The Archive · 1935

A CROSS-CHECK

certain leader. whose chances the polls are considered to be remarkably slim, has been "witted about the use of the phrase that Britain must go "on and on and on, and up and up and.up," it appears from the statistics published in another column that that is exactly what is happening to British trade. Exports for October improved by nearly £6,000,- 000, though this was offset to som content by the increase in imports is changed when the total amount of British trade for the frst ten months of the year is taken into account. -EXports are £26,000,000 better than for the same period. last year. while imports have only increased in the gross folal by 6,000,000. In other words adverse trade balance has decreased by £18.000,000, Figures such as these quoted do not represent the full facts of the case, for there are other factors to be taken into account when deciding what a country's trade balance actually' Is Invisible exports, such as. services. the movement of money, etc. have all to be. taken into consideration when arriving at a true valuation of country's economic position, but the fact that there has. been "a substantial increase in British exports may be taken as indicating that there is more work being done. and consequently less unemployment. Tt 1s, therefore, a very interesting crass: check onthe statements regarding the decrease in unemployment which has lveen periodically reported,

Text read from the printed page and cleaned; old type leaves the occasional error.

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