Thanks to the tariff of the United States the balance of trade with North America is heavily against New Zealand.
The balance of trade is always against India, because she is a debtor country, and has to pay interest on borrowed capital, and the " home charges " for the upkeep of the civil and military services and of the secretary of state's establishment in London.
In the Swedish House of Nobles his contributions to political discussion had great influence, and he dealt with such subjects as the currency, the decimal system, the balance of trade and the liquor laws (where he was the pioneer of the Gothenburg system) with marked ability.