8 1297 978 14189 165 199
Foreign TransactionsNet foreign assets 2612 _672 2790 2317: -1716 3583 2003
CGpital and Others (net) -201 -1408 -221 -1609 -1361 -1 6 41 3 -1639
Changes in Money Supply 3233 11411 2548 14707 2790 4024 95
e2 Changes during the year except for March 1970; figures wittiout any sign indicatethe said transactions have an effect on the money supply to increase; minus sign inindicates a reverse effect.
b| Changes during the first quarter of 1970; preliminary estimates.
Source: Central Bank of China, Taiwan Financial Statistics Monthly0
TABLE 7.1: IND$X OF AGRICULTURAL PRODUCTION
(1966= 1oo)
Year GenerdJ Crops Livestock Fisheries ForestryIEndex
1955 56.o 58.3 47.0 46.5 52.6
1956 60.4 63.2 47.1 49.0 56.1
1960 71.2 72.4 67.2 61.5 76.5
1961 77.3 77.5 74.4 73.2 87.0
1962 78.9 78.5 79.1 75.8 88.5
1963 78.5 77.4 79.4 31.3 87.4
1964 88.5 88.2 84.2 87.8 106.0
1965 95.1 95.5 90.1 89.4 109.9
1966 100.0 100.0 100.0 100.0 100.0
1967 105.9 104.1 113.9 108.7 103.8
1968 112.4 109.2 120.4 130.8 109.0
1969 112.2 106.3 128.3 138.5 111.5
Source: Ministry of Economic Affairs
Table 7.2: PRODUCTION OF PRINCIPAL AGRICULTURAL CROPS
(Thousand metric tons)
1955 1956 1960 1961 1965 1966 1967 1968 19691
Rice(Brown) 12615 12790 1,912 29016 29348 2,380 2,414 2,518 2,322Sweet Potatoes 29437 2,568 2,979 3,234 3,131 3,460 39720 39445 3,705Vheat 19 27 46 44 23 29 24 17 10Corn 9. 11 21 27 41 52 64 51 45Soybeans 24 26 53 54 66 63- 75 73 67Peanuts 67 82 102 105 126 115 137 106 101Jute 19 17 21 14 13 11 10 11Tea 15 13 17 18 21 22 24 24 27Bananas 85 59 114 130 452 528 654 645 584Pineapples 71 83 167 174 231 270 296 311 325Citrus Fruit 30 35 53 55 114 137 155 176 168Sugarcane /2 6,089 6,343 6,736 7,922 9,490 8,924 6,744 8,268 7,012Mlushrooms -- -- -- 23 32 38 50 52 33Citronella 99 73 80 132 107 60 58 0.0Vegetables 671 803 814 968 963 1,052 1,209 1,458(Asparagus) (--) (--) (--) (1) (17) (44) (31) (52) (60)Cassava 121 159 159 265 264 299 342 316Tobacco 12 15 16 16 16 15 18 21 21
/1 Preliminary
/2 Crop years - production of cane
Source: 11inistry of Economic Affairs,, and Provincial Departmentof Agriculture and Forestry, Taiwan Provincial Governmento
TABLE 7.3: HARVESTED AREA OF PRINCIPAL CROPS
('000 hectares)
1961 1965 1966 1967 1968
Rice 783 773 789 787 790
Sweet Potato 236 234 235 236 240
Cassava 17 18 17 19 21
Peanuts 99 104 98 98 95
Citrus 9 15 16 18 19
Bqnanas 15 27 36 44 44
Pineapples 10 11 12 12 12
Sugar Cane 101 111 106 90 96
Vegetables 91 109 113 115 119
Source: Provincial Government of Taiwan, Taiwan Agricultural Yearbook,1969 Edition.
TABLE 7.4: AGRICULTURAL LAOD UTIIZATION
Year Total .Padd Land Total Average AverageCultivated Double Sirgle Area af Index of Acreage Acreage
Area Total Crop Crop 7.Tplands CroTs/L Multiple Per Farm Per Farm(thousand (thousand (thousand (thousar.O. t,housar!d (thousand Crcpping/2 Family Worke rhsctare) hectare hectare) hectare) hectare) hectare) (per ce tY (hectare) (hectare)
1955 873.0 532,7 332.7 200.0 340.3 1,495 171 1.19 0,48
1956 875.8 533.1 33102 201.9 ,42,7 1,537 176 1.17 0.48
1960 869.2 525.6 329.1 196.5 3i43,6 1,595 184 1.11 0.46
1961 871.8 528.1 330.6 197.5 943.6 1,620 186 1.09 o.46
1965 889.6 536.8 337.5 199.3 352.8 1,685 189 1.05 048
1966 896.3 537.4 339.2 198.2 358.9 1,702 190 1,05 0.47
1967 902.4 537.6 338.6 199.0 36!'8 1,690 187 1.04 o.47
1968 699.9 535.3 336.4 198.9 361,6 1,6cL 188 1.03
/1 Total area of all crops produced during the year,,
2 Percentage of total area of crops to total cropped area-
Source: Provincial Department of Agriculture and Forestr;. na Yearbook (1967 liition); and JointCozmmission on Rhral Reconstruction.
