§ 41. Sir A. STEEL-MAITLANDasked the President of the Board of Trade what was the volume of the exports from Germany, France, and Great Britain, respectively, in 1930, expressed in percentages of the volume in 1929?
§ Mr. W. GRAHAMEliminating the effect of price changes, the volume of the domestic export trade of Germany, including deliveries on account of Reparations, was 4.6 per cent. less in 1930 than in 1929. In the case of the United Kingdom, there was a reduction of 18.1 per cent. Similar information in respect of France is not available.
§ Lord E. PERCYAre we to understand that the reduction of 18 per cent. is entirely due to world causes?
§ Mr. GRAHAMI think that it was overwhelmingly due to world causes.
§ Sir A. STEEL-MAITLANDThen can the right hon. Gentleman tell us why the reduction in the case of Germany was only 4 per cent.?
§ Mr. GRAHAMThere are innumerable other considerations to be taken into account.