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["3.18a  Equity Earnings and Yields"]
[]
[{"$nulls":9},"Average dividend yield"]
[{"$nulls":18},"Weighted average yields (per cent per annum) (b)         ",{"$nulls":10},"Unweighted "]
[{"$nulls":5},"Accumulation index (a) ",{"$nulls":6},"Dividends",{"$nulls":8},"Earnings",{"$nulls":7},"average yields (c)"]
[null,"level",null,"All",null,null,"All    ",{"$nulls":4},"\"Statex\"   ",{"$nulls":3},"  Index",{"$nulls":4},"\"Statex\"",{"$nulls":3},"  Index",null,null,"Dividends",null,null,"Earnings"]
[{"$nulls":3},"industrials",null,null,"ordinaries",null,null,"      All",{"$nulls":5},"  linked",null,null,"      All",{"$nulls":5},"  linked",null,null,"      All",null,null,"      50"]
["June","All ords",null,"     level",null,null,"      level",null,null,"industrials",{"$nulls":4},"All ordinaries",{"$nulls":3},"industrials",{"$nulls":4},"All ordinaries",{"$nulls":3},"ordinaries",null,null,"  leaders"]
["1950",105.2,null,"n.a.",null,null,{"v":54.62213925188412,"d":"55"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":4.94,"d":"4.9"},null,null,"n.a."]
["1951",137,null,"n.a.",null,null,{"v":73.8954573739888,"d":"74"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":4.83,"d":"4.8"},null,null,"n.a."]
["1952",93.2,null,"n.a.",null,null,{"v":53.325727719007126,"d":"53"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.91,"d":"6.9"},null,null,"n.a."]
["1953",94.5,null,"n.a.",null,null,{"v":57.30138975316325,"d":"57"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,6.6,null,null,"n.a."]
["1954",108,null,"n.a.",null,null,{"v":69.05552098458135,"d":"69"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,6.3,null,null,"n.a."]
["1955",120.7,null,"n.a.",null,null,{"v":81.06893452257485,"d":"81"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.69,"d":"6.7"},null,null,"n.a."]
["1956",112.1,null,"n.a.",null,null,{"v":79.42681324759732,"d":"79"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":7.97,"d":"8.0"},null,null,"n.a."]
["1957",132.3,null,"n.a.",null,null,{"v":98.4408490631266,"d":"98"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":7.37,"d":"7.4"},null,null,"n.a."]
["1958",142.5,null,"n.a.",null,null,{"v":110.79997234322065,"d":"111"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":7.11,"d":"7.1"},null,null,"n.a."]
["1959",170.8,null,"n.a.",null,null,{"v":138.02461453363756,"d":"138"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.12,"d":"6.1"},null,null,"n.a."]
["1960",226.9,null,"n.a.",null,null,{"v":189.88107584871742,"d":"190"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":4.91,"d":"4.9"},null,null,"n.a."]
["1961",209.7,null,"n.a.",null,null,{"v":182.53474382908112,"d":"183"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.27,"d":"6.3"},null,null,{"v":7.25,"d":"7.3"}]
["1962",198.8,null,"n.a.",null,null,{"v":179.85549332780198,"d":"180"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.54,"d":"5.5"},null,null,{"v":6.38,"d":"6.4"}]
["1963",214.9,null,"n.a.",null,null,{"v":202.24019912881147,"d":"202"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.61,"d":"5.6"},null,null,{"v":6.12,"d":"6.1"}]
