BRITAIN’S COMMERCE

Greymouth Evening Star, 13 November 1933, Page 2

BRITAIN’S COMMERCE

OCTOBER A GOOD MONTH.

[ JY CABLE —PRESS ASSN. —COPYRIGHT.]

(Received November 13, 1 p.m.) LONDON, November 12.

The Board of Trade return for October, compared with the corresponding period of the previous year, shows imports totalling £61,771,000, exports £34,130,000, re-exports £44,571,000. The principal increases are as follow: —Imports: Wood and timber £864,000, raw cotton £670,000, wool £706,000, hides and skins £389,000. Exports: Coal £239,000, wool £170,000, iron and steel, and manufactures thereof £566,000, non-ferrous metals and manufactures £482,000, cotton yarns and manufactures £356,000, woollen ditto £363,000, other textiles and manufactures £351,000. Decreases: Imports: Grain and flour £722,000, food and drink £1,516,000. Commenting on the trade returns, the “Times’s” city editor points out that the effects of the American experiments have not been sufficiently disturbing to prevent the British recovery. History seems to be repeatting itself. Despite the dollar depreciation, British exports are increasing, as they increased while the mark and the franc depreciated. The trade returns emphasise Mr MacDonald’s claim, that Britain has regained the distinction of being the world’s leading exporter, through sound economy.