§ Sir H. SAMUELasked the President of the Board of Trade what is estimated to have been the income of the United Kingdom drawn from overseas in each of the years 1929, 1930, and 1931, under the following heads: payment for exports of British produce and manufactures, earnings of the shipping industry, income from overseas investments, and receipts from other sources; with the totals?
§ Mr. RUNCIMANIn the issue of the "Board of Trade Journal" for 18th February last, there is given a table containing estimates of the net national income under the heads and for the years specified in the question. The declared value (f.o.b.) of the exports of British produce and manufactures is published in the Trade Accounts, but the payment made in respect of such exports during the years in question cannot he estimated. The Chamber of Shipping have published the following estimates of the earnings of British ships engaged in the foreign trade, less their expenditure in foreign ports:—1929,£130,000,000, 1930,£105,000,000, and 1931,£70,000,000 Sir Robert Kindersley, in an article in the "Economic Journal" for June, 1932, gave the following figures for the income derived from overseas investments, these figures being subject to the reservations stated in the article and to the qualifications made in the article in the "Board of Trade Journal" referred to above:— 1929,£230,875,000; 1930,£209,005,000; and 1931, a, tentative estimate of£169,561,000.