High Trade Balance For First Five Months
I WELLINGTON, Dec. 1. ,4 Statistics released by thA.Miniateip. oi Customs, Mr. Nash, disclose thftt dur|.ng May 1949, the value of exported Voods amounted to £20,526,000 — the 'nighest monthly v'aiue fyet recorded. y The .vnlue. of imported goods during |hat mpnth . amounted to £10,495,000, deaving. a,.favourable balance in yisible ,.transactjons of £l 0,031,000 for May. The statistics also covered the period -from the beginning of the year to May \3l'y The total value of exports for thdse flvexmonths amounted to £79,€87,000 and impbrts- £43,726,000. '' The resultant favourable trade bal!ance (in visible items) for the period under review— £35,962,000— is gfeatly in exeess of any flgures recorded for ,'any; similar- trading period iiL the his- ' tory_ of t.he country, said Mr, Nash. The •figure. is more thah double-the. favourable" trade balances recorded in' 1947 andi'1948. ' ' " The high level of export values over , the first five.-months of 1949 were, to a la^gC^tent, attributed, said Mr.'Nash, ;to/pri^ba>;paid ovqrseas for exports of •woojr ahd; fro-7-en meat., These two items la'ecountcd for more than half bf the .value- of- all exports over ,the period in question. ' / '
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Chronicle (Levin), 2 December 1949, Page 3
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188High Trade Balance For First Five Months Chronicle (Levin), 2 December 1949, Page 3
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