NEW ZEALAND TRADE WITH ENGLAND.

Ashburton Guardian, Volume V, Issue 1578, 7 June 1887, Page 2

NEW ZEALAND TRADE WITH ENGLAND.

The " Daily News" (London) published an article under the heading " A Commercial Oantrasfc," the aim of which was to show that Australasia was decreasing m importance as a market for English merchandise, while India was rapidly improving In this respeor. India, says the writer of this prt.'cle, is' comparatively prosperous notwithstanding troubled finances, while Australia is comparatively depreaied despite the excellence ■of its financial standing. During the first two months of the present year there was a reduction In British ezportß from Australia, from the came period last year, of 20 per cent m cotton piece goods* 17£ per cent m linen goods, 5 to 10 per cent m Bilk goode,' 35 pop cent In woollen and worsted goods, 40 per ctnt m hardware and cutlery, 3o to 50 per cent m iron good*, and 15 to 30 par ceut lv clothes aud haberdashery— a circumstance which is regarded as a special sign of depression either among the laboring classes or the . storekeepers. The articles qaotaa from a speech made by the Premier of New Zialaad m January, m which lie declared hat the orjly way by whloh a colony oan get on is, as with individual?, by work, economy, and thrift, and then the writer goes on to remark: "New Zealand has been held up again and a?aln as an example of what ought to be avoided by progressive oolonios whose opportunities for borrowing cheaply may be too much for their discretion. It is thought that Now Zealand has borrowed too much capital, and that its Government Has been speculating In public works a good deal ahead of its ability to get profit for the colony out of the speculation. The colonies generally are, to some extent under the same suspicion aa that which has hung over New Zealand." The writer of iha arliole does not throw out any suggestions as to how the colonies shonld remedy thia state of thlngß ; but he admits that they recogaise its existence, and are praotising economy m consequence.