London, Feb. 20.
Despite an excess of visible imports over exports of £263,000,000, Great Britain in 1995 had a favourable balance of trade, including invisible Jexports, of £37,600000, us compared with the adverse balance of last year.
The chief items contributing to the invisible exports were shipping. valued at £75,000,000, and income from overseas investments totalling 185,000,000.
An. important qualification in the British balance of payments is that a greater part of it is due to the effects of America's silver programme, 'The latter Jed to a large net export of silver, which rase from £ 12,500,000 to £54,800,000, whereas imports only'
iereased by £18,200,000—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.