London, Feb. 24.
Britain's balance of International payments in 1930 was described as absolutely negligible" by Mr, Runelman in his speech before the Na Monat Liberal Club to-day.
"Last night," he ald, "we made up the total of the balance of payments.
was found that until' we had brought. in Invisible exports we appeared to be £340,000,000 astern, Our Imports appeared to be so much too Inrge, We need not be apprehensive about that, We have been able to pay for nearly the whole lot. By the time we added invisible exports, This defeat, as shown in estimates! fssuee by the Board of Trade to-day, compares with a credit of £33,000,000 in the previous year, entirely due to 4 larger excess of visible Imports of merchandise, silver bullion and specie amounting to £347,000,000 against +£260,000.000 In 1035. Shipping Income rose by £20,000,000 to. £95,000,- ud. Overseas investment income by £15,000,000 to 195,000,000, The debit balance, the City Ealtor of "The Times" points out, arises in a urge measure from the higher prices paid. for imports—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.