ON THE EIGHT SIDE
BRITISH TRADE BALANCE , (A.P.A. and "Sun.") (Eecoived 28th January, 8 a.m.) LONDON, 26th January. The Board of Trade's official estimate of Britain's net trade balance in 1927 was given by the President, J3ir P. Cunliffe-Lister, in a speech at Hendon. He said that whereas the adverse net balance in 1926 was estimated at the beginning of 1927 at £12,000,000, it was actually only £7,000,000. He then gave estimated figures for 1927, pointing out that the Board of Trade's estimates of so-called "invisible exports" had always been conservative, and usually proved on the right side. The excess of imports over exports showed a debit of £392,000,000, but the invisible exports were £488,000,000, including shipping earnings £140,000,000, oversea investments £270,000,000. Thus, allowing for invisible exports, the figures showed a credit balance of £96,000,000.
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Evening Post, Volume CV, Issue 23, 28 January 1928, Page 9
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135ON THE EIGHT SIDE Evening Post, Volume CV, Issue 23, 28 January 1928, Page 9
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