The Sun.
London, England, 1870-01-11 00:00:00

THE BALANCE OF TRADE.

Mr. Dudley Baxter concludes the controversy on
this subject in the Standard. He observes that the
cardinal point on which the whole matter hangs is
whether the surplus of imports over exports is a profit
or a loss. To illustrate this he gives the United Kingdom
as a great firm of capitalists, merchants, and ship-
owners, doing an immense business with a multitude
of other national firms. At the end of the year their
bookkeeper at the Board of Trade adds up the returns
from the different ports, of the goods received from
abroad into the warehouses of the firm, and finds
them to amount in value to £295,000,000. On
analysing the total, he- will find that part of it repre-
sents the debt due to the firm on the shipping
accounts, being for the freights on their excess of
ships employed. Another part of this total, say
R 20,000,000, is due to the firm for balance of inte-
rest on their foreign loans. The remainder,
say £202,000,000, represents the debt duo
by the firms of the United Kingdom
to the foreign firms for goods only. How,
asks Mr. Baxter, has this been paid ? His
answer is—By sending over the goods which are
roughly set down by our bookkeeper as being worth
22271J00,000. That sum is the trade irco to Its, and
the price at th 3 foreign ports on delivery to our
present crndi tor will be from 15 to 20 per cent. higher.
Thus it comes to pass that the debt is paid, and yet
Ivo have received a balance of goods worth I:08,000,000
as our profit on ships and capital and trade.

At this time, when the principles and practice of co-
'operative societies engross so large a share of attention, it may
be well that Messrs. Parkins and Gotto should remind the no
bility and gentry that they havelor the last twenty years ail opted
the practice of buying the best goods in large quantities direct
from the manufacturers, marking every article in plain egure,B;
and retailing them at the smallest possible profit fors reuis
money; and where, front distance or other causes, cali
ments have been impossible, they have never inerease4 atc 11.-C3
of the articles delivered. They respectfully
of their stock, consisting of portrait albums, writing-co ses, dres:
sing-cases, dressiug-bags, despatch boxes, eir‘velope-ease' ana
blotting-books, inkstands, desks, stationery cabin
goods, purses, pocket books, cigar-cases, reticule
scent-cases, smelling-bottles, electro-gilt and eT
articles—in fact, an endless variety of articles'
tan insp tion
purpose, and pocket.—Parkino and (lotto, 2,
street, W.

z
•nvelopn ..w
hints, or au jit
ules, opera al
glaE,Ses,
tagautly-u:c::uc~ it
teto SUlt OVarry.
Z 4

'THEATRE ROYAL, HAY MARKET.
Sole Lessee. Mr. linckatone.
THIS EVENING, A CO-OPERATIVE MOVEMENT.
Followed by, at 20 to 8, the New Comedy, NEW MEN
AND OLD ACRES : Mr Buckstone, Mr Chippendale, Mr
Howe, Mr Rogers, Mr. Braid, Mr Buckstone, jun.; Miss
Robertson, Mrs Chippenilale, Mrs. E. Fitzwilliam, Miss
C. Hill, dcp.
After which, THE F IIR ONE WITH THE SOLDEN
: Mr A. Wood, Miss F. Wright, Miss F. Gwynne Miss
Francis, 14,59 Murray.
Box-office open daily from Ten till Five.

fl'
HEATRE ROYAL, ADELPHI.
Sole Proprietor and Manager, Mr. B. WEBSTER
THIS EVENING, at 7 o'clock. OPEN TO CONVICTION.
Messrs. G. Belmore, J. D. Beveridge, C. H. Stephenson, Miss
L. Grey, and Mrs. Leigh Murray.
At i, THE LONG STRIKE. Messrs. B. Webster, G. Bel-
more, Atkins, Beveridge, A. Stirling, Hiss Furtado, &C.
To conclude with DOMESTIC ECONOMY. Mr G. Bet-
more and Mrs Leigh Murray.
Box-office open daily, from lo till 5. No fees for booking.
Places can be secured a fortnight in advance.'

