CANADIAN TRADE

Poverty Bay Herald, Volume LX, Issue 18067, 19 April 1933, Page 7

CANADIAN TRADE

POSITION IMPROVED LARGE FAVORABLE BALANCE (Elec. Tel. Copyright—United Press Assn.) (Received April 19, .11 a.m.) OTTAWA, April 18. Canada ended last fiscal year with an export trado balance of £13,538,690. Domestic exports for the 12 months ended March 31 totalled £94,781,491, against £51,242,795 for imports. At the end of the preceding year, the Dominion had an import balance of £429,7.1(1. The value of total importations then was £115,698,57(5 and of domestic exports £115,2(38,800. Exports of wheat last year totalled 239.375,225 bushels, valued at £20,109,273, compared with £191,316,933 bushels valued at £23,347,890 in the preceding 12 months. SALES TO BRITAIN OTTAWA PACT SEQUEL OTTAWA, March 4. The fact that Canada to-day occupies fourth place amongst the nations of the world in the sale of products to Great Britain whereas in 1931 she held only twelfth p.lade was referred to to-day by Mr. 11. H. Stevens, Minister for Trade.

The trade returns reveal a steady betterment in Canada’s position in the British market, particularly since the pacts concluded at the Imperial Conference became effective. In the past year British imports from Canada have increased by over 31 per cent in value, and much ■ more than that in volume. Canada’s sales to Great Britain are exceeded only by those of the United States, the Argentine and Australia.