English Translation

21 - 18 of their own trade. Besides, the English had made sure by various tricks that Eie Russians were worse off even in a possible attempt to enter into trade relations with England than the English merchants. The further development of the English-Russian trade in the 18th century shows the following figures: English import . English exports Import from Russia to Russia L surplus L 1700-1701 124 220 76 784 47 436 146 219 80 713 65 506 1720-1721 1740-1741 305 034 77 553 227 481 1750-1751 459 410 116 313 343 097 145 125 964 9681) 1770-1771 1 110 093 At first glance, this balance sheet looks exceptionally favourable for Russia, but very unfavourable for England. Only a third of Britain's imports could be compensated by the supply of cloths and luxury goods, the remaining three quarters had to pay England in cash. ) But apart from the fact that England was expanding its fleet with it, Rupland became increasingly economically dependent on England due to this trade. Capital imports from England accounted for one third of Russian capital imports, while export trade to England represented 70 percent. Of the total Russian foreign Sombart has calculated that of the 72 million pounds sterling in foreign lands invested in the first 80 years of the 18th century, 4,5 million pounds went to the Levant and 42,5 million to East India, but 25 million to Callland.2) England made a good deal under these circumstances, and also the Russians came to their 1) Reading, p.295 in their trade with England. 2) Sombart, Der moderne Kapitalismus, Leipzig 1921, vol.2, p.978.