The Guardian And Evening Star, with which is incorporated the West Coast Times THURSDAY, NOVEMBER 24, 1932. TRADE RETURNS.

Hokitika Guardian, 24 November 1932, Page 4

The Guardian And Evening Star, with which is incorporated the West Coast Times THURSDAY, NOVEMBER 24, 1932. TRADE RETURNS.

The trade returns to hand for the month of October show that an excess of imports of £126,781 in October, 1931, has been changed into an excess of exports amounting to £653,616 this year, nncl the sumo favourable movement is to be seen in the comparative figures f°r the first ten months or uio two years, The excess of exports, from January to October inclusive, was this year fully 50 per cent, above that for the corresponding period of 1931 and th& totals for the fit fit seven mionths of the financial years show an evep more marked advance, for the surplus of exports ■this year, £6,524,281, was nearly double that recorded a year earlier. If tire production year, beginning on Jully 1, is made the basis of comparison it will be seen that the Dominion has changed an adverse balance of £825,357 in the first four months of 1931-32 into a favourable balance of £1,161,901 this year. A study of the figures for the past three years affords convincing evidence l of the splendid effort that has been made to secure a favourable balance of trade. To this end production has been well main-' tamed while purchases abroad have been drastically reduced. In October, 1930. there was an excess of imports totalling £1,240,018 and in two years this has been changed ‘into an excess of exports of £553,646. In the first ten months the balance in our favour has been built up from £2.536,519 in 1930 to £12,174,599 this year, while for the first seven months of • tip financial year an excess of imports totalling £2,810.981 in 1930 has given place to an excess of exports at £6,524,281. It is a matter for gratification that the figures are as satisfactory as they are, proving that the very emphatic effort of the country to endeavour to live within its reduced income has proved successful and that jn spite of the greatly reduced revenue „be country has been able to- carrv out its self imposed, if necessary, task in a manner that must meet with the genera] approval of the outside financial circles.