TRADE WITH AUSTRALIA

Sun (Auckland), Volume IV, Issue 1001, 18 June 1930, Page 13

TRADE WITH AUSTRALIA

GRADUAL DECLINE FEDERAL AUTHORITIES CONCERNED The decline in Australia’s trade with New Zealand is causing: concern to the Federal Ministry, which intends to ] investigate the position with a view to setting in train a possible recovery. Kxports of Australian produce to the < Dominion in 1924-115 were valued at £ 4,744,922, and in 1928-29, the last complete statistical year, at £2,523,942, ' so that in four years the decline is : £1.920,980, or 40 per cent. Bach year ' in the period lias added to the shrink- . age. At the same time, imports, though still lower than exports, have not only been maintained, but at £2,202,580 in 1928-29 show a small increase of £ 6.014. Last year’s iigure, however, represented a sharp decrease from that of the previous year, £3.306.143. In the following table totals of exports, including Australian produce and other produce re-exported, and of imports are shown for each of : the past five years: TRADE WITH NEW ZEALAND Exports. Imports. J Aust. Produce. Other.

Half a dozen of the principal items of Australian produce exported to New Zealand reveal a heavy falling- off, both actually and relatively. That in wheat is the most substantial, especially following an increase in 1925-26. A marked decline in flour has occurred in the past two years. Since 1924-25 exports of sugar have been small. The value of coal exported has diminished consistently during the period, while tli© downward movement in leather and timber, though extensive, has not been quite so regular. SOME EXPORTS TO NEW ZEALAND

STRONG WOOL DEMAND SIDNEY, Tuesday. | At the Sydney wool sales today the offerings totalled 10,103 bales, of which 9,586 were sold. Also 517 bales were sold privately. ' The market was very firm with I strong competition chiefly from the j Continent., Japan and Bradford. Crossi breds were irregular. Greasy Merino fleece sold to L‘G|d.

1924-2.1 . . 4.74+.322 1,307,643 2,136,566 ' 1325-26 . . 4.7.03,102 S+S.1S0 2,651,062 1926- . . 3,716,9 + 1 767,15+ 3,123,OSS 1927- . . R, 117,158 737,477 8,306,143

1925-6. 1926-7. 1927-8. 1928-9. £ £ £ £ Wheat . . 823,924 304,053 108,816 63,312 Flour . . 167,036 376,975 62,649 38,728 Sugar . . 6,624 6,597 5,948 6,152 • ' ; 562 206,967 Feather 46,624 22,576 26.3S0 24,178 * Timber 301,483 248,340 166,715 257,687 •Undressed.