BALANCE OF AMERICAN TRADE.
NEW YORK, Sept. 20. , 'Mr Pratt, Chief of the. Department -. of Commerce, addressing the Bankers' • Association, estimated that British in- "; vestments abroad amounted to 17,}' bil- r lion dollars, French to 6% billions, and- - German to 5 billions. The surplus of" ' United States exports over imports for .- the year ending next June would be ■ 1400* millions, redxi.ced to 900 "-millions" ' fey remittances from abroad. The '• United States ought to invest nine - hundred millions abroad annually in . order to keep the exchange normal.
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Ashburton Guardian, Volume XXXV, Issue 8250, 22 September 1915, Page 5
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86BALANCE OF AMERICAN TRADE. Ashburton Guardian, Volume XXXV, Issue 8250, 22 September 1915, Page 5
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