OUR IMPORTS AND EXPORTS
A MARVELLOUS CHANGE,
The Wellington correspondent of the '* Otago Daily Times " cays :— The official return of Now Zealand imports and exports for the past quarter has joat been prepared, and will be gazetted ■hortly. The figures are so remarkable as to be m some reapeots absolutely phenomenal. New Zealand's export duru g the first quarter of 1889 amounted to the unprecedented value of £3,417 734. This is not even approaohed by tny previous quarter, and is by far the largest quarter's exports that ever yet left this colony. The imports dm Ing the same period amount to only £1,721,988 as against £1,755,663 for the March quarter of 1888, although the first is usually the heaviest quarter of the year m reßpect of imports, mainly on account of the season's importation of drapery, etc Thus the quarter's exports were as marly as possible double the imports m value. For the year ended Maroh 31 the imports were only £5,508 226, an exceptionally low total, while the exports were £8,201,609, the lattev being the largest ever recorded m New Zealand for one year, exceeding the imports by nearly 2} millions sterling. The New Zealand imports for the last 15 years (1874 to 1888, inclusive) amounted to £111,452,422, ex* ceeding the exports by £15,227,307.
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