INCREASED EXPORTS.

Manawatu Standard, Volume LX, Issue 121, 20 April 1940, Page 8

INCREASED EXPORTS.

CONFIDENCE IN BRITAIN. LONDON. March 8. An official of the Ministry of Shipping. comparing the disparity between the United Kingdom’s imports and exports, declared that there would soon be an increase in cargoes for outward shipping. He pointed out that, even in peacetime many vessels went out partially or wholly in ballast, but that invisible exports in the form of shipping and other services helped to redress the balance. Since the war began the position had been more one-sided, because imports had necessarily more greatly exceeded exports, and the invisible export revenue had dwindled. “We are making every effort to adjust. the position,” said the official, “but it must be remembered that, liecause of the fixed times of convoy sailings, it is sometimes impossible to take on even the available cargo.” An official of the Board of Trade declared: “Through the activities of the Export Council set up last week, exporters’ licence difficulties will be greatly reduced. The formation of the council has caused enthusiasm among manufacturing and exporting firms. There is evidence every day that the people are anxious to cooperate in this effort. There is every reason to expect very satisfactory results and a substantial increase in exports.”