258

INTERNATIONAL TRADE

Canada had a great excess of imports; Great Britain had the equivalent
 of an excess of exports — a marked lessening of the usual
excess of imports. These contrasts, as they appear in the present
chapter and in that on Canada, are familiar to the reader. We
have now to observe in what way they were reflected in the barter
terms of trade. All the elements in the situation might be expected
to bring it about that the terms became more advantageous to the
borrowing country — to Canada.
The appended chart shows the direction and extent of the
changes in the gross and in the net barter terms for Canada. It
has been prepared in the same way as the chart for Great Britain
on p. 253. The year 1900 is the base period, as it was for Great

CANADA, 1900-1913.

ho
IA

C

aol __
1900

00d 0eelo

I
—_—

 —

Uy

Index of gross barter terms
Index of net barter terms
Money wages

—
q13