BRITAIN'S TRADE.

Ashburton Guardian, Volume 53, Issue 286, 14 September 1933, Page 5

BRITAIN'S TRADE.

EXPORTS TO INDIA INCREASE. VALUE OF EMPIRE PREFERENCE (United Press Association—Copyright). (Received This Day, 9.0 a.m.) LONDON, September 13. The report of the Board of Trade's Commissioner for India for the three months, April-June, 1933, provides a striking illustration of the effect of the Ottawa agreements on India's import trade. In nearly every item in which there is preference to the United Kingdom there is an improved percentage of trade. In most cases the shipments actually increased, although the total shipments were reduced. United Kingdom products are gradually displacing Continental and American goods, but Japanese competition is increasingly severe in a steadily widening range of articles. The disparity between United Kingdom and Japanese prices is usually so wide that the preference of 10 per cent, is entirely inadequate.

THE AUGUST RETURNS. EXPORTS WELL MAINTAINED. LONDON, September 12. Tho Board of Trade returns for August were as follows— Aug., 1933. Aug., 1932. £ £ Imports 56,754,000 53,313,000 Exports 30,996,000 28,652,000 Re-exports .... 4,300,000 3,491,000 Excess imports 21,458,000 21,270,000 In imports the principal increases were: £ Wood and lumber 1,813,000 Raw cotton 1,025,000 Wool 795,000 The chief increases in exports were: £ Non-ferrous metals and mfrs. 824,000 Raw wool 275,000 Woollen yarns and mfrs. ... 428,000 The decreases in imports included: £ Grain and flour 432,000 Food and drink 438,000 Oil and fats 604,000