STILL GROWING.

Auckland Star, Volume LXVIII, Issue 271, 15 November 1937, Page 4

STILL GROWING.

BRITISH OVERSEAS TRADE.

BUSY IN OCTOBER. VERY HEAVY IMPORTS. British Official Wireless. RUGBY, November 13. The Board of Trade returns for October show that, the value ol imports into Britain totalled £W,08.j.427, coinpaied with £80.339.170 in Uctoln-r, JD3b', an iuciease ot £ 13.34ti.231. The value of exports was £47.216.043, compared with £41.704.413. an increase of £5,431,033, and of re-exports £5.695.331, an increase of £1.228.392.

l'niK'ii'al increases were:—lmports: Grain and Hour, £1.121.000; meat, 4M.lttl.OoU; dairy produce, 4:1.039,000; fresh fruit and vegetables. £ 1.069,000; nonferrous ores and strap, £785,000; wood and timber. £1,751.000; wool and rawwaste, £914.000: rubber, £906.000; iron and steel manufacture*. £1.381,000; nonferrous metals. £1.626.000. Exports: Coal, £08.').(XHi; iron and steel manufactures, £1.144.000; nonferrous metals manufacture*. £923.000; machinery. £1.060.000. Re-exports: Nonferrous metals manufactures. £935.000. Decreases — Exports: Wool and raw waste, £2j3,000. OCTOBER IN" LATE TEAKS. (In million pounds.* 1934. 103.-.. 1936. 1937. Imports .... 69.n 73.4 SO.."i 96.1 Exports .... 30.7 39.9 41.8 47.2 Ke-exports .. 4.0 4.7 4..". 5.7 Totals .. 109.7 118.0 126.S 149^0, Eirrss of im- ' ports over total exports 28.3 28.8 34.2 43.2 FIRST TEN MONTHS. (In million pounds.) 1934. 193".. 1930. 1937. Imports On.-,.4 612.4 090..-) 839.7 Exports 325.7 351.6 361.6 432.4 Ke-expurtG . 43.« 45.2 49.0 64.6 Total .. 974.7 1009.2 1102.0 1330.7 Exei-ss of imports over total exports 236.1 2.13.6 279.0 342.7 Not gince 1929 have the figures for October been so high an ia the latest returns. When comparisons are made with a year ago attention must be given to the rise in prices in the last 12 months. However, when all facts are taken into consideration it is evident that British trade is at a high level of prosperity. The so-called adverse balance, namely that of imports over total exports, has now reached high figures, and it remains whether expanding receipts from such invisible sources as shipping, interest, tourist traffic, etc., will be sufficient to cover it.