IMPORTS AND EXPORTS

Southland Times, Issue 19895, 14 June 1926, Page 7

IMPORTS AND EXPORTS

BOARD OF TRADE RETURNS. BIG DECREASE IN BRITISH IMPORTS. (Rec. 5.5 p.m.) London, June 12. The of Trade returns for May show that the value of imports into the United Kingdom have decreased by £23,067,000. Exports of British products were less by £18,440,000 and re-exports of colonial and foreign products declined by £6.966,000. The principal decreases in imports were—Grain and flour, £2,623,000; food and drink (non-dutiable), £1,648,000; food and drink (dutiable), £1,486,000; wood, £1,094,000; raw cotton, £1,110,000; raw wool, £3,051,000; non-ferrous 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 the re-exports were— Raw wool, £1,499,000; rubber, £1,859,000. The principal increase in imports was rubber, £1,150,000.—A. & N.Z. PRESS COMMENT. GENERAL STRIKE RESPONSIBLE FOR DECREASE. A POOR OUTLOOK. (Rec. 11.5 pan.) London, June 12. The newspaper Observer says the tremendous dislocation of British industry caused by the general strike has reflected on the Board of Trade returns showing 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 now is therefore about £118,000,000 to the bad unless something drastic happens in connection with the coal strike, June figures seem certain to increase the deficit.—A and N.Z.