§ Mr. Pageasked the President of the Board of Trade why he publishes monthly figures of United Kingdom exports without including therein income earned from the provision of shipping and insurance facilities, whereas figures of United Kingdom imports include such items.
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§ Sir D. EcclesThe Trade Accounts figures of exports and imports measure the value of merchandise at the point of entry into, or departure from this country. This basis is the most readily available and most useful. The half-yearly White Paper on the Balance of Payments sets out the relationship between these figures and the figures for the United Kingdom balance of payments which record payments for all goods and services, including shipping and insurance.