11657-Economic Survey-Galley 31
Table 19
Page 51
United Kingdom Exports and Re-exports by Destination
Per cent. of total value(1)
O.E.E.C. Countries
Other Non-Sterling Countries United Kingdom Colonies Other Sterling Area Countries
Total Non-Dollar Countries Dollar Area
Total-All Countries
1950
1948
1949
1st Half
2nd Half (pro- visional)
Year
(pro- visional)
25
16
12
35
88
· 12
3525 89
2023 02
17
13
37
90
10
2222 62
27
26
27
15
13
14
13
11
12
32
34
33
87
84
86
13
16
14
...
100
100
100
100
100
(1) Based on transactions, as defined for balance of payments purposes.
Sterling Area Balance of Payments with Dollar Area
Table 20
U.S. $ million
1950
1948
1949
1st half
2nd half (provi-
Year
(provi-
sional)
sional)
United Kingdom
Imports
1,623
1,595
568
624
1,192
Exports and re-exports
Invisibles (net)
771 -253
688
368
519
886
-212
+37
-14
+22
Current balance
-1,105
-1,120
-164
-119
-284
Capital transactions (net)
-211
-3
+34
+243
+277
--1,316
-1,123
- 130
+124
-7
Total U.K. surplus or
deficit)
Rest of Sterling Area
Surplus or deficit with dollar
area
(a) Dependent overseas
territories
(b) Other Sterling Area
countries
+169
+162
+174
+264
+438
...
-473
-528
+33
+43
Subscriptions to I.M.F. and
+76
Bank
-7
Gold sales to Ü.K.
-7
+222
+234
+149
+132
+281
-82
- 132
+356
+432
•
+788
Total R.S.A. surplus or
deficit
On Whole Sterling Area Account Net gold and dollar receipts from, or payments to, other countries
-
...
-312
-276
-6
+29
+23
...
-1,710 -1,531
+220
+585
+804
Total Net Gold and Dollar
surplus or deficit
Financing of the Gold and Dollar Surplus or Deficit
Table 21
U.S. $ million
1950
1948
1949
1st half
2nd half
Year
U.S. line of credit Canadian credit
I.M.F. drawings-U.K....
R.S.A.
300
52
116
45
45
60
68
52
South African gold loan...
E.R.P.: U.K.—grant
Irish Republic (loan)
325
601
900
427
269
696
loan
81
232
10
...
10
64
33
24
57
Change in gold and dollar reserves
(decrease, -)
-223
-167
+735
+877(1)| +1,612(1)
Net gold and dollar surplus or
deficit
Page of 587...
-1,710 *-1,531
+220
+Page 5 of 587
(1) Canadian $ holdings at end-1950 are valued at current rates of exchange.
51
52
11657-Economic Survey-Galley 32 Page 52 of 587