STAGGERING DROP
AUSTRALIA FACES BIG TRADE DEFICIT WHEAT AND WOOL SLUMP Reed. 11.10 a.m. SYDNEY, Today. The Commonwealth exports for the seven months ended January, 1930, show a staggering decrease over the same, period last year. For the seven months to January, 1929, the exports totalled £ 50,303,073, and for the same period to January, 1930, they totalled £25,000,000 less. These figures partly explain the enormous, adverse trade balance piled up against Australia in recent months. In January the adverse balance was estimated to be over £100,000,000.
A notable decrease in exports is a £5,000,000 drop in wheat. Wool exports slummped nearly £13,000,000 from the previous year.
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Sun (Auckland), Volume III, Issue 922, 15 March 1930, Page 9
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106STAGGERING DROP Sun (Auckland), Volume III, Issue 922, 15 March 1930, Page 9
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