TABLE 7.5: INDICES OF AGRICULTURE I1'PUTS
(1960 = 100)
Quantltyof Total
Area c,f Multiple/l Agri- Chemical
Cultivated Cropping cultural Fertilizer Water
Year Land Index Population Applied Sprayers Pumps Tillers
1955 100.L4 93.3 85.7 8h.6
1956 100.7 95.6 87.5 95.2'
1960 100.( 100.0 100.0 100.() 100.0 100.0 100.0
1961 100.3 101.3 101.7 95.7 111.1 120.7 137.h
1965 102.3= 103.2 106.8 119.b 155.1 383.2 269.5
1966 103.1 103.5 108.1 125.1 160.2 421.4 288.0
1967 103.8 102.1 110.7 136.5 173.6 505.3 336.1
1968 102.5 102.5 111.6 lLh.8 173.3 588.6 386.4
/1 Total crop area divided by total cultivated land and multiplied by 100.
Source: Department of Agriculture and:Foregtry, Taiwan Provincial Government,
Taiwan Agricultural Yearbook (1965, 1966, 1967 editions) and C.I.E.C.D.
Taiwan Statistical Date Book 1967.
fABLE 7.6s TIMBER PRODUCTION
(9000 i 3 )
Saw-ETniber ProductionConifers Hardwood Total Firewood Total
1955 296 185 481 135 616
1956 247 246 493 161 654
1960 1483 339 822 174 996
1961 583 315 898 179 19077
1965 779 338 1,117 199 1,316
1966 736 272 19007 171 19178
1967 723 338 1,061 210 19271
1968 758 360 1,118 200 1,318
1969 1,s150
Sources Department of Agriculture and Forestry, Taiwan Agricultural Year-.book , 1969.
Table 7.7: FIETES - NUMBER OF VESSEIS AND PRODUCTION
Fishing VesselsNumber of Vessels Tonnage ('000 tons) Fish Production ('000 metric tons)
Year Total Powered Sampans Rafts Total Powered Sampans Total Deep-Sea/i Inshore/2 Coastal/3 Ponds
1955 24,369 2,758 8,083 13,528 54.0 41.4 12.6 180.6 36.4 51.3 47.2 45.7
156 25,771 3,215 8,283 14,273 60.9 45.6 15.3 193.4 44.0 63.7 43.3 42.5
1960 28,045 5,541 5,917 16,587 87.4 78.3 9.1 259.1 85.2 94.9 30.0 49.0
1961 27,474 5,816 5,652 16,0o6 93.2 83.6 9.6 312.4 1o6.1 117.4 31.5 57.4
1965 24,608 8,167 4,871 11,570 124.9 117.9 7.0 381.7 135.C 160.9 30.7 54.2
!66 24,870 8,842 4,923 11,105 148.5 142.0 6.5 425.3 169.3 172.3 25.2 58.5
1767 25,409 9,657 4,850 10,902 183.1 175.1 8.1 458.2 189.1 156.5 26.4 56.2
1966 25,350 10,068 4,619 10,663 211.9 204.5 7.4 531.2 241.5 208.1 25.0 56.6
1269 560.8 255.1 221.6 27.0 57.1
/1 Fishing with powered vessels of more than 50 tons./2 Fishing using powered vessels of less than 50 tons.
/3 Fishing with unpowered vessels or without vessels.
Source: Taiwan Fisheries Bureau, Department of Agricultire and Forestry, Taiwan Provincial Government.
TABLE 8.1 INDEX OF INDUSTRIAL PRODUCTION
(1966 - 100)
Electric- Construction-General Manufac- ity,, Gas, of
Year Index Yining turing and Water Buildings
1955 26.2 43.8 25.4 31.4 12.8
1956 27.5 46.4 26.6 34.4 9.3
1960 43.3 67.3 b2.6 52.6 U.1.9
1961 49.9 79.0 h8.1 56.h 10 9
1962 55.5 85.7 53.5 64.1 12.9
1963 60.6 88.5 59.2 67.9 14.3
1964 72.5 94.1 71A8 80.2 17.3
1965 86.2 97.4 85.9 88.0 64.3
1966 100.0 100.0 100.0 100.0 100.0
1967 116.8 103.7 117.9 114.8 121.8
1968 141.8 103.4 145.4 134.6 156.0
1969 116.3 10143 172.1 154.3 189.1
Sources Ministry of Economic Affairs.
