BALANCE OF TRADE.

Otago Daily Times, Issue 19475, 9 May 1925, Page 15

BALANCE OF TRADE.

NOT SO GOOD AS LAST YEAR.

The most convenient quarter at which to strike a balance of New Zealand trade is that ending on March 31 (says the Evening Post), because up to then the greater part of the dominion’s primary products has been shipped and largely realised. The local wool sales are generally ended by March 51 and five month's of the meat export period have elapsed. Dairy produce, too, has been heavily shipped by the end of March, although exports continue to May. , The trade balance at March 31, on the latest figures available, as compared -with that of last year, was as follows: March 31. 1925. 1924. Exports ~£54,771,158 £51,652,605 Imports 49,821,095 44,401,756 Excess exports ...£4,956,063 £7,250,850 Imports' will be over £5,420,000 more in value this year than last, but consolation is to be found in the fact that value of exports this year exceeds those of 1924 by £5,400,000. During this year the export figure? had a substantial lift from the high return from wool. The price of wool now tends sharply downwards.