Manchester Memoirs, Vol. xli. (1897), No. 11. 11 

 The following table shows the course of 



X RAViL 



T~) "C T 1 1 1 T "C T XT 



India and the United Kingdom 







( 



IN THOUSAND 



£) 







Average of 



Exports. 



Imports. 



Excess 



of 

 Imports 

 per cent. 



Shipping 

 engaged (from 

 Indian records). 

 Thousands 

 of tons. 



Excess 

 per ton 

 of 



Shipping, 



l8 75~79- 











s. d. 



To India 



• 24,653 



27,709 



12-4 



.. 1,299 • 



• 47/- 



From India . . . 



23,816 



.. 28,711 



. . 20'5 



.. 1,394 • 



• 70/3 



Total trade . . 







164 



. . 2,693 • 



• 59/- 



1880-84. 



- 













. . 31,821 



• • 35.60I 



v '■ ii;9 



1,476 . 



• 51/3 



From India . , 



.. 28,183 



• • 35-200 



. . 24 9 



.. 1,498 . 



• 93/8 



Total trade . . . 







180 



.. 2,974 • 



. 72/7 



1885-89. 













To India 



. . 32,382 



.. 36,158 



.. 117 



• • 1,542 • 



• 49/- 



From India . . 



. . 25,661 



32,301 



• • 25-9 



.. 1,432 . 



. 92/9 



Total trade . . , 







17-9 



.. 2,974 • 



. 70/- 



1890-94. 















■• 31,375 



.. 33,818 



.. 7-8 



1,406 



• 34/9 



From India . . , 



21,822 



. . 29,860 



. . 36 8 



.. 1,288 . 



• 124/4 



Total trade . . 







19-4 



. . 2,694 • 



• 77/k 



The figures of this table can hardly be explained with- 

 out the assumption that the Indian valuations in the 

 records used were on the basis of rates of exchange higher 

 than those obtained for Council Bills at the time, or, 

 possibly, an over-valuation of exports on this side, valua- 

 tions at former rates being used while prices have fallen. 

 Such a fact, however, will not overbalance the upward 

 tendency of transportation charges, regarded as a propor- 

 tion of values of the goods concerned, to which these 

 figures point. It should further be remarked that the 

 figures of shipping in the above table include entrances 

 and clearances in ballast or light. They are taken from 

 the Indian returns. 



