ADVERSE BALANCE
IN AUSTRALIAN TRADE
- Australia had. an adverse overseas commodity trade balance of £6,021,000 Australian for the first four months of 1939-40. The Australian financial year ends June 30. Preliminary figures released by the Commonwealth Bureau of Census and Statistics show that this balance was £180,000 worse than at the corresponding date last year. The full trade position is not given because movements of gold are now being kept secret. It is believed, however, that exports of gold and bullion "substantially outweigh imports and would reduce the adverse balance in the final analysis. There was an appreciable increase in the extent of two-way trade during the second month of the war. Compared with September figures, the value of commodity exports in October was £1,950,000 higher at £9,938,000, while imports cost £9,178,000— representing an increase of. £628,000. .In October last year exports were worth £11,573,000 and imports £10,273,000. "trade in. October reduced the adverse progress balance for the year by £760,000. The total volume of trade for the four months shows exports of merchandise-were valued at £34,341,000 ahd imports at £40,362,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19391115.2.105.2
Bibliographic details
Evening Post, Volume CXXVIII, Issue 118, 15 November 1939, Page 12
Word Count
181ADVERSE BALANCE Evening Post, Volume CXXVIII, Issue 118, 15 November 1939, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in