BRITISH TRADE.

Auckland Star, Volume LXV, Issue 10, 12 January 1934, Page 7

BRITISH TRADE.

EXPORTS AND IMPORTS December Turnover Reported Steady. INCREASE IN WOOL IMPORTS. lUnited P.A.-Elcctric Telegraph—Copyright) (Received 10 a.m.) LONDON, January 11. The following returns have been issued by the British Board of Trade:— ' Imports, £03,161,000; exports, £30,429,000; re-exports, £4,042,000. Principal decreases compared with December, 1932, are:—lmports, grain, flour £749,000, meat £763,000, other food and drink £484,000, oils and fats £435,000; exports, cotton yarns and manufactures £853,000, vehicles £340,000. Increases: Imports, wood and timber £714,000, tobacco £317,000, raw cotton £477,000, wool £1,304,000, hides and skins £569,000, non-ferrous metals and manufactures £526,000; exports, iron and steel and manufactures thereof £387,000. , DECEMBER IN RECENT' YEARS, tin million pounds.) 1930. 1931. 1932. 1933. Imports *9.7 77.0 60.0 03.1 Exports 38.5 32.1 32.4 30.4 Ke-exports ... 5.2 0.5 4.1 4.0 Totals 133.4 114.6 07.1 97.5 Excess of iuiports over total exports 4G.0 39.4 24.1 28.7 KECENT YEARS COMPARED. (In million pounds.) 1930. 1931. 1932. 1933. Imports .... 1045.0 662.7 702.8 678.1 Exports 570.5 389.2 364.9 367.0 Re-exports .. 86,9 64.0 50.9 49.2 Totals 1703.0 1315.9 1118.G 1094.3 Excess of imports over total exports 388.2 409.5 287.0 202.9 Evidently overseas trade was well maintained for the month, which includes Christmas, when holiday-making interferes with ordinary business. Turnover was £3,000,000 less than during the previous month. A special feature of the latest returns is the substantial increase in woollen imports, which is partly accounted for by higher values of this staple. Taking the year's figures as a whole it will be especially noted that the socalled adverse balance is very much lower than in former years, when interest from foreign loans and shipping earnings compensated for the heavy disparity between exports and imports. Moreover, the influence of Britain's changed tariff policy is seen in the heavy reduction of imports over the last two years. GERMAN GOODS. EFFECTIVENESS OF BOYCOTT. LONDON, January 11. The Trades Union Council claims that the boycott of German goods as a reprisal for Herr Hitler's policy has proved effective in several countries affiliated to the International Federation of Trades Unions. An analysis of the German trade returns for the first nine months of 1933, compared with the corresponding period of 1032, shows a diminution of 15 per cent, which is confirmed from trade sources, in spite of the official falsification of statistics by the Nazis.