["1964",249.8,null,"n.a.",null,null,{"v":244.50321510060155,"d":"245"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.11,"d":"5.1"},null,null,{"v":6.26,"d":"6.3"}]
["1965",212,null,"n.a.",null,null,{"v":216.84643573255894,"d":"217"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.09,"d":"6.1"},null,null,{"v":7.85,"d":"7.9"}]
["1966",218.7,null,"n.a.",null,null,{"v":233.78621309548504,"d":"234"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.33,"d":"6.3"},null,null,{"v":8.41,"d":"8.4"}]
["1967",238.7,null,"n.a.",null,null,{"v":266.6286385950356,"d":"267"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.59,"d":"6.6"},null,null,{"v":8.32,"d":"8.3"}]
["1968",404,null,"n.a.",null,null,{"v":464.9796031252161,"d":"465"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.71,"d":"5.7"},null,null,{"v":6.71,"d":"6.7"}]
["1969",384.8,null,"n.a.",null,null,{"v":456.0775772661274,"d":"456"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.24,"d":"5.2"},null,null,7.2]
["1970",367.4,null,"n.a.",null,null,{"v":450.8055036990943,"d":"451"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":6.23,"d":"6.2"},null,null,{"v":9.19,"d":"9.2"}]
["1971",330.3,null,"n.a.",null,null,{"v":421.50660305607414,"d":"422"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,6.6,null,null,{"v":9.48,"d":"9.5"}]
["1972",414.4,null,"n.a.",null,null,{"v":547.2585217451428,"d":"547"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":5.34,"d":"5.3"},null,null,{"v":6.66,"d":"6.7"}]
["1973",381.1,null,"n.a.",null,null,{"v":521.9352831362788,"d":"522"},null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,"n.a.",null,null,{"v":4.96,"d":"5.0"},null,null,{"v":7.12,"d":"7.1"}]
["1974",271.7,null,"n.a.",null,null,{"v":394.800525478808,"d":"395"},null,null,6.7,null,null,6.1,null,null,"n.a.",null,null,{"v":12.35,"d":"12.4"},null,null,{"v":12.82,"d":"12.8"},null,null,"n.a.",null,null,{"v":7.33,"d":"7.3"},null,null,{"v":11.52,"d":"11.5"}]
["1975",251.2,null,"n.a.",null,null,{"v":390.9977183157022,"d":"391"},null,null,7.7,null,null,7.1,null,null,"n.a.",null,null,{"v":15.15,"d":"15.2"},null,null,{"v":12.35,"d":"12.4"},null,null,"n.a.",null,null,{"v":9.34,"d":"9.3"},null,null,{"v":13.86,"d":"13.9"}]
["1976",317.5,null,"n.a.",null,null,{"v":519.3424600705248,"d":"519"},null,null,6.1,null,null,5.1,null,null,"n.a.",null,null,13.7,null,null,{"v":11.49,"d":"11.5"},null,null,"n.a.",null,null,{"v":7.75,"d":"7.8"},null,null,{"v":8.98,"d":"9.0"}]
["1977",309,null,"n.a.",null,null,{"v":534.3808338518979,"d":"534"},null,null,{"v":7,"d":"7.0"},null,null,5.7,null,null,"n.a.",null,null,{"v":15.87,"d":"15.9"},null,null,{"v":13.51,"d":"13.5"},null,null,"n.a.",null,null,{"v":8.33,"d":"8.3"},null,null,{"v":11.37,"d":"11.4"}]
["1978",334.6,null,"n.a.",null,null,{"v":613.4619373573947,"d":"613"},null,null,6.7,null,null,{"v":6,"d":"6.0"},null,null,"n.a.",null,null,{"v":16.13,"d":"16.1"},null,null,{"v":14.93,"d":"14.9"},null,null,"n.a.",null,null,{"v":7.46,"d":"7.5"},null,null,{"v":11.92,"d":"11.9"}]
