M

159

in  various  securities  of  one  country.  For  the
net  result  of  this  investigation  is  to  show
that  whereas  frequent  and  important  trade
fluctuations  occur  in  various  parts  of  the
world,  the  world  itself  is  practically  immune
from  such  fluctuations.
John  Holt  Schooling.
(Author  of  The  British  Trade  Year  Book.)

Note.—Table  VI.,  Appendix  (see  next  page),  gives  the
facts  for  each  year,  1890-1904,  that  will  enable  any  reader
to  check  the  accuracy  of  the  results  shown  in  Statements  A
to  G,  and  in  Tables  I.  to  III.  Tables  IV.  and  V.  contain
the  original  facts  to  which  they  relate.  And  Table  VI.  is
a  much  condensed  summary  of  the  World’s  Export  Trade.