Commons Explanation Given on Movements in 1937
London, Feb. 9.
The movements of British export trade to China since the middle of last year, were described by Captain Euan Wallace, Parliamentary Secretary of the Board of Trade, in the House of. Commons to-day, Exports for the third quarter of 1937, he declared, were only slightly less than for the corresponding period of 1936. Exports for the fourth quarter declined to about one-third of their value, compared with the previous corresponding period.
The decline, Captain Wallace said, was accompanied by a large increase in exports to Hongkong but it was not possible to say to what extent the increase was due to the diversion to Hongkong of shípmeáts which might normally have beer CSigned to Chinese ports—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.