The Sun.
London, England, 1845-10-21 00:00:00

PROGREbS OF OUR EXPORTS.

It is g,nernlly known that the der tired value repre•
sents the actual value at the time of shipment, and that
the official vibe i. the quantity of goods of each kind
estimated at uniform prices which were affixed to them
in 1694; while, therefore, the declared value is an in-
dication. of cost, the official value is an indication of
quantity, and the two compared together at any period
shows the changes which take place in the price of
goods. Previous to 1844, the year to which tlkt largest
amount of goods, according to the declared value, was
exported, was 1.836. In that year oar exports amp et?.
to 53,368,5721., according to the declared or reel value,
at.cl to 85,299,8371., according to the ofileial value; show-
ing, therefore, that the price of goods had fallen from
the official standard of value by 36 per cent. In 1844
(last year). the real value of our exports exc,,eded any
former year, and amounted to 58,584,292/, of which the
official value was 131,564,5031.; showing that, now the
price of goods has fallen below the official standard by
no less than 55 per cent.; or in other words, showing"
that while the quantity of goods exported has increased
since 1836 by 54 per cent., their ealue has increased
barely 10 per cent. This is/a striking evidence of the
low price of goods at the present time, as compared
with 1836, and of te great improveu.ent and economy
introduced into their manufacture during that period.
by the improvements of machinery and otherwise. And
there can be no doubt that it is chiefly to these improve-
ments and the lower price of our goods, that we are
able to command such an increasing demand in the
markets of the world. The a hole value of exports to
all our own possessions, including those in Europe, is
not one-third of the whole, and our exports to foreign
neutral markets are consequently more than two-thirds.
This shows how fallacious is the general opinion that
ascribes to our colonies the great bulk of our export
trade.. The amount exported to the British possessions,
in 1836, was 13,721,379/, out of a total of 53,368,5724
' Las, year the former had increased to 16.304,060/. ; but
more than the whole differnce arises in the trade to the
East Indies and Gibraltar, the latter being almost ex-
clmiveiy for Spanish consumption. Our exports to
India during that period have increased from 4,285,829/.
in 1836 to 7,695.6661. last year, and, therefore, alone
shows larger increase than the whole aggregate colonial
exports; so that, leaving India and Gibraltar out, the
remainder show a considerable diminution. With so
satisfactory a progress under the recent system of low
duties, it is, indeed, much to be regretted that any
cause has arisen to induce the Indian Government to
increase the rates of duty. It is true the prices of
goods are now so very low, that it is hoped that stop
will cause no sensible diminution of that valuable trade ;
at the same time we much fear it will materially check
the progress which might otherwise be expected. The
following statement shows the comparative progress of
our trade to the various geographical divisions, thus:-
1836. 1844.
£ £
Northern Europe

Southern Europe
. _

Africa .

1,468,062 ...

1,615.530

Asia

A,750,842

11,273.721

United States _ 12,425,695 ... 7,938,079

British North American Colonies
and West Indies 6,518,744 ... 5,522,338
Foreign West Indies

Central and South America, in-
cluding Brazil 5,955,468 ... 5,439,502
This comparison shows a very large decrease to the
whole of the western world, including our own colonies,
while the largest increase is to Europe, and the next to
the eastern markets. It is not a little curious and in-
structive to find that, in spite of hostile tariff-, made
more and more stringent, on the continent of Europe,
the greater liberality exercised towards the produce of
those countries here, has had the effect in so striking a
way of increasing our exports. It will further he ob-
served, that the greatest increase of our cxports has
taken place to Russia, Prussia, Germany, Belgium, and
France, which are just the countries that have imposed
the highest duties in order to exclude our goods.—
EconOtnist.

OXFORD UNIVERSITY.

The fol!owing 'notice has been i,sned

The Junior Proctor will receive the names of under-
graduates li•ho intend to offer themselves for the respon-
sions in Michaelmas Term, on Saturday, :.he 18th inst.
from quarter before twelve till quarter before one
o'clock ; Monday, the 20th, from quarter before
twelve till quarter before one -o'clock ; Tuesday,
the 21st, from half-past twelve till half-past two
o'clock. It ia necessary that each candidate should
bring his matriculation paper, and the certificate of'
having eat in the schools, or copies of them attested by
the registrar. These papers must either be presented
by the candidate in person, or transmitted through his
tutor. N.B —Those candidates who racy need a dis-
pensation from the Vice-Chancellor and Precters. in
order to have their names inserted in the list, are re-
quired to attend at the Vice-Chancellor's house en
Tuesday, the 21st instant, et eleven o'clock, and to
bring with them, from the head or tutor of their college
or ball, a statement is writing of the grounds on which
the dispensation is sought for.—Mertun College, Oct. 14,
1845.