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Statement of Assets as at 31st March, 1923. £ s. d. Land and buildings .. .. .. .. .. 30,005 10 0 Waterworks .. .. .. .. .. .. 0,000 0 0 Furniture .. .. .. .. .. .. 6,687 1 9 Plant, machinery, and type, Printing Office .. .. .. 450 0 0 Stocks £ s. d. Drugs and Instruments, Hospital .. 505 9 11 Public- Works Department .. .. 1,747 0 7 Printing Offloe .. .. .. .. 30S 7 0 Freezer .. .. .. .. 285 li lo Ammunition . . . . . . . . 17 15 11 Tools, to., outer islands .. .. 79 8 8 3,033 8 9 .Motor-vehicles .. .. .. .. .. .. 425 0 0 Cash as per cash statement .. .. .. .. 4,150 0 4 £00,291 6 10 Liabilities. Nil. Trade. For the year ended 31st, December, 1922, the value of imports was £116,726, and of exports £135,802 giving a balance in favour of exports of £19,076. For the previous year the figures were —Imports U 12,974, and exports £69,361. It will thus be seen thai the value of the total trade and of the exports for the year under review exceed those of the preceding year by £70,193 and £56,441 respectively. The position is very satisfactory, and there is reason to believe that it- will be maintained (hiring the coming year. The orange crop is good, and our planters. Native and European, are working extremely hard on their banana and tomato plantations. In regard, therefore, to these three products, our prospects depend entirely on shipping-facilities and the l prices obtainable. The effect of the poor demand for copra in London and other world markets, with the consequent low price paid locally, is making itself felt. The following is a summary of imports and exports for 1922, together with a return for the last eight years : — Port or Avabtja, Return of Imports for the Year ended 31st December, 1922. £ £ New Zealand .. .. .. 93,386 Tahiti .. .. .. .. 1,108 United. States of America .. .. 16,355 Canada .. .. .. .. 149 Australia, .. .. .. .. 2,533 France .. .. .. .. 5 United Kingdom .. .. .. 3,190 £116,726

Return of Exports for the Year ended 31st December, 1922.

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Article. Where exported. Quantity. Value. £ £ Bananas Oranges Lemons and limes. . ELumaras Mandarins Tomatoes Pines Taro Coffee .. Chili (Incumber Shell (lopra New Zealand ,, ,, ,, ,, ,, . United Stales of America New Zealand United Stales of America Tahiti 88.971 eases I 16.824 „ 388 „ 173 „ 26 „ 37.236 „ 301 „ 51 „ 5 sacks 1 „ I .. 33 eases 338 tons 1.616 „ 238 „ 42,048 40.884 125 164 9 17.417 84 26 50 1 I 992 1.336 24,690 3,033 Vanilla Coconuts United States of America New Zealand United States of America Tahiti 2.222 .. 50 11>. 2,130 sacks 3.508 „ 654 „ —■ 32,0'. 15 19 639 1,052 196 I .887 6,292 Total £135,802