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Supplement to Commerce Reports

Supplement to Commerce Reports

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Excerpt from Supplement to Commerce Reports: Daily Consular and Trade Reports Issued by the Bureau of Foreign and Domestic Commerce, Department of Commerce, Washington, D. C

Relations of the Netherlands Oversea Trust with Trade.

In Holland the Netherlands Oversea Trust has been organized, and this trust (commonly denominated the N. O. T.) is under contract with the British Government not to permit the reexportation of goods imported. It is unlawful for any British subject to ship goods to the Netherlands except when consigned to the Netherlands Oversea Trust, and if any neutral ships goods to the Netherlands otherwise consigned the presumption at once arises that the goods are intended for Germany and they may be detained indefinitely.

The Holland-America Line has a monopoly for practical purposes of the carrying trade from the United States to the Netherlands, the Netherlands Oversea Trust being unwilling to accept consignments from other companies, and freight rates are abnormally high from the United States to all Dutch ports.

Anglo-Danish Agreement-Trade with United States.

In December the Anglo-Danish agreement was signed, an agreement which applies to goods shipped to Copenhagen. This agreement is on the lines of the Netherlands Oversea Trust contract, but somewhat broader, as it permits Denmark to reexport certain goods "even to belligerent countries." While this agreement is held, officially, to be secret, unofficial copies are in circulation.

Export trade from Great Britain to the United States is subject to comparatively little restraint except as to wool, rubber, and tin. These three commodities are unobtainable unless imported through the agencies recommended and authorized by the British Government, the object, of course, being to prevent the reexportation of the raw or the finished products to countries at war with Great Britain.

Control of British Ships.

In addition to the exercise of strict control over the movements of goods which might reach Germany or which might perhaps originate in Germany, Great Britain has taken charge of the movements of British ships. The overwhelming predominance of the British mercantile marine renders this control a matter of supreme importance in many lines of business. The Government has requisitioned a great amount of British tonnage and now permits British ships to trade between neutral ports only under special license. It is an interesting fact that of 184 oil-tank steamers under the British flag, many of them American owned, 150 are under requisition.

The British Foreign Trade.

Board of Trade returns now available make it possible to compare figures covering export and import trade in the United Kingdom during a full year of war with the last normal year. They show that trade has largely adjusted itself to war conditions, and that if the value of the exports of British goods to Germany in 1913 were subtracted - 50,571.964 ($ 289,906,903) - there would be left a total for 1913 of 405,673,325 ($ 2,206,199,234), as against 384,647,336 ($1,871,886,260) in 1915, or not very far from normal.

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