Britain Facing Declining Markets
Received Wednesdav, 7 p.m. LONDON, May 11. British exports during April dropped by £22,500,000 eompared with March figures and were the lowest for six months. Imports fell by £2,500,000 eompared with March but were higher than in anv other month since the war. The gap between exports and imports was £44,500,000, the largest for 12 months. Although the reduction in exportswas partly due to the fact that Eastei fell this year in April, it is generallv considered that the decreased figures are the first indieation of contracting markets which are now being eneountered by British merehants in many parts of the world. The President of the Board of Trade, Mr. Harold Wilson, reeognised this fact when he said, on the eve of his departure for Canada, ' ' April has shown us a lower daily rato of exports and the beginning of some of 'the diffieulties which every exporter in this country knows we have got to faee before very long."
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Chronicle (Levin), 12 May 1949, Page 5
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163Britain Facing Declining Markets Chronicle (Levin), 12 May 1949, Page 5
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