§ Mr. HAMMERSLEYasked the President of the Board of Trade what are the most recent estimates of the balance of trade from the year 1922 to the latest year for which figures are available?
§ Sir B. CHADWICKThe balances of income and expenditure in the transactions (other than lending and repayment of capital) between the United Kingdom and all other countries have been estimated as follow:
These figures should only be regarded as approximations and as subject to the 375W considerations set forth in the article in the Board of Trade Journal for 27th January, 1927, a copy of which I am sending to my hon. Friend.
Million £ 1922 Credit Balance … … 154 1923 do. … … 153 1924 do. … … 86 1925 do. … … 54 1926 Debit Balance … … 12