BRITISH TRADE

Wairarapa Times-Age, 28 October 1939, Page 8

BRITISH TRADE

DECLINE LESS PRONOUNCED THAN IN 1914 POSITION IMPROVING STEADILY. WIDE RANGE OF EXPORTS AVAILABLE. By Telegraph—Press Association —Copyright (Received This Day, 11.50 a.m.) LONDON, October 27. The Board of Trade announces that trade in September was affected very considerably by the war conditions. The control of certain exports affected various branches of trade somewhat severely at the outset, but it is noteworthy that the reduction of exports in September as compared with last year is relatively smaller than in August, 1914. The figures for September were: Imports £49,900,000 Exports £23,100,000 Re-exports .. £2.400,000 One of the principal reasons for the decline in imports was the closing of the Mediterranean for three weeks. This also affected exports, owing to delay in ships’ arrivals and discharge. The position has been steadily improving, especially in the last ten days. September’s decline in exports was due to the cutting off of rade with Germany and a drastic reduction in exports to neutral countries, especially Scandinavia. The Government has told exporters that a wide range of war materials not subject to control is readily obtainable.