BRITISH TRADE.

Press, Volume LXIII, Issue 18896, 11 January 1927, Page 10

BRITISH TRADE.

• BRIGHTER OUTLOOK. REVIVAL PREDICTED. [THE PEESS Special Service.; WELLINGTON, January 10. The opinion was expressed to-day by i Mr Henry Horton, of Auckland, who returned by the Kcmuera, that 1927 would prove a good trade year in the Old Country, but high values for produce were not likely to recur. Mr Horton, who was accompanied by j Mrs Horton, when interviewed, said it was anticipated that a *mall portion of the strike losses would be recovered in 1927, as the factories were expecting to have to work overtime for some montli3 to catch up the arrears of orders. This activity should increase for a time at least the spending power of the nation, and create, it was hoped, a better dc- 1 tnand for Now Zealand produce, but at j the same time New Zealand farmers must realise that with a tendency to lower wages in England, there was little probability of any recurrence of very high valuos. It was most gratifying to observe the high state of New Zealand crodit on the London market. One New Zealand loan was floated at over 3 per eent. per £IOO stock better than a Now South Wales one :i few months ago. The patriotism of New Zealand in supporting British trado was becoming more known in England, and was being widelv appreciated on all sides. The* country homes of Great Britain showed evidences that the country still had vast stores of accumulated wealth. If only a condition of affairs could be brought about to securo co-operation between labour and capital a great future still lay before the Old Country and in the main its people were wonderfully happy and contented. England was one of the greatest tourist countries in. the world.. The splendid roads and the good accommodation that was to be had everywhere, and tho chann of the country lanes and villages, provided joys for the motorists that were unequalled in any othor part of the world. It was his privilege to be in London during the Imperial Conference, and he was. able to attend several functions at which the visitors wero present. Ho found that tho warmest of receptions w£s always given to New Zealand's Prime Minister, Mr Coatcs, and it was refreshing to hear how much the English people appreciated his frank sincerity. It seemed to be Mr Coates's aim to let everyone know that it was Kiipolicy to run New Zealand as a business concern, and to endeavour to find an interest-earning, revenue for the money borrowed in England without haying to go to the general taxpayer. Statements like, these went far to enhance the already high credit that NewZealand enjoyed in London. Not only has' the visit of the Prime Minister been of benefit to tho Empire, but New Zealand might rest assured that he would > bring back from his experience much that would be of use to him in his control of the destiny of New Zealand. Sir Horton Baid he could not conclude his remarks without a word on the subject- of immigration, and, it seemed a pity that New Zealand : could not take all the immigrants that wero offering, because there was a growing feeling that, the admission of migrants was be- , ing i resented in ,tho .Dominions.. The Labour membors in the House of Commons wero commencing to .argue in that •way, Australians and New Zealanders, they said, wero' enjoying very high wages, much better than British people received, but when tho English workers wanted to go out they found only a limited number would be accepted. "Why," they asked, "under these.,cir- 1 cumetanccß, should Great Britain go onj paying huge sums for its Navy,: the; Chief function of which at present is! to protect the,overseas Dominions?' ; It mußt. be obvious, that if any undue restriction of immigration was to-fostor: these ideas, said .Mr Horton, Jtfew Zea-; land stood to lose-a great deal by such: a policy, !< J . • • ; j bankruptcies. DOMINION RETURNS. ' 1 [THE PRESS 8p«cl»l Service.] WELLINGTON, January 10. Ed in. New Zealand in November, 1926,: as -compared' with 40 ,in November of, the previous.'year, an increase, of nearly .60 per cent. Of tl\e 68 insolvencies recorded in November last, 25 were registered! in the Auckland district, and Skin the Wellington district, while in the South Island - there were only: 18 bankruptcies, of, which nine ..were . registered'in the Christchurch district. ; The 'figures' lor each' of 'the eleven months; together .with those for the cpiT&ponding months of the- previous year, are; — 1926. 1925. s " No. No.

. . , Totals , ■.... 648 564 There .was. an.increase of. 84 in the number of bankruptcies, equal to about 15'-per cent.," and the business mortality was heaviest in the second half of last year. Taking the districts, the'figures compare "as : under '.-*-■> 1926.. 1925.

All districts except Dunouin show in. creases, the growth of bankruptcies in Wellington being exceptionally heavy. DUNEDIN FIGURES. [THE FSESS Special Serrtce.] DUNEDIN, January 10. The returns of the Official Assignee in bankruptcy at Dunedin for 1926, ■how that there were, in all, 33 petitions in bankruptcy, 19 of which were \ made as creditors and four as debtors. This is a decrease of four on tho figures for 1925. Orders for immediate discharge were granted in four cases. Assets filed (excluding secured creditors), totalled £5090 8s 3d, and liabilities, (excluding secured creditors) were .£6636 16s Bd. Concerns merchandising products of ««», quality can develop the unparalleled sales opportunities in Canternary most effectively and most economically the ' advertising columna of Ta« Pbbbs. _§

January ••• * ... 30 31 , February ... ... 59 49 , .March ... 67 56 ' April ,' ..." . May ... ' , ... 68 ... 56 • 45 40 June ' ... ' ... 40 63 July ,.; : - 83 73 August ... ... 66 41 September ... 72 53 • Qctdber •..;, ■■ ?.. 61 73 November f ■'■: • ... 68 40

No.' No. Auckland ... 271 273 Wellington ... 218 142 Christcburch ... 107 96 Ihinedin ... 49 53