12 SEPTEMBER 1903, Page 2

The Board of Trade Returns, issued on Monday, will afford

no support to those who maintain that financially we are "bleeding to death." For the eight months of the present year the total value of imports shows an advance of 21,647,000, or about per cent., while exports for the same period have risen by 28,358,000, or about 44 per cent. The ex- pansion of exports during the month of August is pretty evenly distributed over all departments, the most remarkable features being increases in machinery of 2252,898, of nearly half-a-million in cotton piece goods, with a substantial advance also in woollen and worsted goods. To set against these there is a, falling of of 2419,892 in respect of new ships. Alto- gether, however, the record for the month is sufficiently reassuring, and for the eight months decidedly so.