Comparing the results of Swiss external commerce for the first five months of 1937 with those for the corresponding of 1936 it is shown that importations have increased from 4485 million francs to 7749 million, constituting an improvement of 326.4 millions, Exportations have increased from 3299 million to *|4TL8 million francs, representing 141.9 millions, The excess of im-;|portations over exportations has thus increased from 118.6 to 303.1 million francs, showing an increase of 184.5 millions.
The index of wholesale prices for Switzerland which was 97 at the end 21 delivery, [E sellers pos Ex -—Reuter. rd, of September 1936, the period of the devaluation of the franc (July 121 1914—100), was checked at 113 in;|March 1937 and has not increased since then; there even appears to be lat a tendency for a decrease, The Swiss
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