TABLE 8.2: GROWTH{ AND STRUCTURE OF MANUFACTURING PRODUCTION8
PercentageAnnual Growth Rate Distributionof Production (%) of Net Product
171-77 1965-66 3-966 19 9 1961 1I663
Food 9.4 5,9 2,5 8.6 26.7 J17Beverages 5.5 114,3 20.7 19.7 0.6 0e8Tobacco 1.7 4.4 1,3 6-1 2.5 3,7
Textiles 9.1 2141,4 27.9 22.2 10.6 11,6Apparel and other wear(inc. footwear) 19.8 29.1 59.1 23.4 3.8 3.1
Wood and wood products 16.3 6,6 1L,5 1200 5.2 4,0Furniture 22.3 31,8 23,7 39.0 1,1 1.2Paper and paper products 1247 15.9 13.2 13.6 3.2 2.9Printing 7.2 1 2.^ 17XO 1'.\3 4.7 2.8Leather and leather goods -8.0 12.l6 341 -tL 003 02.Rubber products 13.0 3..3 5i36 i 3 2e, >)
Chemicals and chemicalproducts 34°9 18o6 14,4 10. 8.9 10,7
Petrochemicals and coalproducts 6.3 19.1 20.4 31.8 6.0 8.9
Other non-metallicminerals 118 16.8 7.4 5.7 7.9 6.9
Basic metals 13.14 11.0 7,5 210o 4.2 1,8Metal products 31.3 109 -3.4 28.3 3.1 2.8Machinery 22.7 19.8 25.6 4.5 2.9 3.6Blectrical machinery
appliances, andelectronics 44.4 60.8 128,6 42.9 2.2 8.7
Transport equipment 33,2 35.4 1904 16,9 3,0 5.7
Miscellaneous 16.8 7.1 8.0 -145 108 2.2
Total Manufacturing 13.9 19.3 23,3 18,3 100.0 100.0
La Annual rate of production growth Is based on production index (1966-100);percentage distribution of gross product is the net domestic productat factor cost based on National Accounts datao
Sources Ministry of Economic Affairs9 The Reublic of China, Taiwan Indus-trial Production Statistice.Fbnthly,
Table 8.3: Demand and Supply of Primary Commercial Energy
(In 1,000 i4/T of coal equivalent)
1956 1960 1961 1964 1966 1967 1968
DEMND 4695 6/752 7,278 8,553 10,899 12,138 14,229
Domestic Consumption: 4,233 942 6,303 8,120 10,o95 11,054 12,895
Electric Power 1,384 1,831 2,016 2,639 3,422 3,750 4,330Hydro' 1,000 999 1,085 1,008 1,190 1,124 1,638Thermlal 385 881 931 1,631 2,232 2,626 2,692
Coal and itsproducts 1,350 2,709 2,810 3,439 3,725 3,918 4,270
Petroleum products 958 1,317 1,426 1,814 2,573 2,905 3,640Natural Gas 41 36 51 228 375 482 655
Exports: 408 710 715 577 647 775 930
Petroletum Products 218 449 450 481 644 771 923Coal Products 190 262 265 96 3 3 7
Inventory Change 53 9g 260 -144 157 309 404
SUPPLY 4,695 !,752 7,2.8 8,553 10,899 12,138 14,229
Domest:-1r Produc.i-on, n. )_L. OO0 ,3777 6j8 6,870 6L221 7,760
3,962 ',237 5,028 A014 5,078U 5,01I-ydroF.Electric Power l,U0. 9'')9 1,085 1,0038 1,190 1,12 1,638Natural. Gas 4> 35 51 235 616 735 1,014Crude C)il 3 4 13 50 54 93
Imports: 1,120 1,752 :,901 2,269 4,029 5,147 6,469
Crude Oil 1,120 1,752 1,901 2,269 3,516 3,868 5,248Petrol Products - - - 504 1,260 1,o98Coal - - - - 9 18 123
Source: CIECD, Taiwan Statistical Data Book, 1969
Note: Eigures may not add u.p because of rounding
TABLE s ELECTRIC POWERs CAPACITY, GENERATION AND CONSUMPTION
1964 1965 1966 1967 1968 1969
Installed Capacity (MW) 1,130 1,186 1,475 1,580 1,940 2,245
Power Generation (million kwh) 5,911 6,455 7,340 8,1412 9,802 112119
Hydro 2,359 2,585 2,660 2,634 3,864 3,052
Thermal 3,555 3,870 4,680 5,778 5,938 8,067
