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Hokitika Guardian, 27 May 1932, Page 4

Exports from the dominion exceeded imports by £3,106,840 last month, and a year ago the excess was only £666,028, so that the country lias commenced the financial year really well. For some time the chief factor in maintainng favourable balance has been the decline in the volume and value of imports, but last month there was a substantial increase in exports, while imports continued to show contraction. The heavier shipments may have been due, to some extent, to the rim of shipping, hut it iis clear that the production of the country Ins been well maintained and the season should sec now records established in soil’." re nects. The same enemiruveing indications are seen when the (i-rures for the first four months of the current year are compared with those for the corresponding period <:f 1931. The excess of exports has grown by o\ cr £3.510,900, and at Ai-rii 30 stood at £8.847.164. This will have the effect of 'strengthening our London balances and thus enable the trading banks to meet reasonable demands for accommodation hm’o. The autumn lias been fa von able P-v t''e maiotenence of nroductiou. especially in the dairy iiidusti'v. and the shipments to be ma.l v befoc’ the end of June ishoiih' make I ho rc't urn-■ for I lu> production -ear p\ee n <’nL, and tliis is! the basis of muon rhoin op wb’b noet | impoitmice is placed bemuse it covers 1 on 111 plot'" • . Tb° n"erc|-|rr need; h'otn the dominion’s point of view, is itahilised prices for our products in iversens markets and the basis mlrocated by Jlr M’Konna • and .other

leaders at Home, 1929 levels, would bo generally acceptabe here. It ia beyond our capacity to influence, much less control, price movements, but production is a matter for ourselves, and the figures show that no small- measure of • surces-i has been achieved in this respect.