["1979",389.7,null,"n.a.",null,null,{"v":753.9929475212612,"d":"754"},null,null,6.7,null,null,5.5,null,null,"n.a.",null,null,{"v":17.24,"d":"17.2"},null,null,{"v":15.87,"d":"15.9"},null,null,"n.a.",null,null,{"v":7.08,"d":"7.1"},null,null,{"v":12.43,"d":"12.4"}]
["1980",611,null,{"v":1145.2999999988824,"d":"1 145"},null,null,{"v":1249.7,"d":"1 250"},null,null,6.5,null,null,{"v":5,"d":"5.0"},null,null,"n.a.",null,null,{"v":15.15,"d":"15.2"},null,null,{"v":10.75,"d":"10.8"},null,null,"n.a.",null,null,{"v":6.66,"d":"6.7"},null,null,{"v":12.03,"d":"12.0"}]
["1981",708.4,null,{"v":1637.3999999985099,"d":"1 637"},null,null,{"v":1507.3,"d":"1 507"},null,null,5.3,null,null,4.7,null,null,"n.a.",null,null,{"v":12.66,"d":"12.7"},null,null,{"v":8.55,"d":"8.6"},null,null,"n.a.",null,null,{"v":5.63,"d":"5.6"},null,null,{"v":9.99,"d":"10.0"}]
["1982",479.4,null,{"v":1495.8999999985099,"d":"1 496"},null,null,{"v":1070.4,"d":"1 070"},null,null,7.6,null,null,6.5,null,null,"n.a.",null,null,{"v":14.08,"d":"14.1"},null,null,{"v":10.53,"d":"10.5"},null,null,"n.a.",null,null,{"v":7.26,"d":"7.3"},null,null,{"v":12.48,"d":"12.5"}]
["1983",603.4,null,{"v":1868.0999999977648,"d":"1 868"},null,null,{"v":1418.7,"d":"1 419"},null,null,6.9,null,null,4.9,null,null,{"v":4.55,"d":"4.6"},null,null,{"v":12.99,"d":"13.0"},null,null,{"v":9.71,"d":"9.7"},null,null,{"v":8.72,"d":"8.7"},null,null,{"v":6.67,"d":"6.7"},null,null,{"v":10.55,"d":"10.6"}]
["1984",661.8,null,{"v":2428.39999999851,"d":"2 428"},null,null,{"v":1622.7,"d":"1 623"},null,null,5.4,null,null,4.3,null,null,{"v":4.97,"d":"5.0"},null,null,{"v":11.11,"d":"11.1"},null,null,{"v":9.62,"d":"9.6"},null,null,{"v":10.53,"d":"10.5"},null,null,{"v":5.56,"d":"5.6"},null,null,{"v":10.05,"d":"10.1"}]
["1985",855.1,null,{"v":3442.39999999851,"d":"3 442"},null,null,{"v":2190.1,"d":"2 190"},null,null,4.7,null,null,3.9,null,null,{"v":4.62,"d":"4.6"},null,null,{"v":9.62,"d":"9.6"},null,null,{"v":7.81,"d":"7.8"},null,null,{"v":10.04,"d":"10.0"},null,null,"n.a.",null,null,"n.a."]
["1986",1210.8,null,{"v":5649.29999999702,"d":"5 649"},null,null,{"v":3222.7,"d":"3 223"},null,null,3.7,null,null,3.5,null,null,{"v":3.84,"d":"3.8"},null,null,{"v":7.19,"d":"7.2"},null,null,{"v":7.14,"d":"7.1"},null,null,{"v":8.38,"d":"8.4"},null,null,"n.a.",null,null,"n.a."]
["1987",1779.1,null,{"v":7832.70000000298,"d":"7 833"},null,null,{"v":4878.3,"d":"4 878"},null,null,2.7,null,null,2.5,null,null,{"v":3.03,"d":"3.0"},null,null,{"v":6.02,"d":"6.0"},null,null,{"v":5.43,"d":"5.4"},null,null,{"v":5.97,"d":"6.0"},null,null,"n.a.",null,null,"n.a."]
["1988",null,null,{"v":7854.5999999940395,"d":"7 855"},null,null,{"v":4506.5,"d":"4 507"},null,null,3.9,null,null,3.6,null,null,4.5,null,null,7.2,null,null,6.3,null,null,{"v":8,"d":"8.0"},null,null,"n.a.",null,null,"n.a."]
["1989",null,null,{"v":8321.10000000894,"d":"8 321"},null,null,{"v":4589.3,"d":"4 589"},null,null,6.1,null,null,5.5,null,null,{"v":5.85,"d":"5.9"},null,null,9.5,null,null,8.8,null,null,9.8,null,null,"n.a.",null,null,"n.a."]
["1990",null,null,{"v":8382.7,"d":"8 383"},null,null,{"v":4783.5,"d":"4 784"},null,null,6.7,null,null,5.8,null,null,{"v":5.91,"d":"5.9"},null,null,7.9,null,null,7.4,null,null,{"v":8.37,"d":"8.4"},null,null,"n.a.",null,null,"n.a."]
