HC Deb 09 June 1936 vol 313 cc40-1W
Mr. H. G. WILLIAMS

asked the President of the Board of Trade the percentage difference between the exports valued in sterling to the United Kingdom valued f.o.b. from Argentina, Brazil, South Africa, New Zealand, and Australia, respectively, and the imports into the United Kingdom valued c.i.f. from those countries for the latest year for which the statistics are available, showing accurately the geographical distribution of the exports and imports referred to.

Statement showing (a) the declared value (c.i.f.) of merchandise imported into the United Kingdom and registered during 1935 as consigned from the countries specified, (b) the recorded value (f.o.b.) of exports in 1935 from those countries to the United Kingdom in the original currencies and the sterling equivalent thereof, and (c) the percentage by which (a) exceeds (b) expressed in sterling.
Country. Value (c.i.f.) of imports into the United Kingdom. Value (f.o.b.) of exports to the United Kingdom. Percentage by which c.i.f. value exceeds f.o.b. value.
£'000. £'000. Per cent.
Argentina … 43,995 498,406,000 Pesos 33,227 32
Brazil … 7,210 378,133,000 Milreis 5,110 41
Union of South Africa … 13,692 £11,203,000 (a) 11,203 (a) 22
New Zealand … 38,127 £38,922,000 N.Z. (b) 31,262(b) 22
Australia … 54,307 £55,726,000 Aust. (c) 44,497 (c) 22
(a) Including the value of diamonds, most of which are not valued separately on importation into the United Kingdom.
(b) Including gold and silver bullion.
(c) For commodities other than wool, wheat, flour, butter and sugar, the market value in the Commonwealth is recorded.
NOTES:—
1. The goods whose values are recorded in columns (2) and (3) are not identical, owing to time lag and other causes, of which the fact that some countries record countries of final destination, and others countries of consignment is important, as is also the absence of complete information regarding the destination of goods provisionally recorded as exported "for orders."
2. The value of goods shipped on consignment may change while the goods are in transit.
3. The annual average exchange rates used do not necessarily constitute the correct factor for conversion of the original curriencies into sterling.