AUSTRALIA TRADE
BIG EXPORT SURPLUS. DEVELOPMENTS IN DAIRYING. v . ' SYDNEY, July 7. The Acting Commonwealth StatistiMr Giblin, expects a favourable commodity balance for the 12 month,s of £32,000,000. After the service of the Australian loans, there will he a surplus of about £8,C00,009. Operations in overseas trade of Australia during th© 11 months ended. May 31, gave an excess of exports ovir imports amounting to £37,089,000.
At the annual conference of , dairy factory attention was directed to the enormdus development of the dairying industry in. Australia in recent years. Whereas shipments to the United Kingdom in . 1928-29 amount d to 127,000 tons,, tlie exports to June, 1932, werii 176,000 tons, valued at Australian ports at £21.116,070. In the same period the New South Wales production rose, from ’ 43,330 to 56,300 tons,, realising £7,243,000 .
Mr J. R. King emphasised the need for ,an Australian pat-butter ( factory in London, where they could sell butter in prints', retaining its identitv, and avoiding its being blended with inferior grades of . foreign and Continental.
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Hokitika Guardian, 8 July 1932, Page 3
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169AUSTRALIA TRADE Hokitika Guardian, 8 July 1932, Page 3
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