NEW ZEALAND'S RESOURCES.

Shannon News, 1 November 1921, Page 4

NEW ZEALAND'S RESOURCES.

BEARING OF OVEH- ' IMPORTING. Dealing with the question oi overimporting in his annual report- presented to the British Government, last week, the Trade Commissioned Mr R. W. Dalton, states:— ■ 1 “I think it is wonderful that New Zealand has hoen able to bear the strain and that, generally speaking, traders here, and particularly the old 1 - established traders, have accepted the situation and have stood by their commitments. Wlple there have been some cancellations which were hardly justified, and some refusals to - take up goods which were shipped or even actually landed, the general body of old-established importers have honourably fulfilled their engagements. ‘‘New Zealand, with a population of a little over a million, has accepted goods to the value of over ■ £85,000,000 in 17 months, while her exports amounted to only £50,000,000 in the same period, and many of these exports were paid for long before the period in which they were shipped. I think this is sufficient proof of the preparedness of New Zealand merchants to stand up to their contracts, and I question if there is any other country in the world which can show such a record.”