Page 8 Advertisements Column 2

Press, Volume LV, Issue 16653, 14 October 1919, Page 8

L . ask published the imports and , exports of Great Britain from 1700 to 1917—that i, is for for 218 years—and that the aver- ; age excess of'imports over exports' was D 31 per cent. This was quite in ac- ? cordance with McCullock's theory, j which- is, that trade is only barter, and therefore the more value you rei ceive for that which you sent away, far from it being an "adverse balance" it was a profitable one. However, the period that you mention, from July, 1918, to September, 1919, shows an excess of imports much above 131 per; cent. It is phenomenal, and the excesß requires a more satisfactory explanation. But, until we have further information, wo cannot give that. We require to know what amount is for proceeds of foreign investments sold, what for consignments of goods for sale, what for dobts owing and now Eaid, and in fact, what for goods that aye to be paid. for, and otner, information. I respectfully remonstrate with you in suggesting that the "adverse balance" is against Britain, and if it' continues, she will be very close to Supposing she is realising on her valuable investments' in order to pay the expenses of the war, that is a very different thing and won't last long.—Yours, etc., JOSHUA LITTLE.