COMMERCIAL ITEMS

Dominion, Volume 6, Issue 1637, 2 January 1913, Page 8

COMMERCIAL ITEMS

'■.<'' NEW ZEALAND FItOZSN MEAT. '.''., ; The shipments, or father to be more -collect the deliveries, of New. Zealand frozen meat .into the' United Kingdom during- the.twelve months ended ''.October 31 last,, compared with the' figure's for the corresponding '.'period of the previous year, are furnished.,by Itcssre..Gilbert'Anderson. and-Co.'in-their-annual; review:—' < ■!■".... ,:•".-' '•■.•' -Mutton.;,.. : : "■'.".'■■"■:■ ■'.:."'<.■'■' .','■;■':>;•■" ■' : 1911-12. i 1910-11. ":■■' ,".':■: Carcasses;' Carcasses. . .November :.'....: 48,500.-.— ,65,000-.":■-■.December;'■■ .;..... 64,0001 , 73.5C0 . : : " January ' .;.... Z41.C00 /. : 176.C00 , . - February. ......... 209,000' 244,000, ■ :' : March' ;. 325.CC0 ;' 266.C00 A':--.April. .;. ;..... 212,000 : .'-190,000'' ■'■-■ 'May-- ■'. ■...„...;„. 454.CC0 . . 205,000 ,;' - - Juno! . ....„„.'.;. 170,000 ;'. 215.0C0 .July •:....;..;... 293,000 .'.209,000. , ...August ;•..;-..'.„;...' 185,000 '■'- 69,000 ' .. September ..;.... 45,000 ■ 102.C00 )' i vOctober' .......... . 43.C00 ;" 9,000 .' \ : \ ! ''-'■'.' : ';■ 2(294,500 ■;'■ 1,823,500 ,' \ .'.-■■'< ii'.' .- Lamb. ■/ ■■■'-'-.. .-''. . .1911-12. 1910-11; • l ''■'.■'■' /,: , : -.*• '■■< Carcasses. Carcasses. . .■,:.'. November.' ••....... 9,000 30,000 . •■'December.' ,;..;.'. 106,000 r, ,164,000'. • ,'•' January;,.. ;....:...'■ 301,000 '286,000. ■' ■■'.■■'- February "...;...';. 274,000 ~ .450,000 -'. .'•'..'. -March ';.......„... •S17;000 ,662,CC0 ■'■; April . .'...... i.;.;...' 354,000 :. 550,000 :'May. ..........;.;.'..;.'. 738,000 . .376,000. ■■' ' Jaiuo .... i.i..,' 291,000 ; :' 446.CC0 '■■' ■ ...'■:■ /July .......•..:.....' .373,000 /'. ' 279,000- '■-:'". ,:':.'August ........... '139,000 .' 112.C00 ;'•; .'September.' ;;....' 40,000 ':'•■'■■" 40.CC0 ■■■'' .',■■ October ;'*;....-..;.'.....'' 17,000 '■;'' '• 2,000 I.'-''.'"■'■'!■,■''/':■■::.:) 3,159.000 '; 3,397,000.. _'."'.."'';-.' /•■/'■'::.':' '.' 'Beef.. .:'/'.■/ .-"' ■[': ■ '.' I ''.,' "■ '} ,"- :; ;.'-■" •':.'■.''■'•: ."■: 1911-12.' ... 1910-il. ■•■' ■■'.' '■■'; '■•'"■•■' .'Quarters. Quarters. ;:/'November ;....... '.■';■ 5,600 •'.':,.'. December .„.,'. ':' SCO*.■'■!"" 12.2C0' - ■ ;■;.< 'January- ~.,„..;,• 12,400 '' 13.8C0 - February,.......;... 12,000 24,800 . . ; '■, ':;March . ■ .....;...;.. 20,800', 27,200'-' ' April -;.....;.....;.. ,' ,7,200 '•.'19,600 ■?'■■ ■■". May. ;.. '33,600. . 19,600 ' June ; .......i......i. 25,200 — 16,000 '.:, July;. ."..;' ..;„., 26,800 .'16,400 . 7.. .•;:. August'- -...........'. '■;:■ 9,600 ;■'-,. : '■ '■'■ 3,600 . r ..; September - .'1,200' '8,000 :,;. October ,'........;.....• 4,000'. ■"''•..—'''.■";' r' i! /.'; ■ ;.;v'i..'i'': •:■;!-.'.. 153,600 f.; -166,800-. -

