Expenditure on Fixed Assets

number of these concerns may be compared with capitalist enterprises ways), derived from the utility's annual reports, have been added to the (1. 5), but generally they scarcely rise above the level of one-man figures for private rail-and tramways (Tables

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Changing Economy in Indonesia Volume 3 Expenditure on Fixed Assets

Of the series 'Changing Economy in Indonesia' are published: 1. Indonesia's Export Crops 1816-1940 2. Public Finance 1816-1939 3. Expenditure on Fixed Assets and in preparation: 4. Rice Prices 5. National Income 6. Trade Statistics of Java and Madura, 1823-1873 7. Monetary and Banking System. Exchange Rates 8. Balance of Payments

Changing Economy in Indonesia A Selection of Statistical Source Material from the early 19th Century up to 1940

Volume 3 Expenditure on Fixed Assets Initiated by W. M. F. Mansvelt Re-edited and continued by P. Creutzberg Editorial Committee P.J. van Dooren, chairman J.B.D. Derksen Late J.A. de Jonge P.W. Klein 1. Schoffer J.H. van Stuijvenberg

1977 Published by Martinus Nijhoff, The Hague Under the auspices of Royal Tropical Institute, Amsterdam and a grant from the Netherlands Organization for the Advancement of Pure Research, The Hague

This book is copyright under the Berne Convention. All rights are reserved. Apart from any fair dealing for the purpose of private study, research, criticism or review, as permitted under the Copyright Act, 1956, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, electrical, chemical, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. Enquiries should be addressed to the Royal Tropical Institute, Amsterdam.

© Copyright 1977 Royal Tropical Institute, Amsterdam ISBN 978-90-247-1959-4 ISBN 978-94-010-9149-7 (eBook) DOI 10.1007/978-94-010-9149-7 (Volume III)

Table of contents

Preface/7

1 Introduction/9 1.1 Origin of the study/9 1.2 Objectives/9 1.3 The data/l0 1.4 Definitons and limitations/l 0 1.5 Corporations in detail/ll 1.6 Arrangement of this publication/12 2 Investments in the nineteenth and early twentieth century/13 2A. Indonesian and Chinese business organisation/13 2.1 Failure of Western forms to take root in the Indonesian business world/13 2B. 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9

The course of corporate investment activity/15 Little corporate investment before mid-nineteenth century/15 A break-through to private industry/17 The rise of private plantations after 1856/17 Twentieth century investment activity prior to 1910/18 Increased investment after 1910/19 Post-war investments/21 A side effect of investment expenditure/21 Territorial distribution of domestic expenditure on fixed assets/22 2.10 Domestic expenditure in different groups of industrial investment/22 2.11 Imports of capital goods and exports as indicators of investment activity before 1910/23 2.12 Investments of non-Dutch foreign enterprises/24

2C. Some remarks on financing of investments/26 2.13 Financing of expansion. The agricultural banks/26 2.14 Input of overseas capital funds dwarfed by overall value of corporate investments/28 2.15 An example of the traditional pattern/29 2.16 Government provisions of durable assets/30 2.17 Lack of a money a