DECREASED TRADE.

Hawera Star, Volume XLVI, 14 June 1926, Page 7

DECREASED TRADE.

AFTERMATH OF STRIKE. SERIOUS POSITION SHOWN. BY CABLE—PBESS ASSOCIATION—COPYRIGHT. LONDON, June 12. The Board of Trade returns for Miiy show that the value of imports into the United Kingdom decreased by. £23,067,000. Exports of British products were less by £18,440,000 and re-exports of colonial and foreign products declined bv £0,96.1,000. The principal decreases in the imports were: Grain and flour, £2,623,000; food and drink (non dutiable), £1,648,000; food and drink (dutiable), £l, 486,000; wood, £1,094,000; raw cotton, £1,110,000; raw wool £3,051,000; nonferrous metals, £1,436,000; silk £1,935,000; other textile manufactures £1,069,000; apparel £1,084,000. The principal decreases in exports were: Coal £3,406,000; iron and steel £.1,109,000; machinery £1,205,000; cotton yarns and manufactures £5,538,000; woollen yarns and manufactures £1,015,000.

The chief drops in re-exports were: Raw wool £1,499,000; rubber £1,859,000. The principal increase in imports was rubber £1,150,000.

The newspaper Observer says that the tremendous dislocation of British industry which was caused by the general strike is reflected in the Board of Trade returns, which show a decrease in the volume of trade compared with last May of £48,000,000. The position is particularly disastrous, inasmuch as the first four months of the year had shown a gross decrease in trade of over £69,000,000. The year is now, therefore, about £118,000,000 to the bad, and unless something drastic happens in connection with the coal strike, the June figure seem certain to increase the deficit.