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Statement  G  is  exceedingly  interesting.
It  means  that  in  the  year  1890  the  United
Kingdom  supplied  18  0  per  cent,  of  the
world’s  exports,  and  that  the  United  States
supplied  12  per  cent,  of  the  world’s  exports.
In  1904  the  United  Kingdom’s  share  had
fallen  to  13  9  per  cent.,  and  the  United
States’  share  had  risen  to  13*8  per  cent.  The
change  of  position  of  the  two  countries,  as
world-traders,  is  most  marked,  and  we  could
scarcely  have  a  clearer  illustration  of  this
principle  of  compensating  trade  movement
which  is  so  closely  connected  with  the  validity
of  the  Geographical  Distribution  of  Capital.
Our  loss  of  position  as  a  seller  to  the
world  has  been  closely  accompanied  by  the
United  States’  gain  of  position  as  a  seller
to  the  world.  The  neck-and-neck  race
in  the  latter  years  of  Statement  G  is  a
striking  feature  of  this  most  interesting
comparison.
The  United  Kingdom’s  share  in  Statement ­
  G  is  slightly  exaggerated  in  the  years
1899-1904,  because  in  those  years  our  exports
include  ships  which  were  not  included  in  the
years  1890-1898.
My  investigation  contains  many  more
results  in  addition  to  the  leading  features