BRITISH TRADE

Hokitika Guardian, 14 April 1932, Page 5

BRITISH TRADE

EFFECTS OF DUTY

IMPORTS SHOW DECREASE

( United Pross Association— By Electro Telegraph.—Copyright.)

LONDON, April 12,

The -BoSrd of Trade figures show imports decreased by £9,482,000, exports by £2,793,000. and re-exports by £14.000. The principal decreases were * —lmports: Food and drink £1.957,000. iron and steel and manufactures thereof £723,000, cotton, yarns and manufactures £658,0C0, woollen ditto £1,060,000. apparel £1,358,000, miscellaneous manufactured articles £1,101,000.

Exports. Goal £572,000, vehicles £1.342,000. ■lncreases ;—lmports-: Grain and flour £766,000, raw cott-on £1,060,000, raw wool £807,000. Exports ; Cotton yarns and manufactures £979,000.

TARIFF WILL BE HELPFUL

FURTHER COAL DECLINE

London, April 13

Newspapers emphasise that there is historic interest; in the trade return--following on seventy years' of free trade, mul point out- there was a strik ing reduction of the adverse balance in Britain's trade in the first month of the general bar iff, the excess oi imports in March being only £29,923,000, which wais £10,267,000 less than for February. Moreover, the imports which suffered reductions are manufactured articles, while the -exports were the highest of any month in the year. Therefore, the tariff reform papers claim, khere is evidence that the effect of the new -tariffs in many direction: will soon be helpful to home industries. The least satisfactory feature is a further decline in Britain’s coal exports. This is owing to import restrictions in France, Germany and Belgium.