OVERSEAS TRADE.

Press, Volume LXVII, Issue 20173, 27 February 1931, Page 12

OVERSEAS TRADE.

EXPORTS AND IMPORTS.

DECLINE IN VALUES

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/ (fAISf 4SBOCZATIOK TBLBGBAIC.)

' WELLINGTON, February . 26. A. heavy decline. in the .Dominion's overseas trade-is shown in the-Janu-ary returns, issued by the Customs Department. The declared value of exports last uionth was lower than for some years, and showed a fall of £2,637,500, as compared iwith 'January of ilast year,, and of Over £4,709j000 compared with Janu-.

The value .of imports for the month, £3,012,055, waß also lower than \ for years. The-figures for Inst-month,: and fpr January, 1930, compare as follows: Jan., 1931.. Jan., 1930. Decrease. ■ £ £ £

Exports—• 3,740,329 6,377,853 2,637,524 Imports—--3,012,055 4,190;632. 178,577 Excess of Exports—" 728,274 2,187,221 1,458,947 Wool and butter account for most of the decrease' in the value of exports last .month, as the following table Bhows:— - i ■■ . ■ Jan. 1931. Jan. 1930. Decrease. Wool— Bales 79,000 305,000 ' 26,000 Value £629,000 £1,695,000 £1,066,000 Butter—- ' Value £1,§13,000 £2,128,000 £915,000

Taking July Ist as the beginning oi the export year" the figures for seven months ended January 31st show remarkable' declines in both 'export and import values, compared with the corresponding period of 1929-30: —

Imports— ■ - Tp Jan. 31st, To Jan. 31st,' Decrease. 1931. 1930. £ £-i £ f '' 83,470,426 30,451,160 6,980,740 "Export's— ' 18,900,330 24,185,375 5,285,045 ■ Excess' of, importa-^- ' ,4,570,096 6,265,791 1,695,695

Due to a decline of nearly £7,000,000 . in imports, the adverse balance for the ' seven months' period is less by £1,695,695 than for the corresponding period of last, export year. The export values, 'however, are down by £5,285,045, so that unless there iB further heavy decline in imports, it seems likely that the end of the current export year'may 1 show-an. adverse balance, j table compares the exvalues 'for'the seven ' |ra»uary for the last five 1 ,176 ' 168 f I 6,265,791 ' ' 1 seen that the current ■ *«; exports and imports are bethe/previouafour years. « BftlTfelllJ TRADE RETURNS. a : o°p. ■' excess !tb§» Government TrQfy Overseas ~ 4 21,000,^)00 shipping income 105,000,000 fjrqjn. overseas in- ; ' ' ... 235,000,000 i BsSWjWs 1 from ehoyt inter- &t>, " ** <s&'" ,and > , ' -oiitier ■squreea of in- i ' • ... „. 70,000,000? ' *' v V/TqM " ... . ~. 481,000,000 " ' .ISlM'fi" will be lefs a credit balance ■* aa* compared with ' .daCoiwtf in 1928. , OpitNE AND CHOYCE, LTD. t ww ■> * Vif/it - REDUCED. PIVIDEND. " PMM Special Service.] j AUCKLAND, February 26. . - .Ap- interim dividend of Bft pef cent;* Choyce, Lfo.. fop the hilf year ended i tfattuanr Slut, on both issues, of shares , apd, (tebeAture stoefe, - This is a redtfo-* ttofl of oner half- per cent. TRAfViq BEpEiPTS. - Communications. ' 1 r" '' ■ issoouno* TButaaAit l 1 * "WEJjLWGTON, February 2tf, ' * Tbe followipg are the estimated traf- _ A® f«oelpts r o£lmperial and International , Communications,' Limited % January, 1931 .. «412,908\ IjMUwiy, 1930 ~ £.519,485 V^l SYDNEY WOOL SALES. ■ • WK . i MARKET VBRY STRONG. I * " I inwe Msoczmon—s« rlictsio I , , - /ntiVpBAVB-rCOPSaiaBT.) ; (Received February 36th, 9.20 p.m.) ' * , SYDNEY, February 26. : At tjie wool sales, 10,910 bales were* \ of ;Whi«h t 10,764 wero jsold, also Which.-were disposes of privately.' : The market was strong. Greasy mermp made up to 19Jd. | Cit- i'i K5.%< CpMMONWEALTH BANK ' . \ " osjposits: . , - 1 * . ntii 49secut«n—« naaxwu -'' , . ''SYPfJEYt February 26. '' r " x