TRADE IN AUGUST.
While the Board of Trade Returns for the month of August showed no improvement as regards the general volume of trade, the figures were not without points of encouragement. Notably the big decline in the imports has cut down the un- favourable visible trade balance, which for. August was £21,270,000, as compared with £32,000,000 in August of last year, while for the first eight months of this year the visible adverse balance of £184,000,000 is £61,000,000 better than for the first eight months of last year. This curtailment of the unfavourable visible trade balance is the more important by reason of the fact that our invisible exports in the shape of interest from foreign investments and also from shipping charges have so materially decreased in recent months.
A. W. K.
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