AN ENVIABLE RECORD

Sun (Auckland), Volume 1, Issue 74, 18 June 1927, Page 14

AN ENVIABLE RECORD

WAITEMATA DAIRY COY. INCREASED OUTPUT For the month of May the Waitemata Co-operative Dairy Company Limited manufactured 18& tons of butter as against nine tons for May, 1926. The total output to date constitutes a company record, being 377£ tons, against 321 J tons for last season, an increase of 17J per cent. The report from the company’s herdtesting officer states that the season Just closed has proved the best since the inauguration of the Waitemata Herd-testing Association, and proves that, given a favourable season, the cows on this class of land can produce well above the average butter-fat for the Dominion, which is approximately 1801 b. per head. The average butterfat yield of the hei’ds tested for the past season was 3891 b. of butter-fat, while the highest individual cow had an average of 546.941 b. of butter-fat. TRADE TENDENCIES N.Z. AND THE WORLD SOME INTERESTING FACTS ( From, Our Resident Correspondent.) WELLINGTON, Thursday. Investigation of figures contained in the trade reports of the Government Statistician bring to light some interesting though necessarily broad trade tendencies, not only as affecting New Zealand, but in all parts of the world. The general trend is for trade to pass from Atlantic countries to the Pacific, but, as.is pointed out by the Department of Industries and Commerce. specific figures on what is taking place are difficult to locate. Comparisons over a number of years show that, so far as New Zealand is concerned, the total trade with Great Britain in 1909-13 was 70.76 per cent, of the total, and now it has fallen to 65.87 per cent., a drop of 4.89 per cent, over the period. Our trade with the Pacific countries was, over the years 1909-13, 22.63 of our total, and now it has risen to 26.26 per cent., an increase of 3.58 per cent. Over the same period our imports from the Pacific increased from 29.09 per cent, to 38.69 per cent., a rise of 9.6 per cent. There are many factors to be considered in the light of these figures, particularly in respect to our trade in and around the Pacific. The dealings between Australia and New Zealand oscillate so vastly with the changing seasons and the consequent vagaries of the harvest, that accurate calculation of a general tendency is somewhat upset. For instance, our exports to Australia in 1909-13 were 11.30 of the total imports, and now they have fallen to 4.53, a drop of 6.77 per cent. In some years, however, a different; story altogether is told. The natural development and comparatively more rapid advancement of Pacific countries in relation to the older lands on the Atlantic side, must necessarily tend to attract more trade to this side of the world, while the rise in shipping freights above pre-war level would cause New Zealand and neighbouring countries to deal with the closest available market. In a wider sense this distribution of trade in- the Pacific is emphasised by a memoranda which was prepared by the League of Nations for the Economic Conference at present being held, copies of which are in the hands of the New Zealand Government. AH countries for which data Is shown, with the single exception of Netherlands, bought a smaller proportion of their imported goods from Europe in 1925 than in 1924. This is given in the report as an idea of the falling off in European trade and the relatively greater development of that: of North America. Asia and Oceania. Similarly all countries shown—with the same exception—bought less from Europe in 1925 than in 1913. “World trade of 1925.” the memoranda states, “probably exceeded that of 1913 by about 5 per sent., but European trade was still somewhat over 10 per cent, below pre-war level. The 1 centre of gravity is changing to the Pacific.” In illustration of the assertion already made, it is further pointed out that the United States and India now buy less from Europe and more from Asia: China and Japan buy less from Europe and more from North A merica: Australia less from Europe and more from North America and Japan. Reciprocally India sends a greater proportion of her goods to North America and Asia; China to North America; Japanese exports to Etirnpe ’\oe dropped from 23.3 per cent, to on!v 6.6 per cent, of her total exports, while these destined for North America have risen from 30 per cent, to 44.5 per cent. Australian imports from Europe have dropped from 71 per cent, to 54 per cent, of her total imports; those to the Argentine from 80 per cent, to 64 per cent. “Trade.” the memoranda adds definitely. “is passing from the Atlantic to the Pacific.”