§ 18. Mr. DAVID GRENFELLasked the President of the Board of Trade the value and volume of world trade in the years 1929, 1930, 1931 and 1932, and the estimated percentage of these figures shown by the trade of the United Kingdom with other countries?
§ Dr. BURGINAs the answer involves a statement of figures, I will circulate it in the OFFICIAL REPORT.
§ Following is the answer:
§ On the basis of figures compiled by the League of Nations, the aggregate value and estimated volume of world trade and the United Kingdom's share of the total value was as follows in the years mentioned:
| — | Total value of world trade. | Share of the United Kingdom. | Estimated volume of world trade (1929=100). |
| Million £ (gold). | Per cent. | ||
| 1929 | 14,107 | 13.04 | 100 |
| 1930 | 11,418 | 13.38 | 93 |
| 1931 | 8,174 | 13.47 | 84 |
| 1932 | 5,505 | 13.29 | Not yet available. |
§ The figures for 1932 are provisional.
§ While the United Kingdom's share of the volume of world trade cannot be stated, it would appear, from the published figures of the volume of the trade of the United Kingdom, that the decline in the volume of this country's aggregate trade between 1929 and 1930 was greater, and between 1929 and 1931 was less, than the respective figures for world trade shown by the above table.