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Dáil Éireann debate -
Tuesday, 20 Mar 1934

Vol. 51 No. 9

Ceisteanna—Questions. Oral Answers. - External Trade Balance.

asked the Minister for Industry and Commerce whether he can state the net balance of the external trade of Saorstát Eireann for the year ended 31st December, 1933, and indicate the various items of invisible trade taken into account in arriving at such balance.

Sufficient information is not yet available on which to base an estimate for the year 1933. A table showing the items of visible or invisible trade for the calendar year 1932, as far as these items are known or have been estimated, will be circulated with the official report.

Following is the table referred to:—

Inward or Credit Movement

Amounts

(Exports)

£

Merchandise, including sil ver bullion and coins other than gold, exported ((according to trade returns)

25,920,000

Gold bullion and gold specie exported (according to trade returns)

59,000

Interest received on other foreign Government and municipal loans, and other interest and dividends received from long-term capital investments abroad for the year 1932

10,100,000

Port receipts from foreign shipping in national ports

191,000

Emigrants' remittances

4,000,000

Receipts from U.S. tourists and travellers (a)

400,000

Miscellaneous receipts, including pensions paid by the British Government to persons resident in the Irish Free State and netreceipts in respect of Hospitals Sweeps

6,460,000

Withdrawals from British Post Office Savings Bank, and encashment of British Savings Certificates

508,000

Diplomatic, Consular and similar expenditure in Saorstát Eireann

90,000

Outward or Debit Movements (Imports)

Merchandise, including sil ver bullion and coins other than gold, imported (according to trade returns)

41,496,000

Interest paid on other Government and municipal foreign debt and interest and dividends paid on foreign long-term capital invested in the Irish Free State for the year 1932

5,700,000

Funds taken out by emigrants and returning emigrants

36,000

Repayment to British Government in respect of pensions of the Royal Irish Constabulary and civil pensions

1,232,000

Diplomatic, Consular and similar expenditure by Saorstát representatives abroad

58,000

Payment on account of amortisation of Govern ment and municipal foreign debt

10,000

(a) refers to 1931, corresponding figure for 1932 not yet available.

As the values of a number of items of invisible trade are not available, it is not yet possible to estimate the net balance of trade with precision.

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