140 
* INTERNATIONAL TRADE 
Ak 
to be made from the recorded imports. Where still other invisible 
items than freight enter in the international account, such as 
loans, interest, tourist expenses, and the like, this continuing 
deceptive circumstance must still be allowed for. The imports 
always appear too large, and some discount must be made. When, 
on the other hand, the usual practice is departed from, as in the 
United States, a qualification must be made as regards the allow- 
ance: the discount is to be applied to foreign nations as regards 
their recorded trade, but not to the United States as regards 
her recorded trade.