IMPORTS FROM CANADA

Hokitika Guardian, 18 December 1931, Page 8

IMPORTS FROM CANADA

DECREASE IN VOLUME. ADVERSE 'EXCHANGE MAINLY RESPONSIBLE. AUCKLAND, December 16. Importations from Canada and the United State to New Zealand have fallen away so steeply during the past few months that the Oceanic and Oriental Navigation Company has been compelled to cancel, the sailing of one of its vessels which was scheduled to leave the Pacific Coast for the Dominion at the end of this month. Advice to this effect was received by the local agents for the line, Messrs Henderson and iMncfariane, this morning. The adverse rate of exchange affecting the amount of cargo offering at American ports is stated by the local agents to be primarily responsible for the cancellation of the sailing, which has been made most reluctantly. The steamer concerned is the Gold Cloud, which was scheduled to said from Los Angeles on December 31 for Auckland, Wellington, Lyttelton and Dunedin. For the past ten years a fleet of steamers, of which the Golden Cloud is a unit, has been trading regularly to New Zealand from the Pacific Coast, and there has been at*‘least one arrival every month. The next.O. and 0. Line cargo steamer to sail for New Zealand will be the Golden West, which is scheduled to begin loading at Vancouver on January 14 and to sail finally from Los Angeles on February 1 for Auckland, Wellington and Dunedin'. ►She is due to arrive at this port on March 1. While the Canada-Austrnlia trade has been swelling, importations to New Zealand have been dwindling and the steamer Canadian Scottish is coming from Buenos Aires to the Dominion in ballast’ to load here early in the New Year for New York, Boston and Montreal. She will be the first Canadian national unit to come to this country binpty.