GREAT BRITAIN, II 
Le 
ar 
253 
ine. The changes are in the same direction as those of the gross 
barter terms, but less marked. From 1880 to 1900, a less and less 
quantity of exports was sent out for a given quantity of imports; 
UNITED KINGDOM, 1880-1913. 
150 
4 
i 
401 
| 3C: 
Zu 
lu 
Oc 
Je 
my, 
J WNT 
er  e——1. J 
1900 1905 1910 1913 
gross barter terms 
net barter terms 
Vage index 
Base * 
10(, 
or rather, less and less of exports would have been necessary to 
procure a given quantity of imports if the only elements in the 
country’s international trade had been the exchange of merchandise 
imports for merchandise exports. After 1900 the trend is the 
other way, becoming less favorable to Great Britain instead of