20 DECEMBER 1930, Page 35

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The returns of our Foreign trade for the month of November were much as might have been expected from the continued increase in returns of unemployment. The value of imports fell by nearly £29,000,000 and exports by over £20,000,000. Moreover, for the first eleven months of the year, there is now a total shrinkage in imports of £160,000,000 with a similar decline in exports. On the other hand, and by reason of the big reduction in the imports, the visible adverse balance of £341,000,000 is about £1,000,000 less than for the corresponding period of last year.