Ratio of Exports of British Produce and
Manufactures to Imports retained in the U.K. in 1928.
Figures from Board of Trade returns.
Percentage
decimals omitted.

Soviet Dumping

SOVIET RUSSIA
Finland ..
Esthonia ..
Latvia ..
Lithuania
Sweden ..
Norway ..
Denmark...
Poland ..
Germany ..
Netherlands
Belgium ..
France ..
Switzerland
Spain ve
Italy A.
Czechoslovakia ..
Egypt .. -
Persia os .e
S.A... od
Central America...

3

F060

-

3
56

64

27

These figures are illuminating. A review of the last eight
years shows that whilst for every £ of imports retained in
the U.K. the world spent on an average 10s. 6d. on British
produce and manufactures, Soviet Russia, for the same
period, in spite of her great need, has spent less than 3s.
As regards the Empire, a simple computation shows that
the ratio of Exports of British Produce and Manufactures
to Empire Imports retained in the U.K. during the last
eight years was 112%. In other words not only did the
Empire countries spend on British manufactures every
penny obtained from their sales in Britain, but they actually
added 2s. 4d. in the £ obtained elsewhere.
To the Empire countries must be added a number of
foreign countries who have spent more than they actually
obtained in the process of direct trade. They are : Portugal,
Austria, Hungary, Yugo-Slavia, Bulgaria, Roumania. Turkey,
 Iraq, China and Japan.