The Trade Returns for August again show large increases in
value both for exports and imports. We give the table from Thursday's Times showing the figures for August and the eight months ended with August, together with the increases as compared with the corresponding periods of 1909 :—
Auouwr, 1910.
Imports £52,030,617 + X3,619,413 +
7-410
Exports ... 38,638,883 6,524,183 + 20•3 Re-exports ... 8,009,313 + 1,109,254
-I- 15.8% EIGHT MONTHS SHOED AUGUST, 1910.
Imports ... X485,780,412 + X35,463,406
-I- 8-8%
Exports ... 281,612,783 + 37,076,493 + 15.1°I° Re-exports ... 71,633,179 + 10,719,721
+ 17.5°I0
In the imports, food, drink, and tobacco have declined by £467,224, but raw materials and articles mainly unmanu- factured have advanced by £2,868,927, and articles wholly or mainly manufactured by £1,171,513. In the exports, food, drink, and tobacco have increased £376,240, raw materials and articles mainly unmanufactured £339,865, and articles wholly or mainly manufactured £5,747,837. In the last department the chief increases have been iron and steel, £465,044; electrical goods and apparatus, £481,159; cotton piece goods, £525,256 (though the quantity has decreased 4'2 per cent.); woollen and worsted manufactures, £686,200; apparel, x282,341; chemicals, £141,429; and motor-cars, £73,829. The increase in new ships of £1,837,614 was due to the export of one war vessel, value £1,900,000, as against none in August, 1909. The figures for the eight months show that 1910 will probably equal, if it does not eclipse, 1907, the record year for oversea trade. Whatever tests may be applied, these figures will take a deal of explaining away by Tariff Reformers.
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