; • ; '''ifAkINa'THE'BOEEOWING PACE There are many, people in London who think that Canada has been borrowing too freely: and too rapidly, and: have voiced their opinions.;- . • ..- >;

.'The discussion, caused by 'a British warning regarding. Canada's,extensive borrowing is having the;good effect of showing : up the exceptionally strong position of the ■■= Dominion," / says the Toronto Globe. ■'"The'fact that Canadians have borrowed'.• 860,000,000 -dollars .(£172,000,000) 'in Britain during seven years does not cause any' uneasiness .to those 1 who the vast strides of the.Dominion in actual wealth production..'- We do: not; borrow money, but - goods,'and- this is Rhown by our;. own 'ability to.import 206,0f0,000 dollars 1 morothan, wo exported during '1911. ■' : . The weak point i'ih the .circulated warning ' is the unconscious.assumption,that the Domunion, will be called upon to pay for these excesses iof imports in addition to the interest on.borrowings,. This is a mistake, for- tho borrowing and the importing aro the item. Many of our imports create no debt, butf increase the capacity for payment. ; Our imports of settlers' effects for April last were over a million end o, half, and for -May close on three million's. For the lajt full fiscal year.which ended with, Maroh, 1912, tho imports-of settlers' effects were 15,145,000 ' dollars,. of, which 10,138,000 ftlte f rom the United States- and 4,712.000 dollars -.from .Britain... For' the previous' year tho aggregate " wee 14.072,003 dollars,.and for the yeaT ended with March, 1910, 10,273,000. dollars.: The record for the preceding year, was 7,721,000 dollars.- Provious.records varied,from nine millions in JSOfi to six and thrco-ciuarter mdllfons ;in' 1904.'.''.Hero, are' imports, which create no debt, but' increase; capacity for payment."

.;'. : ;v BELGIAN 1 CEMENT.; {.. Next to. Gi«at Britain and Germany, Bel-: glum sends ns large-quantities of cement. Last, year our imports of- Bolfrian cement amounted to 7244 tons, compared with 36,400 tons from Great Britain, and , 38,750 tons from Germany. Belgian cement;ls-increas-ing its hold in the world's mortals, The' quantity Belgium exported in the first nine months of last year .made 719,744 tons, compared with 601,425 tons in tho corresponding period of 1911, and 627,382 tons in 1910, first nine -months.:.,.Of the 1912 quantity Germany was a buyer to the extent of 76.577 tons, aeainst- 62,871 tons In tho preceding ?£?£. Holland comes'-:first in ordorwith 137,354 tons and 122,470 tons respectively. She is easily Belgium's best customer for. ,S?r m ? lt; . took 20,242 tons and '7150 tons,,and Eng1and.66,993 tons and 45,362 tons. It is -observed, too, that tho export of Belgian cement to transoceanic countries has undergone a very ratisfactory development this year; But Belgium was not able to improve her position much on the Argentine market, where sho had to meet strong competition from Germany. • '■ • *

; BANK OLEAHANOEB„ >' By Tolaerapb-Freii ABsociatfcn-OoDrrHtht .'. _; -' " - Sydney, December 31. The Sydney bank clearances for tho past, year total £330,621,000,.. an increaso ■of £26,133,000 on the previous' year. The Melbourne bank clearances total £303,463,000, an increase of £13,349,000 on the previous year. -The New South Wales revenue for tho' half-year ended December 31 is £7,267,173, an increase of £208,156 over tho lost corresponding period, ,