For some time past there has been talk of an
approaching trade revival, without any very definite symptoms to back it up. But at last it does begin to appear that there is a very gradual improvement in the export trade, almost entirely, it is said, with places in which the foreign exchange question is not acute—such as the Far Eastern countries. The general summary of the Board of Trade return for September has ja5t been issued, and shows that the value of exports has increased from £38,100,000 last June—which was the lowest point they reached—to £55,200,000 for September, which is satisfactory as far as it goes. But in the same document it is shown that the September exports and re-exports, amounting in all t° £63,800,000, were still below half what they were for Sep- tember last year, when they stood at £130,800,000. By this it will be seen that the present increase is as yet not a very great matter, although, of course, the comparison with last year is partly fictitious owing to the fall in the value of money.
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