Dominion’s Trade

Sun (Auckland), Volume II, Issue 613, 15 March 1929, Page 2

Dominion’s Trade

Shows Big Increase EXPORTS NEARLY RECORD OVER £4,000.000 TO GOOD Figures issued by the Govern- j ment Statistician in Wellington yesterday show a very satisfac- j tory position in connection with the Dominion's trade. yXIOKTS for February were valued 1J at £8,056.083, this being only the second occasion .on which the j £5,000,000 mark has been exceeded; in one month, the other being i £5,330,263 in 1325. Exports exceeded imports by j £4,377,540 in February, this constituting a record favourable balance. Details of the exports and the im- j ports for the first two months of the j year compare as follow with those for j the corresponding period of last year; Two Months. 1929 1925. Increase. £ £ £ Exports .. 1 6,506,014 15.449.207 1,05*1. so?' Imports .. 7.997,634 7.345.25 S 649.976 J Excess . 'S,SOS,3SO‘ 5,100,949 407,431 Following is a comparison of the returns for periods of eight months in recent “production years’’;

Compared with last year expoi'ts show an inci’ease of £1,626,000, while imports have expanded to the extent of £2,037,700. The apparent favourable balance is consequently lower by £411,696. The valuation of exports exceeds by £895,158 that for the corresponding period of 1924-25, the year that produced the record total of £57,499,976 —that for 1927-28 was £55,619,285. Although imports have increased, in comparison with last year, the total is still lower than many of the three preceding years.

July-Feb. Exports. Imports. Excess. £, £ e 1923-24 . 28,611,614 30,661,516 2,059,902 1924-25 * 1.084,033 34,729,466 645,431 192626.233,281 26,023.432 36,393,369 32,475.653 10.160.07S 6,452,221 1927-2,S 33,353,219 29,930,500 *3,422,719 1928-29 34,979,223 31,90S,200 *3,011,023 * Excess of exports in the last two years; excess of imports in preceding years.