DEFINITELY STRONGER

Dominion, Volume 27, Issue 70, 15 December 1933, Page 11

DEFINITELY STRONGER

British Trade Improvement BANKER’S CONFIDENCE ■ (British Official Wireless.) Rugby, December 12. Viscount Churchill, presiding at the annual shareholders’ meeting of the British Overseas Bank to-day, stated that despite various new unsettling factors which had appeared during the last twelve months, the first faint signs of trade improvement noticeable a year ago had definitely grown stronger. Indeed, in view of the difficulties mentioned, the force behind this favourable development must be very much greater than could be measured by the actual recovery shown. Even more reassuring, he said, was that this progress was largely the outcome of regained confidence among business communities, especially in Britain, who had begun to recover from the shocks of the hist few years, and adapt themselves to new conditions. He believed that they could look forward with increasing confidence. BRITISH OVERSEAS TRADE Tlie British oversea trajle figures for November for the last three years compare as follow: — Month o£ November.

CANADIAN TRADE Improvement on Last Year Ottawa, December 13. Canadian external trade is improving. Figures published on Wednesday show that November exports were valued at 60,384,590 dollars, compared with 45,944,520 for the previous November. Imports were 43,653,078 dollars compared with 37,769,047. For the eight months of the present fiscal year exports were valued at 386,007,148 compared with 334,645,984 dollars for a similar period of 1932. Imports amounted to 284.909,992 dollars. Customs and excise revenue for November was more than 2,459,081 dollars over November, 1932.

(OOO’s omitted.) 1031. 1932. 1933. £ £ £ Imports ... 83,231 61.567 63,734 Exports ... 31,863 31,094 34,434 Re-exports 4.967 4,060 3.619 Total exports .. ... 36,830 35,154 38,053 — ———• — 1 ■ Excess of imports id, 101 26,413 25,681 The following table gives a comparison of the British oversea trade figures for the period January-November for the last three years:— First Eleven Months. (000’s omitted.) 1933. 1931. 1932. ,£ . £ £ Imports 785.206 642,575 613.511 Exports 357,086 332.641 336,968 Re-exports 58,499 46,781 45,368 Total exports . 415,585 379,422 382,330 — — ■ —- Excess of ini263,153 231,175 ports .... 309,621