Trade in October The oversea trade figures for October give
encouraging signs of recovery from the " recession " of this year. Total exports, at £48,005,979, were higher than in any previous month, though still L4,9o8,600 lower than in October of last year, when exports had reached their peak. imports £79,034,856 were lower by £17,163,798 than in October last year, and the visible adverse trade balance fell, partly as a result of lower prices, by L12,255,000 to £31,029,000. The expansion in exports since September is largely seasonal and was to be expected ; nevertheless it is encouraging, especially because in large part due to an increase in pur- chasing-power abroad as a result of recovery in the United States. Since the American recovery is expected to con- tinue, this country should profit further by its beneficial effects ; and both should receive an added stimulus from the trade treaty. This month's returns offer one more illus- tration of the dependence of this country on business con- ditions in America, and further evidence that the Anglo- American agreement will benefit this country, not only by the direct advantages it confers on her, but by any increase of prosperity it will bring to America.
Previous page
