TRADE BALANCE
CANADA AND UNITED STATES
MONTREAL. Commenting on the somewhat unequal balance of trade between Canada and the United States and similarly between the United States and the United Kingdom as brought out in the negotiating of the recent trade agreements between these respective countries, the Royal Bank ot Canada says in its monthly news letter: “After due allowance is made for tourist trade, it appears that the United States spent more for Canadian goods in each year since- 1931 than Canadians spent in the United States. In like manner, on balance, the United States pays large amounts to Great Britain for shipping, insurance and similar charges. On account of the final financial balance between the two countries would give full effect to these transfers and would show the position of Great Britain to be much more favourable than an examination of the commodity trade alone indicates.”
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Wairarapa Times-Age, 26 January 1939, Page 11
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148TRADE BALANCE Wairarapa Times-Age, 26 January 1939, Page 11
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