the nation, comprising profits, wages, rents, and other gains from all sources, is approximately estimated at £1,700,000,000 per annum. This sum, of course, covers all payments, not only for productive services of land, capital and labour in the making and distributing of material wealth, but for professional and personal services as well. Real income in the shape of goods or services to this amount is consumed or saved within the year.
Now the total value of the import and export trade of Great Britain in 1898 (we take this year as the latest normal one for