The Chronicle, PUBLISHED DAILY LEVIN: SATURDAY, MAY 22, 1915. NEW ZEALAND'S FINANCES.

Horowhenua Chronicle, 22 May 1915, Page 2

The Chronicle, PUBLISHED DAILY LEVIN: SATURDAY, MAY 22, 1915. NEW ZEALAND'S FINANCES.

Oiu- notable result ol' tlic liar now Dcmg \', aged - -ijiiite apart Iroin its justice the strengthening effect it is .■\erciMng upon our financial position. 1 in.ugli Now Zealand's war expendi'Ui'i' :iii !u'!iali' uj' tin , empire will run i'j iiiur iiiillion poiuicls sterling for ii'll-15. the coniputi.saEiiig current of . xtra trade with England, -and the 'liiiiiiiiuioii in our imports, d-o more ". liaii lialaiifi- tlio extra expenditures. i i.s a K'Milt of tin- wai , conditions :-'i:;t i!i" lulimio of our imports has an;! willy nilly ])laced New /'■aland !<>r the (ir.st time ni her con■iluliiuial lii«tor,v--iii the position of i.viu-- her way in reyanl tn bon'Oivetl idiiey liabilities as well as for exigen- ■-,!■> <ii .adiniiiisti'ation and private in-di-bu'diii-.ss. The oxjiorts from New Zealand tinriu.tr the period ended 31st .March. 1015. were greatly in excess of ihe iiguiv.N for nny previous twelve months : the difference. amounts to ■Millions. The actual exports, to 31st March. 1015. wore £'27.-105,803, and the i robalidity is that a .surplus of nearly < ,zht million pounds slerliny; will bo .•.edited (.. New Zealand when the I'ankiiio; account comes to be made vnp a ■ between ingoings and outgoings. In normal times, a surplus o( eight millions v m!(1 lie doiihi'e tlio amount of money !e<|iiin<d to l)alanci< interest oiitgoinge Con paper) over and alt'ove the equal balance line between imp'orts and exports.