BRITAIN’S TRADE
EXPORTS FOR FIVE MONTHS SHOW DECREASE. MORE MACHINERY SOLD. (British Official Wireless.) RUGBY, June 15. Exports of goods from the United Kingdom in May were valued at £38,164,810, compared with £37.266,307 in April and £42,732,641 in May, 1937. The value of imports for those same periods was £75,393,773, £73,679,570, and £83,173,412 respectively. Re-ex-ports amounted to £7,177,179, as against £5,010,521 for the month before and £7,392,694 a year ago. For the first five months of the year exports showed a decrease of £10,551,450 over the corresponding period last year and amounted to £196,306,293. Imports are £1,817,378 less than a year ago at £393,427,311, and re-exports at £27,932,617 show a fall of £5,478,342. Of the decrease of nearly £8,000,000 in the value of imports last May, compared with May, 1937, more than £5,000,000 is in respect of raw materials —notably of raw cotton and wool. Cotton and woollen manufajctures are also the principal exports showing a decline in value. There was, however, a considerable increase in the value of machinery exported.
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Wairarapa Times-Age, 17 June 1938, Page 7
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171BRITAIN’S TRADE Wairarapa Times-Age, 17 June 1938, Page 7
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