Note 31 — Chapter VII

Britain's total overseas trade for 1908 was $5,245,000,000, of which $3,920,000,000 was with foreigners, and $1,325,000,000 with her own possessions. And while it is true that with some of her Colonies Britain has as much as 52 per cent. of their trade—e.g., Australia—it also happens that some absolutely foreign countries do a greater percentage even of their trade with Britain than do her Colonies. Britain possesses 38 per cent. of Argentina's foreign trade, but only 36 per cent. of Canada's, although Canada has recently given her a considerable preference.