§ 3. Mr. HOUSTONasked the President of the Board of Trade whether he can state in values the amounts of our exports and imports respectively during the twelve months for which he has the latest records, and the date thereof; and whether he can state the value of the United States exports and imports respectively during the same period, or, if not, for twelve months ending at the date for which he has records, and the date thereof.
§ Sir A. GEDDESThe figures for the twelve months ended May, 1919, are:
| United Kingdom— | £ | ||
| Imports | … | … | 1,363,034,000 |
| Exports | … | … | 626,623,000 |
| United States of America— | |||
| Imports | … | … | 638,169,000 |
| Exports | … | … | 1,415,025,000 |
§ Re-exports valued at £60,000,000 in the case of the United Kingdom and at £29,000,000 in the case of the United States are included in the export totals.
§ Mr. HOUSTONIs it not the fact that if our exports do not increase and our imports decrease we are heading for bankruptcy?
§ Sir A. GEDDESI think that must be obvious to everyone who thinks for a moment.