Social insurance and allied services : memorandum on the Beveridge Report
1943-02-10 1943 1940s 24 pages 16. TABLE "E" Year British Exports. Balance of Trade. Unemployment % Volume 1913=100 Value Retained Imports Excess of Imports over Exports Shipping, Banking, etc. Foreign Investment Income Final Balance £...
| Institution: | MCR - The Modern Records Centre, University of Warwick |
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| Language: | English English |
| Published: |
10 February 1943
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10796/360D0309-3F85-43EF-BD37-9CE36E856CD6 http://hdl.handle.net/10796/3B5C9EB4-2999-4C6B-8267-0FD068A29A37 |
| Summary: | 1943-02-10
1943
1940s
24 pages
16. TABLE "E" Year British Exports. Balance of Trade. Unemployment % Volume 1913=100 Value Retained Imports Excess of Imports over Exports Shipping, Banking, etc. Foreign Investment Income Final Balance £ Mill. £ Mill. £ Mill. £ Mill. £ Mill. £ Mill. 1913 100 525 659 134 130 210 + 206 3.6 1919 55 799 1,461 662 No figures No figures 1920 71 1,355 1,710 375 396 200 + 221 3.9 1921 50 703 979 276 No figures 16.6 1922 69 720 899 179 152 175 + 148 14.1 1923 75 767 978 211 150 200 + 139 11.6 1924 76 801 1,137 336 188 220 + 72 10.2 1925 76 773 1,167 394 190 250 + 46 11.0 1926 68 653 1,116 463 198 250 - 15 12.3 1927 78 709 1,095 386 218 250 + 82 9.6 1928 80 724 1,075 351 224 250 + 123 10.7 1929 82 729 1,111 382 235 250 + 103 10.3 1930 67 571 957 386 194 220 + 28 15.8 1931 52 391 797 406 132 170 - 104 21.1 1932 52 365 651 286 85 150 - 51 21.9 1933 53 368 626 258 98 160 — 19.8 1934 57 396 680 284 107 170 - 7 16.6 1935 61 426 701 275 122 185 + 32 15.3 1936 63 441 787 346 128 200 - 18 13.0 1937 68 521 953 432 166 210 - 56 10.6 1938 60 471 858 387 132 200 - 55 12.4 Average 1920-38 (19 yrs.) 13.5 (50) The above Table shows that, since the last war, the volume of our Export trade has never regained its 1913 level and that in 1938 even the value of our Expert trade, despite higher prices, was less than it was in 1913. It will also be seen that, in 1938, the excess of Imports over Exports was close on £387 millions and that we filled that gap by £132 millions from our Shipping and Banking services and by £200 millions from the interest on our foreign investments, and left ourselves even then with a debit balance on the year of £55 millions. (51) Since 1938, when export trade has necessarily been reduced to small dimensions we have, in order to pay our way and get our necessary imports, had to realise our foreign investments to such an extent that they have for the most part disappeared. We shall therefore have to start out after this war without the bulk of the £200 millions of interest on these investments on which we had to rely so largely for meeting the cost of our imports before the present war. (52)/
200/B/3/2/C216/5/50 |
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| Physical Description: | TEXT |