HOLBORN T lIEATRE.ROYAL.
Sole Lessee and Manager, BARRY SULLIVAN
Sixth Week of " Love's Sacrifice."
THE
THIS EVENI
ONC*A, at Seven o'clock, the laughable Farce of
9ATEI RD-
At 7.45. Lovell's celebrated Play (in five acts), of LOVE'S
SACRIFICE: Mr Barry Sullivan ; Messrs. George Roney, J. C[
n"--Jas, Arthur.
,
Cowper, Charles foreman, Lin Rayne, Lunt,
&e.; Mrs. Hermann Vezin, Miss J. Rignold, Miss Amy Fe.wmitt
lira. C. TT orsman,
To conclude with S SECRETS.
Principal Scenic Artist—Mr Julian Hicks.
Acting Manager—AMOßY SuLtivx)i

(LOBE THEATRE-ROYAL.
RR Proprietor, Mr. Sefton Parry.
THIS EVENING, at 7, A HOUSEHOLD FAIRY: Miss Lydia
Foote, Mr Henry Neville.
At 7.30, Mr. Byron's new and original Comic Drama, in three
acts, written by himself, entitled NOT SUCH A FOOL AS HE
LOOKS: Sir Simon Simple, Mr. IL.T. Byron. '
At 9.10, LORD BATEMAN: Miss Fanny Josephs: Mesdames
Fruglies, Sydney, Behrend, and Williams ; Messrs Clarke and

1.) OYAL STRAND THEAI'RE.
A Sole Lessee and Manageress, Mrs Swanborough,
THIS EVENING, at 7.30, AMONG THE BREAKERS: Mr
Cl ►rke.
Followed by THE TOODLES : Mr Clarke.
After which, INO; Messrs Thorne, James, Fenton, Turner
Mesdames Sheridan. Newton, Maitland. &c.
To conclude with THE CHOPS OF THE CHANNEL'

LATESI EDITION of "THE SUN"
an.)"'mlied as goon as published, containing all thc LATEST
s6POBTING INTELLIGENCE, by 11 W BAWLS,
pat, 4, broad, London, S.

"SUN" NE WSPAPER.-G-. R. GA_ENIE,
R Sporting Library, 4, Connaught-terrace, Edgewo,a
delivers the LATH: EDITION of "THE SUN " at the earliest
possible moment after leaving the press. He is able to deliver
Copies in Town, the Suburbb, and in many parts of the country
at a comparatively early hour the same evening, say 40 miles by
7 45 o'clock
Orders by post punctually attended to

THE LATEST EDITION of " THE SUN " to
-a- be Been Every Evening by SlO at Mr. ROBERT MEACOCR'S,
B.itannia, Mensal New-town.

SPORTING.—JOAN ROBERTS supplies the
LATEST EDITION of "THE SUN" as soon as pub-
lishod.-4, Bath-street. City-road, P C.

THE SUN.—LATEST EDITION to be seen
every Evening, at Eight o'clock, at Mr GILLIAN'S, " The
Wheatsheaf," High-street, '2amden-town.

rr.HE LA I'EST EDITION of " THE SUN "
M. J. HOLMES begs to inform his friends and the public
generally that he supplies the LATEST EDITION of "THE
317 N " as soon as d.—No.lo, Hampstead-road N.W.

I HE THIRD EDITION OF << THE • SUN,"
giving all the SPORTL\ G NEWS of the day, may be seen
JEM My MA NTON'S house, "The Swan and. Horse Shoe,"
Little Britain. City, E.O

aHE LATEST EDITION of " TITE SUN "
may he seen at Eight o'clock every Evening at Mr. R.
NEWTORTS', the Oxford Arms, High-street, Camden-town

11HE LATEST EDITION of " THE SUN "
supplied, as soon as published, Every Evening, by W
ALEXANDER (late Brooks), Newspaper Agent, No. 4, Old
Cavendish street, Oxford-street

riiHE LATEST EDITION of " THE SUN "
supplied as soon as published, every Evening, by S.
WILSON, newsagent, and special agent for the North-western
District, 24, Delancey-street, Camden town, N W

THE LATEST or SPECIAL EDITION of
"THE -UN" every Evening, at Eight o Clock, at Mr
Ro)BERTS', "The Black Cap," High-street, Camden-town.

THE LATE EDITION of "THE SUN " at
J. S3IITITS, 39. Bow-street, Covent-garden.

ririxE LATE EDITION of "THE SUN" at
W. SMITHS " Camden Stores," 78, Park-street, Camden-

town.

THE LATE EDITION of " THE SUN " at
JAMES SPEEDY'S, "The Weliington,"Wellington-street,
S rand.

THEATRE-ROYAL DRURY- L ANE.
.-+ole Lessee and Manager, Mr. F. B. Chatterton.
THig EVENING, at 7, I'M NOT MYSELF AT ALL. At 7.45,
BEAUTY AND TIIE BEAST Messrs. Fred. Vokes, Brittain
Wright, Harry Boleno, &C.; Misses Yokes, Harriet Coveney,
Bate Santley,