Diagram  II.

Showing  the  Special  Exports  of  the  United  Kingdom  and
of  the  United  States  for  each  year,  1890-1904.—
See  Table  III.

EXPORTS
PfRTEAR
of  L
5  2  o
3  0  0
280
2&0
240
2  2  0
200
I  80
I  6  O
I  U  0
I  2  0
I  0  0
8  o
6  o
I»  o  -
20  -

O  -  c(  <0  3"  «  -£>  I—  CO  O'  O  -  <S  iO
o  o  o  o
CO  OD  00  'to  03  oo  ro  Go  Go  Oo  O'  C7\  ^  O'

OK.2.Gz*

S.I76  -

*

The  solid  black  line  shows  the  special  exports  of  the  United
Kingdom  (including  ships  during  1899-1904.  Ships  were  not  recorded
during  1890-1898).
„  The  dotted  black  line  shows  the  special  exports  of  the  United
States.
In  this  instance  the  principle  of  compensating ­
  trade  fluctuation  is  most  clearly