["1991",null,null,{"v":8771.9,"d":"8 772"},null,null,{"v":5034.1,"d":"5 034"},null,null,5.6,null,null,4.9,null,null,{"v":4.83,"d":"4.8"},null,null,8.5,null,null,8.1,null,null,{"v":6.45,"d":"6.5"},null,null,"n.a.",null,null,"n.a."]
["1992",null,null,{"v":10010.3,"d":"10 010"},null,null,{"v":5740.3,"d":"5 740"},null,null,4.1,null,null,3.6,null,null,{"v":3.65,"d":"3.7"},null,null,6.6,null,null,5.5,null,null,{"v":3.14,"d":"3.1"},null,null,"n.a.",null,null,"n.a."]
["1993",null,null,{"v":10923.9,"d":"10 924"},null,null,{"v":6222.8,"d":"6 223"},null,null,3.8,null,null,3.4,null,null,{"v":3.53,"d":"3.5"},null,null,5.4,null,null,5.1,null,null,{"v":3.38,"d":"3.4"},null,null,"n.a.",null,null,"n.a."]
["1994",null,null,{"v":12721.8,"d":"12 722"},null,null,{"v":7630.4,"d":"7 630"},null,null,4.1,null,null,3.5,null,null,{"v":3.58,"d":"3.6"},null,null,6.8,null,null,6.1,null,null,{"v":5.39,"d":"5.4"},null,null,"n.a.",null,null,"n.a."]
["1995",null,null,{"v":13493.3,"d":"13 493"},null,null,{"v":7793.8,"d":"7 794"},null,null,4.6,null,null,{"v":4,"d":"4.0"},null,null,{"v":4.03,"d":"4.0"},null,null,7.4,null,null,6.5,null,null,{"v":5.81,"d":"5.8"},null,null,"n.a.",null,null,"n.a."]
["1996",null,null,{"v":15848.8,"d":"15 849"},null,null,{"v":9119,"d":"9 119"},null,null,4.7,null,null,{"v":4,"d":"4.0"},null,null,{"v":4.11,"d":"4.1"},null,null,7.1,null,null,6.3,null,null,{"v":5.96,"d":"6.0"},null,null,"n.a.",null,null,"n.a."]
["1997",null,null,{"v":21240.8,"d":"21 241"},null,null,{"v":11541.1,"d":"11 541"},null,null,{"v":4,"d":"4.0"},null,null,3.6,null,null,{"v":3.67,"d":"3.7"},null,null,5.3,null,null,4.8,null,null,{"v":4.37,"d":"4.4"},null,null,"n.a.",null,null,"n.a."]
[]
[]
[]
["(a)",null,"Base 31 December 1979 = 1000. Data are averages for the month of June. The All ordinaries index prior to 1980 is a spliced and"]
[null,null,"re-based historical series based on June averages for the All ordinaries and similar indices with 12 months dividends being"]
[null,null,"reinvested at financial year end."]
["(b)",null,"The samples are weighted by market capitalisation. The \"index linked\" series cover those companies included in the \"all ordinaries index\" (from"]
[null,null,"1989 when the series were first calculated). The \"Statex\" series involves more companies, covering all (1200) companies in the \"Statex\" "]
[null,null,"database (from when the series were first calculated in 1985): from May 1991, loss making companies were excluded from the sample."]
["(c)",null,"The series, which are not weighted to allow for differences in size of companies, were discontinued from January 1985."]
[]
["Sources:",null,null,"\"Australian Stock Exchange Journal\", Australian Associated Stock Exchanges, Sydney, monthly."]
[{"$nulls":3},"\"ASX Indices and Yields 1995\", Australian Stock Exchange Limited, Sydney."]
[{"$nulls":3},"\"Monthly Index Analysis\", Australian Stock Exchange Limited, Sydney, monthly."]
[{"$nulls":3},"\"Personal Investment\", BRW Publications, Sydney, monthly."]
[{"$nulls":3},"\"Stock Exchange Indices and Statistics\", Stock Exchange Research Pty. Limited, Sydney."]
[{"$nulls":3},"\"Chart book of the Melbourne Share Price Index\", The Stock Exchange of Melbourne Limited, Melbourne, annual."]
["Updated 23 September 1997"]