BRITISH TRADE
CESSATION OF EXPORTS TO EUROPE. FACTORS THAT MODIFY LOSS. (British Official Wireless.) RUGBY. July 30. Replying in the House of Commons to a questioner who asked whether a statement could be made on the reduction of exports due to the loss of the French and Italian markets, the President of the Board of Trade. Sir Andrew Duncan, said that coal had been the largest item of the export to France and Italy. Since the war the volume of the exports to France had increased, and big changes in the make-up of British trade due to France's war needs had also taken place. These exports were made more to assist Britain’s Allies in the common struggle than for commercial purposes, and the loss of the French market could not be regarded, therefore, as comparable with the loss of a neutral market taking a similar amount of goods. A considerable proportion of the goods exported to France was of a kind that was of greater value to Britain’s war effort. Every effort was being made to find other markets for goods which did not fall in this category.
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Wairarapa Times-Age, 1 August 1940, Page 4
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188BRITISH TRADE Wairarapa Times-Age, 1 August 1940, Page 4
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