asked the Minister for Industry and Commerce to state the estimated amount of the nett adverse trade balance in the year 1930, 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 involves a number of figures will circulate it with the Official Report.
The following is the reply:—
The following are the items of visible or invisible trade for the calendar year 1930, or for the financial year 1930-31, as far as these items are known or have been estimated:—
|
INWARD OR CREDIT MOVEMENT (EXPORTS): |
£ |
|
Merchandise (including parcel post) |
45,731,000 |
|
Bullion and coin |
179,000 |
|
Estimated income from investments abroad |
11,300,000 |
|
Estimate of emigrants remittances form U.S.A. and U.S. tourist expenditure (based on U.S. Department of Commerce estimate for 1929) |
3,000,000 |
|
Port receipts estimated at |
200,000 |
|
Payments by British Government to Saorstát residents, including Ministry of Pensions, £1,945,000; pensions or reserve pay paid through the Saorstát Post R.I.C. pensions, £848,000; Civil superannuation, £55,000; Inland Revenue £34,000; judicial pensions, £17,000 |
3,200,000 |
|
Withdrawals from British Post Office Savings Bank and payment of dividend warrants |
427,000 |
|
Encashment of British Savings Certificates |
99,000 |
|
Diplomatic Consular and expenditure in Saorstát Eireann by foreign countries |
85,000 |
|
OUTWARD OR DEBIT MOVEMENT (IMPORTS): |
|
|
Merchandise (including parcel post) |
56,740,000 |
|
Bullion and coin |
104,000 |
|
Estimated outgo from extern investments in Saorstát Eireann. |
5,700,000 |
|
Land Annuities |
2,987,000 |
|
Annuties paid to the British Government:—Damage to Property, £250,000; Local Loans, £600,000; Land Acts, £134,000; payment of interest and repayment of principal under Telegraph Act, Post office Site (Dublin) Act, Railways (Ireland) Act, and Marine Works (Ireland) Act, £48,000 |
1,033,000 |
|
Repayment to British Government in respect of pensions, including civil pensions, £115,000; R.I.C. pensions, £1,170,000 |
1,285,000 |
|
Travelling and passage mony of overseas emigrants, estimated at |
700,000 |
|
League of Nations and representatives abroad |
55,000 |
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.
14th, October, 1931.