PRODUCE & MARKET REPORTS FROM DAY TO DAY

Evening Post, Volume CXI, Issue 34, 10 February 1931, Page 12

PRODUCE & MARKET REPORTS FROM DAY TO DAY

BRITAIN'S SHARE TRADE OF THE WORLD

VARYING CONDITIONS

United Press Association—By Electric Telegraph—Copyright.

(Received 10* th February, 10.30 a.m.) LONDON, 9th February. In a review of the trade of the world x for 1929, issued by the League of Nations, it is shown that the composition of Great Britain's exports is gradually changing. Whereas 37 per cent, of the exports of 3925 consisted of textiles and 12 per cent, of electrical goods, machinery, motor vehicles, ships, and aircraft, by 1929 textiles had fallen to 2S) per cent., while all other classes have risen to 16 per cent. The share of Europe in the world's trade has steadily risen since 1926. Trade between European countries has increased more rapidly than between Europe and other countries. The United States, Great Britain, and France employed a larger proportion of their national incomes in domestic consumption and investment, with the. result that^ their imports rose niorc rapidly than experts. On the contrary, borrowing countries, such as Germany, Poland, Hungary, Rumania, avid Jugo-Slavia, were forced by the stringency of the international capital. market to reduce imports and to increase exports. Owing to creflit difficulties certain nonEuropean States were obliged to settle accounts by exporting gold and drawing upon their foreign balances.