NEW ZEALAND MONEY MARKET.

Horowhenua Chronicle, 24 February 1912, Page 2

NEW ZEALAND MONEY MARKET.

The exports of New Zoaland produce are less than the average so far, but no doubt there will be an improvement in the course of the next month or so. The beneficent season for dairymen and agriculturists which New Zealand has experienced continuously since October last mußt more than counterbalance the losses occasioned to fruitgrowers by the prevailing high winds, and also the losses of woolgrowers through the slight drop in the values of our staple product. Commenting upon trade matters and the money market, the New Zealand Trade Review remarks, in its issuo dated 22nd February, that the tone of the money market is still slightly' firmer than it was a few months hack. The lateness of the export season partly contributes to this, as up to the present the volume of our exports is some way behind the previous season, though this may he made up to a certain extent later on. Generally speaking the prices realised for our primary products are very satisfactory. The unrest in labour oircles is decidedly discouraging to investors, and is a big hindrance to the investment of capital in industrial ventures. The Prime Minister has laid before Parliament a return of the revenue and expenditure of the dominion for the past ten months, together with an estimate for the remaining two months of the financial year. The revenue is estimated at £11,023,328 and expenditure at £10,339,854, leaving a balance of £683,474, which with the £86,483 brought forward from the previous vear gives a surplus of £769,957/