§ Mr. CLARRYasked the President of the Board of Trade how the total volume of world export trade at the lotest ascertainable figures compares on a 1913 price level basis with exports during 1913?
Mr. SAMUELThe aggregate sterling value of the exports of the world, so far as they can be ascertained, amounted in 1913 to £4,035 millions and in 1923 to £5,299 millions. The total for 1924 cannot yet be stated. The factors for the reduction of the aggregate value of the world's trade in 1923 to its equivalent in terms of 1913 prices are not known with any precision. If my hon. Friend will consult the opening pages of the Introduction to the Survey of Overseas Markets issued recently by the Committee on Industry and Trade, he will find an examination of the leading figures which may be of assistance to him.