Table 11
̈£ million
1950
1948
1949
July-
January
December
Year
June
(pro-
(pro-
visional) visional)
Current Account
Imports, f.o.b....
1,790
1,965
1,151
1,218
2,369
Exports and re-exports, f.o.b.
1,583
1,818
1,038
1,185
2,223
Balance of visible trade
-207
-147
-113
-33
-146
Invisibles (net)
+127
+109
+147
+188
+335
Balance of current transactions
(credit,
; debit, -)
~~80
-38
+34
+155
+189
Investment and Financing Account
Grants, etc. (to U.K., -)
- 138
-154
-111
-28
-139
Overseas investment borrow-
ing etc. (investment by U.K.,
+)
-93
+294
+17
-40
-23
Sterling liabilities
etc. (in-
crease --):
(a) Dollar area
-3.
- 12
-1
-48
-49
(b) Other non-sterling
countries
+242
- 188
+85
+122(2)
+207(2)
(c) Rest of Sterling Area
-34
+25
-218
-164
-382
(d) Total
+205
-175
-134
-90
-224
Gold and dollar reserves (in-
crease +)...
-54
-3
+262
+313
+575
Total of investment and financing,
-80
-38
+34
+155
+189
of which:
net change in capital account, (investment, +; disinvest-
ment, -)
+58
+116
+145
+183
+328
(1) The Balance of Payments tables in this Survey are a summary of the more detailed analysis contained in the United Kingdom Balance of Payments White Paper to be published shortly.
(2) Includes +80 of credits to European Payments Union.
United Kingdom Imports
Table 12
£ million f.o.b. (1)
1950
1948
1949
1st half
2nd half
Year
Food and feeding-stuffs...
826
908
511
449
960
Tobacco
36
49
17
43
60
Raw materials
606
681
426
534
960
Petroleum
127
121
77
71
148
Machinery and vehicles
50
55
29
27
56
Other imports
145
151
91.
94
185
Total
:
1,790
1,965
1,151
1,218
2,369
(1) Figures are for f.o.b. transactions, as defined for balance of payments purposes.
Volume of Retained Imports(1)
Table 13
1947
= 100
1948
1949
1950
Food, drink and tobacco
102
110
107
Raw materials and articles mainly un-
manufactured
104
117
123
Articles wholly or mainly manufactured
111
119
121
Total ...
105
114
...
114
(1) Imports (as recorded in the Trade Accounts) less re-exports.
Import and Export Prices(1)
Table 14
1950 100
Page 48
1949
1950 December, January, February, (average) (average) 1950
1951 Page148 of 587
Import Prices
86
100
111
118
Export Prices
94
100
106
107
(1) As recorded in the Trade Accounts.
48
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