Balance of Trade.

Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 10th November 1936.

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Photo of Mr Gordon Hall Caine Mr Gordon Hall Caine , Dorset Eastern

asked the President of the Board of Trade whether, in view of the fact that an adverse visible balance of trade approximating to £350,000,000 may be expected for the current year, he has any information to show whether the other items making up the country's balance of payments will be sufficient to avert a deficit; and, if not, whether any action is contemplated to remedy the situation?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

I regret that the desired information is not available, as it is not practicable to furnish, for periods other than a calendar year, an estimate of the invisible items entering into the balance of payments.

Photo of Colonel Sir Joseph Nall Colonel Sir Joseph Nall , Manchester Hulme

In view of the very adverse balances with several other countries, why have the Department not pressed more vigorously for further trade agreements?