§ Sir W. Smithers
asked the President of the Board of Trade what was the total value of our imports and what proportion of them was paid for by invisible exports in 1913 and up to the last normal year preceding this war.35W
§ Mr. Dalton
Imports may be paid for either by exports or by items not recorded in the Trade Returns, and there is not normally a precise balance. Accordingly, percentage figures are inappropriate, and the following table gives, in addition to the values asked for, the value of exports of United Kingdom goods. Corresponding figures are not available for the years 1914–1922.
Notes: (A) As from 1st April, 1923, all transactions between Southern Ireland and Great Britain and Northern Ireland have been treated as external and are accordingly included in the above figures. Previously, such trade was internal and was excluded from the figures.
(B) The figures in column (4) include the net difference between receipts and payments on Government account, and the latter includes reparation payments and payments or receipts in respect of the principal of inter-Governmental loans.