I beg pardon, I thought the Deputy said that the food was in the country. A very considerable portion of these inevitable imports consist of food or raw material. The first of these inevitable imports is wheat and flour. In the six months under review our imports of wheat and flour amounted to £3,176,381. The next head is maize and maize products, maize, flour, and so on; that is slightly over £2,000,000; hops, which is the raw material of one of our great industries, that we cannot grow ourselves—I never heard of hops being grown in this country—amounts to £538,512; sugar —I have included sugar, because up to the present, and for the next few years at all events, there is no prospect of our being able to produce beet sugar— amounts to £1,327,426; tea, £1,060,762; coal, £2,097,025; iron and steel manufactures, £1,185,402. Next, I take machinery, and I have excluded from the calculation in connection with machinery, agricultural machinery, because that is made in the Saorstát. I do not know whether we produce enough for all our needs, but I am leaving anything that we can produce out of account in connection with these figures. I am leaving out of account every industry that the mind of the most ardent protectionist might desire to put a tariff on. Machinery, then, not including agricultural machinery, is imported to the value of £507,000. Cotton yarns are manufactures in which I do not think we could ever compete with Lancashire, because the climate there is peculiarly favourable to their production, and of cotton yarns and manufactures we import to the value of £1,064,313; chemicals we import to the value of £662,121, and oil, including motor spirit, we import to the value of £739,000.
I do not think any Deputy will challenge me when I say that all these things which are so necessary for us we must get from outside. We are not likely to start cotton mills on a large scale, and we cannot get chemicals out of our soil which do not exist there, and other things that we import, such as coal and cotton. That brings the total up to £14,382,942.
Our exports of cattle, food and drink amount to £18,000,000. There is another £3,000,000 of miscellaneous exports, very largely raw material, and not altogether helpful, but still we will throw that in. Our total exports in the six months period amount to £21,000,000, and, therefore, in theory, we have only £7,000,000 left to pay for all these things not included in those inevitable imports. We have only £7,000,000 of export trade to buy clothes, boots, and tobacco, which is a very large item, motor cars and luxuries of every kind; that is to say, that if the national balance sheet, not the balance sheet of the Minister for Finance, but if the balance sheet of the Minister for Commerce is to show a true balance, we have only £7,000,000 that we can spend. In practice in the six months under review we have spent £19,000,000 on goods from outside.
If I may illustrate my thesis, I will take the case of an individual farmer: The farmer spends, say, £140 on the working expenses of his farm. He spends another £190 on luxuries, and from the farm he gets a return of £210, as we have our exports of £21,000,000. Therefore he is £120 to the bad; but, of course, he could not carry on his business if these were his only resources. But suppose the farmer has a brother in the United States who sends him £20 every Christmas, and supposing that in the good time of the war boom the farmer invested £2,000 in British War Loan, and gets £100 interest from it coming in every year, then he will be able to make up the £120 from those two outside sources and his accounts will balance. That, I fancy is what is being done. Our position is not as bad as it appears on paper, because there are large sums of money invested outside the Saorstát that come into it to be spent.
I have no idea what the total amounts are, but the Minister for Finance, the night before last, estimated that £8,000,000 a year came in. I think that more than that must come in, or else our accounts are in a very bad condition. Of course, all this is on the high ground where finance and commerce mingle. While the Minister for Finance may deplore that fact, I am not quite so sure that the Minister for Industry and Commerce does, because I think it helps him to keep his balance straight. On some future occasion I should like to go into the point as to why, in some respects, it is a sound thing to have some of our money invested outside the State. There are some reasons in favour of that which I think the Minister for Finance has not fully considered. I have tried to lay before the Dáil the general situation as I see it, and if I am wrong I shall be pleased to be corrected. The general situation is, that our trade balance at the moment is in an unsound position, while our industry and commerce rest on an unsound basis. We have no great carrying trade such as Belgium and Holland, in the shape of shipping firms, have. We have very little of that, and hence I say our industry and commerce rest on an unsound basis, and we are simply being buttressed up by dividends coming into the country from outside.
I should like to know what is the policy of the Minister with regard to this question. I desire to make one or two suggestions to him, and even though Deputy Davin is not here, I may say that I always try to be constructive. Sometimes, I fear, I construct in a direction that Deputy Davin does not like. One thing is that we are at present saved by dividends coming in from outside. I think it should be the policy, not only of the Ministry of Industry and Commerce but of the Ministry as a whole, to encourage people who have money invested, even if not invested in this State, to return here and to live here. I think we can help that best by increasing the amenities of life, and whenever possible, by diminishing the burden of taxation. The second point I make is, so far as possible, to decrease these inevitable imports. We spend over £4,000,000 a year on coal. If, by some means we could develop electrical energy to such an extent as to supplant coal, then we might save that sum of £4,000,000 a year on our adverse balance. I hope the Minister, when he comes to reply, will tell us what stage the Shannon development scheme has reached. The third, and, of course, the obvious point I want to make, is to extend our export trade as far as possible. In that export trade by far our largest customer is Great Britain. For sentimental or for any other reasons we cannot afford, from the strictly business point of view, to interfere with that trade. It is possible that with new developments, as a result of what has occurred within the last couple of days in Great Britain, renewed attempts at Colonial preference may be made in the policy of Great Britain. If so, it is up to us to see that we get our full share of that, and not let Canada or New Zealand come in and cut us out in the British market.
Then, again, I am struck by the small countries with which we have a good trade balance. We have, I ought to say, a pretty good trade balance with the British West Indies. In eight months they have taken from us £15,000 worth of goods, while the Straits Settlements have taken from us goods to the value of £21,000. A good many of these small countries seem to take our biscuits and other things fairly freely, and I suggest that that small trade is worth working up. I cannot help thinking whether, instead of having a large number of Consulates or representatives in foreign countries, it would not be better for the Minister to have a travelling commissioner in foreign countries to develop Irish trade, a sort of glorified commercial traveller under the aegis of our Government. If we had such a commissioner he could go about spreading knowledge of our industries in places where we do a small export trade at present. Finally, I desire to ask the Minister if he has anything in his Department in the way of an economic general staff, any Department that is charged with the thinking out of policies for the future, with the consideration of contingencies that may arise, such as strikes in Great Britain or elsewhere, changes of fiscal policy in the United States, Canada, or Argentina. I desire to know if there is any branch of the Ministry devoted to that work, because in these matters a little foresight sometimes pays a very valuable dividend.