Have a look at the text “ foreign trade of the u.K. ” and…

Re-arrange these sections of the text into a logical order.

What does “the invisible trade” mean?

FOREIGN TRADE OF THE U.K.

But still foreign trade is vital to Britain’s livelihood. With a large population, small land area and few natural resources the country must depend on foreign trade to supply the raw materials for English factories and to provide a market for the sale of the thousands of types of manufactured goods produced by English industries.

The earnings from invisible trade come in the way of shipping charges, interest payments from foreign investments, interest payments from British enterprises abroad and tourist expenditure. The earnings from foreign tourist trade make this one of Britain’s important industries.

In the 19^th century Britain dominated international trade, accounting for about one-third of world’s exports. Early in the 20^th century its position changed. The volume of world’s exports increased but the percentage of British exports in world trade declined significantly.

The United Kingdom’s principal exports are vehicles, machinery, manufactured goods and textiles. Its main imports are foodstuffs and most of the raw materials for industry. Britain imports half the food it needs.

There is usually an unfavourable balance of trade, that is, imports exceed exports, but this is compensated for in part by the so-called invisible trade.

Lesson 6. Exercises Check your Grammar!

1. Insert the necessary form of the verbs in Passive Voice, translate into Russian:

1. For every person employed in agriculture eleven people (to employ) in mining, manufacturing and building.

2. Most of the forests (to cut down).

3. The greater part of land (to use) for cattle and sheep breeding, and pig raising.

4. Great progress (to make) in the development of new industries, such as the aircraft, automobile, electronic industries and others.

5. A great deal of attention in American industry (to devote) to research.

6. Glasgow is a major port on the River Clyde where shipbuilding industry (to develope).

2. Translate the sentences with the construction it is/was … that/who …:

1. It was the EEC established in 1957 that accounted for two-thirds of the world trade.

2. It is at the age of 65 that people in many European countries can retire.

3. It is the hired manager who should control the work of a company every day.

4. It was the new system of management that gave the best results.

5. It is the accountant who prepares the balance sheet.

6. It was our director who spoke about the losses of the company.

3. Translate the sentences paying attention to the various functions of the Infinitives:

1. To control an economy is the same as to intervene in it.

2. To stay in the tobacco market is not an easy task for Russian manufacturers.

3. To repay loans in time is important.

4. It is unprofitable for British industry to produce semi-finished goods or cheap articles.

5. It is important for every manager to know labour efficiency in his enterprise.

6. It is possible to increase demand for a good by advertising.

7. There is a tendency to build factories far removed from the home plant.

8. Measures to be taken by the government will not be popular.

9. The dividends to be paid out this year will not be high.

10. This is the problem to discuss.

11. They set the target to achieve.

12. The government had to introduce this law to curb unemployment.

13. They had to increase the price by 1 per cent to maintain the profit.

14. To economize on the electricity they have to reduce the working hours.

15. In order to consume, we need income.

16. In order to earn income, we have to work.

17. The economic growth is too slow now to expect a rapid increase in demand and supply.

18. To create jobs for young people the government allocated additional means.

19. The wage in this enterprise is too low to attract qualified workers.

20. We have to reduce the rates not to lose customers.