TEADE WITH GERMANY

Evening Post, Volume CIX, Issue 40, 17 February 1930, Page 12

TEADE WITH GERMANY

BALANCE FAVOURS DOMINION

Mr. W. Penseler, German Consul for New Zealand and Samoa, reports that New Zealand imports from Germany for the year 1929 amounted in value to £942,798, while the exports are put down at £1,220,899, according to the Government Statistician. But Mr. Eenseler points out that in reality Germany purchased more than £3,000,000 worth of New Zealand produce. Of the wool bought in New Zealand on German account during the previous . season, the greater part was shipped from New Zealand ports on bills of lading made out to "London option Continent," and at least 66,135 bales, of the value of £1,411,500, were transhipped to Germany immediately on arrival at London. These shipments are credited in the New Zealand statistics, not as exports to Germany, but as exports to Gr,eat Britain, and by these shipments alone the value of New Zealand exports to Germany is increased to £2,632,399. > ' '

In addition, Germany buys' every year considerable quantities in the aggregate of New Zealand wool, hides, skins, casinga, meat,, butter, casein, ap_ples, honey, flax, gum, etc., in the London market. The value of such purchases may vary between about £500,000 arid £1,000,000 per annum, therefore bringing the total purchases byj Germany of New Zealand produce during the year 1929 up to well over £3,000,000. "It will thus be seen, •that, next to Great Britain, Germany is New Zealand's most valuable customer," remarks the Consul.