NEW ZEALAND’S TRADE

Hokitika Guardian, 24 June 1926, Page 1

NEW ZEALAND’S TRADE

AN IRISH. COMPARISON. LONDON, May S. The “Irish Independent” expreses the view that the progress of New Xealntid's foreign trade lias many features of in tercet to Ireland. “This distant Dominion, though far larger lhaii Ireland, lias not a third of our pupulaiion,” it says. “Since Kil l the value of her exports have more than doubled, while her imports have shown an over greater increase. Since the war, the improvement in New Zealand’s external trade has been steadily maintained, ill us. there has all the time been secured a favourable balance of several millions. “To us tlio chief interest lies in the development of her trade with Great Britain, mope especially in butter. Knur-filths of Now Zealand’s exports last year were taken by Great Britain : in other words, her export trade with Great Britain alone exceeded the total export trade of the Saorstat during the same year. New Zealand supplied (4rent Britain with 20 per cent, of the butter she required, while the Saorstat, with its great geographical advantages, did not sell one pound of butter For every three sold by iho New Zealanders. Not the least notable fact is that while New Zealand’s total exports of butter last year were less than those for 1924, her trade with Great Britain in that commodity increased by over 20 per cent. The manufacture of casein has now grown to he a considerable industry in the Dominion, while the Saorstat has in the last year lost the one casein factory it possessed.”