VALUE OF THE JUTE TRADE 



CORCHORUS 



Trade 



t hn case, a value of Rs. 33,00,00,000, or say 22,000,000, wa 



tin- contribution of Kuropean manufacturing enterprise, paid in r."-"> ( i 

 '> the agriculturists and traders of Bengal for raw jute. 



Exports. Of the exports of Raw Jute in 1905-6, 42 per cent, was 

 conveyed to the United Kingdom; 19 per cent, to Germany; 14 per cent, 

 to the United States; and 10 per cent, to France. In 1906-7 the 

 actual figures in value were Rs. 26,83,86,810. Of the supply drawn 

 to the United Kingdom, a fair amount is reshipped to the Continent 

 Fiance being the chief recipient, while from the jute secured by the Indian 

 mills, goods are manufactured of which a very large portion is annually 

 \ ported as jute manufactures and the balance used up in the local markets. 

 1906-7 these foreign exports were valued at Rs. 15,68,34,740. The 

 irages and profits of this manufacture, to a large extent, are realised in 

 ilcutta, and the mills gave in 1905-6 an average daily employment to 

 145,000 persons. The exported manufactures ordinarily represent ap- 

 aroximately about two-thirds of the turnover. An estimate, for example, 

 made of the total value of the manufactures of the Indian mills during 

 1-2, and the figure arrived at was 1,150 lakhs of rupees. The exports 

 foreign countries were that year Rs. 8,71,14,174, which thus left a 

 ilance of manufactures to meet the Indian market of Rs. 2,78,85,826. 

 Jy way of contrast with these stupendous attainments it may be men- 

 ioned that some thirty years ago the foreign exports of jute manufactures 

 irere returned as valued at Rs. 71,94,776 (or 479,651). 



Recently the exports of jute cloth have been progressing in a higher 

 itio than those of bags, which is possibly to some extent the outcome 

 the cloth finding new purchasers, such as those of the linoleum manu- 

 3turers (see Carthamus, p. 282). The United States of America ordi- 

 take over 70 per cent, of the jute CLOTH made in India (479,387,950 

 irds out of 696,067,945 in 1906-7). Australia is the largest single pur- 

 ising country for BAGS, though within recent years it has been followed 

 by the Argentine Republic. The total exports in 1906-7 were 

 )7,683,115 bags, of which 37,002,300 went to Australia and 22,890,500 

 Chili, with 33,882,485 to the United Kingdom. 



This brief review of some of the more striking and practical aspects 

 )f the jute trade may now be fittingly concluded by the following statistical 

 abstract of the total value of the traffic : v^ 



Statement of Jute Trade. 



Value of Juts 

 to Bil 

 Agriculture. 



Exports : 

 Raw. 



Eeotirlng 

 OoontriM. 



Manu- 

 factures. 



Value of Local 



Cloth vertut 



Complete 

 Statement. 



425 



