BRITAIN’S TRADE
BALANCE OH EXPORT SIDE Press Association —By Telegraph—Copyright. LONDON, January 26. The Board of Trade’s official estimate of Britain’s net trade balance tor 1927 was given by Sir Philip Cunlifle-Lister (President of the Board of Trade) in a speech at Hendon. He said that, whereas the adverse net balance tor 1926 was estimated at the beginning of 1927 at £12,000,000, it was actually only £7,000,000. He then gave the estimated figures for 1927, pointing out that the estimates of so-called invisible exports had always been conservative, but had usually proved on the right side. The excess of imports oyer exports shenved a debit balance of £392,000,000, but the invisible exports were £588.000,000, including shipping earnings of £140,000,000 and oversea investments of £270,000,000. Thus, allowing for the invisible exports, the figures showed a credit balance of £96,000,000. —A. and N.Z. and Svdney ‘Sun’ Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19280128.2.45
Bibliographic details
Evening Star, Issue 19776, 28 January 1928, Page 5
Word Count
145BRITAIN’S TRADE Evening Star, Issue 19776, 28 January 1928, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.