ENGLAND’S EXPORTS

Sun (Auckland), Volume III, Issue 660, 11 May 1929, Page 10

ENGLAND’S EXPORTS

GOOD CUSTOMER IN NEW ZEALAND In the aggregate, the Dominions, the Colonies and India are as valuable a market to Great Britain as the remainder of the world. Of British exports in 1928 amounting To £723,000,000 Empire countries absorbed £327,000,000 worth, equal to 45.5 per cent, of the total. The annual pre-war average was 34.7 per cent. It is computed that of British fully manufactured exports, countries of the Empire now absorb at least 50 per cent. Setting side by side the purchases of different countries, the comparison is said to be more striking. The 7,500.000 inhabitants of Australia and New Zealand bought last year from Great Britain a larger value of goods than the combined purchases of each group of the groups following Australia and New Zealand in the table set out below:— Australia and New Zealand £75,000,000 : All Foreign South America 64,000,000 : All Foreign North and Central America, including U.S. A 51,500,000 i The Far East, including China, Japan and Netherland Indies 43,200,000 i Germany, Poland, AustriaHungary and Czechoslovakia 51,900,000 ! France, Belgium, Italy. Spain and Portugal 69,900,000 While India and Ching. buy about equal value from the world, in 1928 India purchased £83.900.000 of British goods, while China (including Hong-Kong) purchased £21,000,000 worth. Canada, with a population of nine millions, bought £34,300,000 worth from Britain against purchases of £46,600,000 niadg by 115 million inhabitants of the United States. So each Canadian citizen was nine times as good a customer to Great Britain as each United States citizen. Argentine buys more goods from the world than Australia, yet Australia bought £55,700,000 worth of British goods in 1928, as against ArgenI tine’s £31,200,000. Denmark buys nearly twice as much from the world as New Zealand, yet in I 192 S New Zealand’s purchases of British : goods were valued at £19.500,000, and i those of Denmark at £9,700,000. Similar . comparisons may be made regarding Brazil and South Africa, the Union buying £31,200,000 worth of commodities from Great Britain in 192 S and Brazil, £16,000,000

POTATO MARKET QUIET POSITION IN CANTERBURY l J i'ess Association CHRISTCHURCH, Friday. Trade has continued to be quiet in produce. if, however, the Australian embargo on New Zealand potatoes should be lifted, a more healthy tone should be introduced. At present there is not much trade doing in this line. The Wingatui, which sailed earlier in the week for Auckland, took about 1,600 sacks frojn Lyttelton, and had on board another 350 sacks, which were shipped at Timaru. The previous boat sailed about a week ago, and the next one is expected to get away about Wednesday or Thursday. It is stated that the Auckland consumption is between 6,000 and 7,000 sacks weekly, according to the price of potatoes, so that it will be necessary for Auckland to draw on its own local potatoes meanwhile, to the extent of some 4.000 sacks. Very little wheat is changing hands at present. What has been sold has shown as easier tendency, Tuscan being quoted at 5s 7d to 5s 8d a bushel, and Hunter’s at 5s 9d to 5s lOd on trucks at country stations. Chaff is quoted at £5 10s, f.0.b., s.i., which is equal to £3 10s to farmers on trucks at country stations. Algerian oats, machine-dressed and clipped, are quoted at from 3s 9d to 3s 10s a bushel. Partridge peas are not wanted. The figure for them is 5s 7d, f.0.b., s.i., for No. 1 quality. The autumn trade in seeds is finished, and a quiet time is expected until July or August, when spring saving should result in a revival of business.