A DEBIT BALANCE.
THE TRADE OF BRITAIN.
AMOUNT OF £19,000,000 SHOWN
(United Press Association —Copyright)
LONDON, February 24
The Board of Trade estimates of the balance of payments in 1936 shows a debit balance of £19.000.000, compared with a credit balance of £23,000,000 the year before, and a debit balance of £7,000,00 in 1934. The annual estimate represents an attempt to calculate the net balance on all transactions of a revenue character between the United Kingdom and other countries, including those originated by Governments. In 1936 imports exceeded exports by £346,800,000, compared with £260,500,000 in 1935 and £293.900.000 in 1934. Against this adverse valuable trade* balance of £346,800,000 there were in 1930, according to the hoard’s estimates, net shipping earnings of £95,000,000, an increase of £20,000,000 over the previous year, and not income from foreign investments of £195,000,000 against £180,000,000 in 1935. Net receipts from commissions, etc., are put at £30,000,000 for both years, and net receipts from other sources are unchanged at £10,000,000, in spite of a slightly increased debit on the tourist traffic. - British Official Wireless.
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Bibliographic details
Ashburton Guardian, Volume 57, Issue 116, 26 February 1937, Page 5
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178A DEBIT BALANCE. Ashburton Guardian, Volume 57, Issue 116, 26 February 1937, Page 5
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