BRITISH TRADE BALANCE

Otago Daily Times, Issue 20318, 28 January 1928, Page 11

BRITISH TRADE BALANCE

BOARD’S OFFICIAL ESTIMATE. f Press Association— Bj Telegraph —Copyright, i LONDON, January 26. (Received Jan. 27, at 5.6 p.m.) The Board of Trade’s official estimate of Britain’s net trade balance for 1927 was given by Sir Philip Cunliffe-Lister (president of the Board of Trade) in a speech at Hendon. He said that, whereas the adverse net balance for 1926 was estimated at the beginning of 1927 at £12,000,000, it vvas 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 over exports showed 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 snowed a credit balance of £96,000,000. —A. and N.Z. and Sydney Sun Cable.