Front 1910 to 1913 the excess of imports amounted to over 1.100.000.000 lire a year. or about $225.000.000. In 1924 the excess of imports amounted to 5.000.000.000 lire or $221.000.000. 11 1925. however. the excess of Imports has shown a substantial increase. The two chief items to offset the adverse trade balance are remittances from Italian emigrants abroad and expenditures of foreign tourists in Italy. It is difficult to estimate exactly wlat these aggregate in any year. Emigrant. remittances are probably i3 the neighborhood of $100.000.000. Foreign tourists expenditures have been estimated at approximately the same figure. Without these two important sources of income Italy would be unable to maintain its present position. While the Italian commission raised no protest regarding our immigration policy. it pointed out that restrictive immigration laws over a period of years would tend to reduce the emigrant renittancees and also bring about a reduction in th exports of Italian products finding a natural market among Italians living abroad. There are. of course. other items which must be taken into account. such as shipping services. net balance of financial transactions. and the like. These were studied and analyzed by the commission.
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immigration emigrants Emigrant emigrant