Favourable Trade Balance
WELLINGTON, Jan, 30., A favourable trade balance of- £23, j J 65^,0 OO^tbr the first ten months of 1948, ; was '"sliiDWh Tn'Tigures'Telatitiig t'd*''NeW ] Zealand 's overseas trade, released today | by the Minister of Customs, Mr Nash. The exeess of experts over imppct^ is nearly three times as great as' the 1 excess for the corresponding months of ) 1947Total exports for tlie months from January to October, 1948, amounted to | £131,845,000 compared with £110,238, ■000 for the corresponding period in 1947. . Imports for the lirst ten months of last year were valued at £107,890,000 compared with £102,083,000 for January to October, 1947. The ligures for 1948 are no.t Strictly comparable with those for 1947 -as the restoration of the New Zealand pound to parity with sterling resulted in lower monetary values as from August 20. ,
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Bibliographic details
Chronicle (Levin), 31 January 1949, Page 2
Word Count
137Favourable Trade Balance Chronicle (Levin), 31 January 1949, Page 2
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