Economic Development of Africa, 1880–1939 vol 4 by David Sunderland

Author:David Sunderland [Sunderland, David]
Language: eng
Format: epub
Tags: History, General
ISBN: 9781351222013
Google: pmNQDwAAQBAJ
Publisher: Routledge
Published: 2017-09-29T05:01:17+00:00

H. Jennings, The National Bank of South Africa, Limited … Monthly Trade Report. No. 54 (London: Imperial South African Association, 1921).

The National Bank of South Africa, LIMITED1

(With which are incorporated the BANK OF AFRICA, Ltd., established 1879, the NATIONAL BANK OF THE ORANGE RIVER COLONY, Ltd., established 1877, and the NATAL BANK, Ltd., established 1854.)

Fifth year of publication. Monthly Trade Report. No. 54.

PRETORIA, 30th September, 1921.

South African Business and Prospects.

In our June number comparative figures were adduced from the statements issued by the British Board of Trade, showing the relative position of South Africa as an exporting Dominion. The figures covered the first quarter of the years 1914 to 1921 inclusive. Statistics for the first six months of the years mentioned are now available, but the year 1915 is omitted. Taking an average over the seven years it is found that South Africa ranks seventh on the list of Dominions exporting to the United Kingdom. The list, in order of precedence, is as follows (the values cited representing millions sterling):– (1) India and Ceylon, £44: (2) Australia, £38 ¾; (3) Canada, £30; (4) Egypt, £24 ¾; (5) New Zealand, £21; (6) West Africa, £9 1/10; (7) South Africa, £9; (8) Other Possessions, £8 ¼; (9) Straits Settlements, £7 ½; (10) West Indies, £4; (11) Malay States, £2 ¾; (12) Mauritius, £2 ¼.

There has been a general decline from last year, the solitary exception being New Zealand whose exports to the United Kingdom increased by 3 ½ millions sterling. The heaviest reductions are shown by India and Ceylon (39 ½ millions) and Egypt (39 millions). The South African decline was slightly over 4 ¼ millions sterling.

During the half year ended June 1921, the United Kingdom obtained from the Dominions imports to the value of 174 millions, the largest contributor being Australia with 42 millions or 24 per cent. South Africa’s quota this year being 9 ¼ millions, which represents 5 per cent, and places her sixth on the list.

The trade statistics for the seven months ended July 1921, are now available. Imports into British South Africa show a falling away in value from the corresponding 1920 period of 17 ½ millions, almost entirely accounted for by smaller importations of soft goods, which have declined by over nine millions, food and drink, some five millions less, and motor cars, imports of which have decreased by 4,758 cars, and in value £1,197,000.

In the first-mentioned category cotton manufactures show the heaviest decline, approximately 3 ½ millions. Apparel and slops are lower by over 2 ½ millions, and boots and shoes by more than 1 ¼ millions. Imports of woollen goods are some £751,000 less, haberdashery and millinery £624,000, silk manufactures £145,000, hats and caps £116,000, and linen manufactures £10,000. With regard to soft goods the situation is a healthy one, since it would appear to indicate that the excessive importations of last year will have an opportunity of being absorbed with greater celerity than during the latter portion of 1920 and the earlier months of this year.

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