Consumption (million kwh) 59185 5,672 6,481 7,470 8,762 10,051
Residential 9445 1,108 1,352 1,631 1,9659149
Commercial 170 183 211 250 302
Industrial 4,236 4,557 5,190 5,907 6,881 7,784
Source: Taiwan Power Company
TABLE 8.5: ThAIJSPORTATION DATA
1960 1964 1967' 16 1969
Railways /a
Track length (tOOO km) 5.6 5.4 5.5 5.5 5eLocomotives (number) 731 678 768 716 698Freight cars (number in '000) 26.9 28.5 31L1 31.9 3143Passenger cars (number) 1,082 1,091 1,183 1,280 1,683Passenger Traffic (million
passenger - km) 3,609 4,027 5,112 5,517 5,936Freight Traffic (million
ton - km) 2,071 2,364 2,542 2,710 2,585
Highways
Length (thousand km) /b 16.2 16.3 16.8 16.9 17,0Licensed motor vehicles
(thousand) / 48.7 81,1 211.8 567.3 731v7Passenger Traffic (million
passenger - km) /d 3,173 4,322 5,603 6,279 6,771Freight Traffic (million
ton - km) /e 317 521 784 989 1,186
Harbor Traffic (thousand tons)
Loading 3,022 5,397 6,893 7,376 7,957Unloading 3 870 4 888 8 863 11 239 13,893
Total 6,592 21,850
Shipping
Total gross tonnage ofvessels 1• ('000) 539.4 837.5 1,036.9 1,216.3 1,352.8
FreightersitOOO GT) 4142.J. 722.8 856.1 983.9 1,080,0Ocean Freight in ton -
nautical miles (million) U1,760 20,994 22,335 25,216 30,033
Aviation (International)
Passengerst (in thousandpassenger - km)International 54,377 117,876 203,45h 243,891Domestic 35,359 83,825 101,357
Freight Tonnage (1,000 ton/km)International 6,808 12,512 22,254 22,989Domestic 1,101 5,868 7,010
/a Taiwan Railway AdmiMnstration (TRA) and other rai'ways (Taiwar SugarCompany, Taiwan Forestry Bureau and until 1967 Taiwan Metal and MiningCorporation.)
/b Including about 1,400 km (1969) of urban roads7- Including motorcycles7R Excluding city bus lines7T Trucls7if Excluding fishirg boats under 20 GT
TABLE 9.1: PRICE tNDICES
A. General Irdices of Wolesale and Consumer Prices in Taiwan
1959 1960 1961 1962 1963 1964 1965 1966 1967 22
Wholesale Prioe s
Old Index (1956=100) 123.1 140.5 145.0 149.4 159.1 163.0 155.4 1.57.7 161.7 164.9 164.5New Index (1963-5=100) - - - - - - - - 100.5 102.5 102.3
Major City Consumer Prices
Old Index (1956=100) 126.0 149.2 160.9 164.7 168.3 168.0 167.9 171.3 177.0 188.1 197.6New Index (1962-4=100) - - - - - - 111.3 118.3 124.3
B. Indices of Wholesale Prices in Taiwana(1963-65 = 100)
Textile Metals Rubber ChemicalsFabrics Leather Fuel & & Manu- & Manu- Wood & M3nu-
General Fiber & & Its Elec- facturers Bii1ding facturers Pulp & facturersIndex Food Products Products tricity Thereof Timber Materials Thereof Paper Thereof
Weight 1000.0 417.9 151.4 2.5 67.8 101.8 14.5 53.1 8.7 26.1 78.5
1967 100.5 103.9 90.3 101.8 100.2 101.1 124.7 104.9 90.9 100.8 100.51968 102.5 106.5 91.0 101.3 191.5 102.2 132.6 108.7 87.1 98.3 104.51969 102.3 106.1 88.2 104.3 103.3 105.6 129.8 110.6 90.3 102.9 103.61970 Jan. 104.1 108.5 87.3 106.7 103.7 109.8 125.7 109.2 90.3 113.0 104.1
yeb. 104.2 108.5 86.6 106.9 103.7 111.5 125.2 108.9 90.1 14.7 104.DMar. 104.8 109.7 86.2 106.3 103.7 113.2 125.3 108.7 90.1 ''5.5 102.4
a/ Only selected items are incliued in the table.
