§ 116. Mr. Thornton
asked the Secretary of Stale for the Colonies if he will give the reasons for the discrepancy in the Hong Kong Government's and his Department's figures of visible trade between Hong Kong and the United Kingdom, each purporting, in recent years, to have an adverse balance with the other.
§ Mr. Sandys
The apparent discrepancy between the Hong Kong and British trade accounts is due principally to the fact that in both cases the valuation of imports includes insurance and freight, whereas the valuation of exports covers costs only to the point of shipment. It is the normal practice to publish trade returns in this way.