IMPORTS AND EXPORTS.

Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9465, 7 June 1909, Page 6

IMPORTS AND EXPORTS.

Perhaps the most important of the factors affecting the local money market at the present time (says the New Zealand Trade Beview yesterday} are the imports and exports of the Dominion, and the proportion which in their respective volume, they hear to each other. As our trade statistics are published quarterly, the next statement to appear is that of the 80tb of the current month, which will be looked for with interest. Indications, so far, encourage the hope that the returns will show, like those of the March quarter, a fairly substantial excess of exports over imports. The table* of exports for April and May show that tbe exports of frozen meat, dairy produce, and Wool are considerably in excess of those for the same time in previous years, while the cargo returns show shipments cf wheat, oats, and other grain on a scab) that we have not seen for years. The concurrence of a strong demand and an exceptionally good harvest enables this to be done with profit to the grower and advantage to tbe Dominion. On tbe other hand the indications in evidence are suggestive of a continued decrease in tbe volume of imports in most, if not all, branches of trade, bnt more especially in those connected with articles of luxury. Already there are signs of partial improvement and a more sanguine tone, though we still consider that substantial amelioration is not to be looked for till about the end of tbe current year. If in the meantime advantage could be taken of the present cheapness of money in the London market, and fuller supplies brought in by the Government or others for advance on freehold properties, and for developing the unoccupied lands of the Dominion, the process of recovery would be hastened considerably and placed upon a more permanent basis.