C. Indices of Major City Consumar'a Prices in Tailwant1962-b4 = 100)
MedicinesOeneral Communication and medical Bducation & Misce71aneous
Index Food Clothing Housing Service C&re Recreation
Weight 1000.0 577.0 49.0 192.1 18.6 73.5 62.7 27.1
1967 111.3 114.2 98.3 112.1 115.8 107.2 100.7 100.81968 118.3 121.9 97.3 120.9 120.6 112.4 107.1 100.81969 124.3 127.8 97.2 127.3 123.2 118.2 121.7 1OO.51970 Jan. 123.9 125.1 97.8 129.3 124.5 118.7 133.1 100.8
Feb. 126.1 126.9 97.9 129.3 124.5 133.3 134.4 100.8Mar. 126.7 128.7 97.9 129.3 124.5 125.9 135.6 100.8
Source: 13reaau of Accounting and Statistics, Taiwan Monthly Conœnodity Price Statistics.
TABLL 9.2. INTERESTi. S
f For Loans of Banks
(Per cent per year= )
-a Gank o Odna D of Taiian Other Banks Free MNarketEnd of To Government Export Secured Secured Taipei
YeIa_ Ped±sconmts rafl Loans'/ Tnterprisesd/ tdvances- lea&!/ Loans Secx-ec-ans&r
1952 - 36.00 ?1,60 - 36.00 66.oo1953 21.60 14.4o - _ 27,00 42.001954 - 21.60 11.88 - - 23.40 37.201955 - 21.60 11.88 _ _ 21.60 43,201956 - 18.00 10.80 - 11.88 - 21.60 21.60 39.601957 - 18.00 10.80 - 1.88 131.88 19.80 19.80 36.001958 _ 18.00 10.80 - 11.88 11.88 19.80 19.80 36.001959 - 18.00 10.80 - 11.88 11.88 18.00 18.00 39.601960 - 18.00 10.80 - 11.88 U1.88 18.00 18.00 39.601961 31.14.40 16.20 10.80 - 1i6-20 11.88 16.20 16.20 28.801962 12.96 1584& 10.80 - 11.88 7.50 15.84 15.84 28.80
Jly'1, 1963 11.52 34.04 10.80 - 11.88 7.50 140°4 14.04 25.20Dec. 1, 196& 11.52 14014 10.80 - 11.88 7.50 1)4.04 14.041 21,60way. 6. 1967 10.80 13.32 10.80 - 11.88 7?50 13.32 '1.04 21.60P 1u , 1,68 U.88 U..o0 10.80 - 1.88 7.50 13.32 14.04 21.60Aiy 10, 1969 10.80 13.32 10.80 - 11.88 7.50 13.32 14.04 21.60
/ Rates are monthly rates converted to mnnual rntes.b/ Fnd of the year rates through 1962; effective date of change thereafter-c/ Bank of TAiwan rate through 1960; Central Bank of China rate therocfter*y/ Other than textile industry.e/ 1Ip terms of foreign currencfes.T/ For private enterprises.i/ Yverage f or December of the year.
Sdurde: Central Bank of China, Taiwan Financial Statistics Monthly.
TABLE 9.2: DITEREST RATES (Continued)
B. Savings and Time Deposits of Banks
~~ve Savtgms 1ep9sLgj (per cent er ) Tme DePO8its (per cent 4r annum)
THT e 1year' 2 years 3 yearaeE8 1 month 3 montha - months 9 m3nth
JUlY 16, 1953 - _ 16.20 _ _
Oct. 10, 1953 - - - 12.- -
July 1, 1964 - - - - 10.80 -
July 16, 1957 - - - 8.40 10.20 13;80
Jan. 5, 1959 1.42 1.580 1.75 7.20 9.00 12.60
M4ar. 1, 1961 1.42 1.460 1.50 - _
June 21, 1961 1.20 1.230 1.26 5.40 7.20 10.80 -
Aug. 8, 1962 1.11 1.125 1.14 4.68 6.48 9.72 _
July 1J 1963 1.00 1.000 1.00 4.50 6.00 9.00 -Mar~. 1, 1964 0.90 0.900 0.90 4.20 6.00. 8.40 -
Feb . 14, 1966 0.84 0.840 0.84 - - - _Oct. 16, 1966 - - - 4.20 6.00 8.40 9.00
May 6, 1967 0.81 0.810 0.81 3.60 5.40 7.80 8.40
Sept. 4, 1968 - - _ 5.40 6.48 7.80 8.40
Sept. 30, 1968 0.81 0.810 0,81 - - - -a<y 10, 1969 0.81 0.840 0.84 5.40 6.48 8.64 9.00
Source: Central Bank of China, Taiwan Financial Statistics Monthly
