NEW ZEALAND TRADE.

Hokitika Guardian, 17 April 1923, Page 4

NEW ZEALAND TRADE.

•OUTLOOK VERY BRIGHT." WELLINGTON, April 11. .Dealing with general trading condi ions, the annual report of the eon lie i if the Wellington Chamber of Com tierce states; — "The year 11)22 opened with Net Zealand still under the spell of a get: •ml depression, due to excessive in Hirtaurms and low prices for export; nit gradually during the year th insition improved, and it can safely b oreeasted now tliat this year wi -ring New Z,-aland out of this pet'io ,| ,It-pi vssioii. The outloek is ver u-ight for a return of that prosperit ivhielt was .so rudely shaken in 1920. “For the lirst time for it eoiisiderabl ueriod a favourable position was recon ■d in the overseas trade, and the j>r< poinleranee of imports gave way to favou!able balance of trade in lavoi of expoiis. For the year 1922 the e: ports exceeded imports by 87.,20.i0: and even after allowing, say, thyOOO.OI for interest abroad and alloting for any under-valuation ol import due to the assessment of freight on in per cent basis, there should sli remain a substantial credit on ot overs trade. ••.MUST SATISFACTORY NKWS.” “The most .satisfactory news lor No Zealand was the return to jia.vab it- -s for it- primary ]irotluets. Wo ~ particular, of the classes that Ne Z aland jirodtiee.-, showed a very hen thv recovery : medium to good ,-r,,sshrt greasy wool, which averaged in Deem her. 1922. ivtunu-d r.n average af-,-ul 1< per pound. The increase value v. ill be reflected in the buyii power ~f the farming eonniiiiiitiy, ai .'hotilil give it considerable imjielus trade in every direvlioii. Tins mcrea in prices should mean an mldilioiial r turn in New Zealand tin wool alone over tM.BOO.tIOt).

“The dairying industry, v. liirli ha I j stood New Zealand in such good stem i when other prices had collapsed, ids ! shared in the advaiiceiiiciii of price. Tin- dairying industry has inereased h lremeiidotis strides in New Zcalam ! and in 1922 the products of dairyin ex, ceded one-third of our total c> ports, being made up ol : —Buttei 29.0! 1,551 : cheese, 2T,()5ii,85(1: drie I and preserved milk. 202(t,(>50 : or m a! 21 1.255.051. out of a total value , Tl-:- posit ion ~i ot her primary pr, duels is, a!-,, reviewed, gen,-rally in oj j timistie vein; and it is pointed ot J tluii “at t!ie time of writing (ear i .M-‘i• h) tin* aierage value ol North I j hind erosslireds i in,Tuning pn-ees ai "] lurks') tlil'o,mil the Wellington sales i approximately Bid. or an increase , j :t'.d since Wav ol the previous yea e | *. . . j Tile lliri e i-.e is (piite -al islaelory. al wnel-gi oh ing I- unco more a payah I pr, ]-.•,-!■ ion, and lie- whi.le I Ininiuioi- | ti.-M" ami iiiuniee i- feelin-.- lie- eli'eei . I of i In- 1 1 i; d• t- prices and impiov-.-cl pro 1