asked the Minister for Industry and Commerce if he will state the amount of the net adverse balance in the external trade of the Irish Free State in the year 1929, allowing for invisible items, and if he will state the different items of invisible trade in respect of which estimates have been prepared.
Ceisteanna—Questions. Oral Answers. - Adverse Trade Balance.
As the reply contains a large number of figures, I will, with the Deputy's permission, circulate it with the Official Report. The following is the reply:—
The following are the items of visible and invisible trade for the calendar year 1929 or for the financial year 1929-30 (unless otherwise indicated) as far as these items are known or have been estimated.
|
Amounts. |
|
|
£ |
|
|
Inwards or Credit Movements (Exports): |
|
|
Merchandise (including parcel post) |
47,869,000 |
|
Bullion and specie |
353,000 |
|
Estimated income from investments abroad, 1928 |
11,800,000 |
|
Estimate of emigrants' remittances from U.S.A. and U.S. tourist expenditure |
3,280,000 |
|
Port receipts, estimated at |
195,000 |
|
Payments by British Government to Saorstát residents, including Ministry of Pensions, £2,010,000; pensions or reserve pay paid through the Saorstát Post Office on behalf of the War Office, Admiralty and Air Ministry, £262,000; R.I.C. pensions, £869,000; civil superannuation, £60,000; Inland Revenue pensions, £4,000; Post Office pensions, £43,000; Customs and Excise Pensions, £36,000; judicial pensions, £16,000 |
3,300,000 |
|
Withdrawals from British Post Office Savings Bank and payment of divided warrants |
590,000 |
|
Encashment of British Savings Certificates |
143,000 |
|
Diplomatic, consular and other expenditure in Saorstát Eireann by foreign countries |
80,000 |
|
Outward or Debit Movements (Imports): |
|
|
Merchandise (including parcel post) |
61,302,000 |
|
Bullion and specie |
487,000 |
|
Estimated outgo from extern investments in Saorstát Eireann, 1928 |
5,600,000 |
|
Land Annuities |
2,995,000 |
|
Annuities paid to British Government:—Damage to Property, £250,000; Local Loans, £600,000; Land Acts, £134,500; repayment of principal and payment of interest under Telegraph Acts, Post Office Site (Dublin) Act, Railways (Ireland) Act and Marine Works (Ireland) Act, £69,000 |
1,054,000 |
|
Repayment to British Government in respect of pensions, including civil pensions, £120,000; R.I.C. pensions, £1,171,000 |
1,291,000 |
|
Travelling and passage money of overseas emigrants, estimated at |
620,000 |
|
League of Nations and representatives abroad |
51,000 |
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.