EXCESS OF IMPORTS.

Ashburton Guardian, Volume 50, Issue 159, 17 April 1930, Page 5

EXCESS OF IMPORTS.

MEW ZEALAND TRADE.

SUM OF £122.097 LAST YEAR. (Special to the "Guardian.") WELLINGTON, April 16. The conversion of an excess of exports of £12,048,478 in the previous year into an excess of imports ot £122 097 is the feature of the Dominion's overseas trade returns for the financial year ended on March A\, which were made available by the Minister of Customs, the Hon. J. V>Donald, to-night. . The Minister stated that the total values of the exports from and imports into New Zealand for the period were : £ Exports 49,045,817 Imports 49,107,914 Excess imports ... 122,097 Exports had decreased by £8.108,526 compared with the previous financial year, and the. imports had increased by £4,062,049. ... . The principal cause of the decline in the exports had been the lower prices obtained for wool this season, and the decreased quantity exported. The present is the fourth year since 1921 when the balance has been of an adverse nature. ' , The following tables supplied bv the Minister show the total quantity and values of some of New Zealand's leading exports during the last three financial years:— , QUANTITIES. 1927-28. 1928-29. 1929-30. * (bales) 723,708 635,683 603,260 "(ewt) 1,578,299 1,005,505 1,599,407 Cheese (ewt) 1,564,449 1,709,167 1,618,537 Lamb „„,».- ««- (cwt) 1,837,287 1,828,645 1,947,23/ Mutton .__ (ewt) 1,090,4394 956,921 978,909 Pelts I (no.) 9,047,878*,596,809 9,356,390 VALUES.

£ £ £ Wool 16,691,385 15,576,291 10,010,97.) Butter 11,964,431 13,141,494 12,022,440 Cheese 6,092,900 7,296,804 6,280,213 Lamb 6,494,880 6.711,865 6,901,305 Mutton 2,070.709 1,909,131 1,988,370 Pelts 1,247,226 1,406,131 1,472,861