OVERSEAS TRADE

Wanganui Chronicle, Volume 79, Issue 44, 21 February 1936, Page 11

OVERSEAS TRADE

BRITISH STATISTICS. EFFECT OF SANCTIONS. [ Britiih Official Wireles*. ) RUGBY, Feb. 16. Overseas trade returns for January confirm the preliminary figures published on Wednesday. The workingday averages are now available and show that exports were £1,276,281 per diem, compared with £1,545,877 in December, and £1,314,115 a year ago. The corresponding figures for imports were £2,593,473, £3,103,359, and £2,293,750. Sanctions imposed against Italy at the suggestion of the League’s Co-ordina-tion Committe and in fulfilment of the obligations under Article XVI of the League Covenant, have played a part in the reduction of exports compared with January, 1934. For example, of the fall of £403,000 in' coal exports compared with the previous January, about £340,000 is represented by a reduction of deliveries to Italian account. Exports of herrings to Italy, which amounted to £14,089 in January, 1934, only reached £955 last month, and the wool in various States sent a year ago to Italy to the value of about £96,000 is represented in the most recent returns by the export of £166. Iron and steel exports to Italy dropped from £23,044 tc £4. There was a further relative expansion in 1935 in British trade with Empire countries. The exports to British countries rose to 48 per cent, of the total exports, from 46.9 per cent, in 1934. Reexports were lower at 19.8 per cent., compared with 21.6 per cent. Imports from British countries represented 37.6 per cent, of all imports, against per cent .in 1934.