AFTERMATH OF STRIKE.

Taranaki Daily News, 14 June 1926, Page 7

AFTERMATH OF STRIKE.

BIG REDUCTION IN TRADE. IMPORTS AND EXPORTS FALL. By Telegraph—Press Assn.—Copyright. Received June 13, 5.5 p.in. London, June 12. The Board of Trade returns for May show that the value of imports into the United Kingdom decreased by £23,067,000. Exports of British product® were less by £18,440,000 and re-exports of colonial and foreign products declined by £6,960,000. 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), £1,480,000; wood, £1,094,000; raw cotton, £1,110,000; raw wool £3,091,000; nonferrous metals, £1,430,000; silk £1,935,000; other textile manufactures £1,009,000; 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 a nd manufactures £1,015,000. The chief drops In re-exports were: Haw wool £1,499,000; rubber £1,859,000. The principal increase in imports was rubber £1,150,000. f DISLOCATION OF INDUSTRY. Received June 13, 10 p.m. London, June 12. 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 ths 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 figures seem certain to increase the deficit.