EXPANSION OF TRADE

Ashburton Guardian, Volume 53, Issue 285, 13 September 1933, Page 5

EXPANSION OF TRADE

BRITAIN'S AUGUST FIGURES. BOTH IMPORTS AND EXPORTS. ADVANCE OVER LAST YEAR. (TTnited Press Association—Copyright). (Received This Day, 11.40 a.m.) LONDON, September 12. Further expansion in overseas trade is< revealed in the Board of Trade returns for August. Imports were valued at £56,754,457, an increase of £1,048,231 over that in July. The total exports were of the yahio of £30,996,794, an increase oyer exports in July of £1,169,407. The July returns showed a considerable advance over those of the corresponding month of last year, there being an increase of £3,432,077 in imports and an increase in exports ol £2,434,962. The value of imports of raw materials last month showed an increase of £4,750,000, and there was an increase of £2,250,000 in the value of exported manufactured goods.

Another noteworthy feature is a reduction by £1,250,000 in the value of exported food, drink and tobacco.— British Official Wireless.

FIGURES FOR EIGHT MONTHS.

BUSINESS GENERALLY BENEFITS

(Received This Day, 11.40 a.m.) LONDON, September 12. From many reliable sources recently evidence has been forthcoming of a definite improvement in trading conditions in Great Britain. The best possible confirmation is provided by the Board of Trade returns, issued to-day, which show that improvement has not confined to a few trades and industries, but has extended to business generally. For the eight months to the end of' August imports decreased by about £35,200,000, compared with the corresponding period last year, • while oyer the same period the decrease in exports was about £1,500,000, but in recent months the figures have tended fo improve, and those for August are regarded as exceptionally encouraging. The increase in import's is entirely due to the larger amounts of raw materials entering the country. Some principal increases in exports, compared with a year ago, occur N in iron, steel, non-ferrous metals, woollen manufactures, electrical goods and cutlery and hardware, Exports of British automobiles also continue to increase. —British Official Wireless.