In 1938 Switzerland's impens totalled approximately 1,607 million Swiss francs; exports having amounted to 1,317 millions, her trade balance showed a deficit of 290 millions against 520 in 1937. The position may be considered as favourable, this being the lowest figure registered since 1922, after which year the deficit increased each year to attain a miximum of approximately v62 millions in 1982.
In 1938 Swiss imports decreased by 200 million francs as compared with 1937. This drop is partly due to the fall in world market prices, #xports. on the other hand, increasea by 30 million francs. The situation in the metal-industries has, generally speaking, been quite satisfactory, while textile trades suffered a certain setback. A marked rise in exports is noted for machinery, vehicles. instruments and apparatus, aluminum. Exports of chemicals, cheese, condensed milk, chocolate, watches ate also on the upward trend.
Text read from the printed page and cleaned; old type leaves the occasional error.