NOTICES TO CORRESPONDENTS.
Interested.—Good Friday next year falls upon April 9th. IMPORTS IN EXCESS OF EXPORTS. (To the Editor.) Sir,—l fail to understand the arguments of your correspondent "Unit" on the above subject. 1 stated that if the value of a country's imports in any one year exceeded its exports, and if that country also had to find a large sum of money to pay the interest on its public, municipal and private external indebtedness, then that country would be, financially, in a bad position, and would have to draw on its credit to settle the difference. Yonr correspondent goes on to inform your readers that "all trade is but the exchange of commodity for commodity." Quite so, but if you import a greater value of commodities than you export, the balance must, somehow, be rectified; how much the more so when the terrible interest account has also to be settled? —I am, etc, H. J.
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Auckland Star, Volume XXXIX, Issue 237, 3 October 1908, Page 7
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156NOTICES TO CORRESPONDENTS. Auckland Star, Volume XXXIX, Issue 237, 3 October 1908, Page 7
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