BALANCE OF TRADE.

Auckland Star, Volume LIX, Issue 174, 25 July 1928, Page 4

BALANCE OF TRADE.

SIX YEARS COMPARED. big increase of exports. REFLECTED IN BANK RETURNS. Oi v.t.i! importance to the general welfare n: tiie Dominion is the relationship betn-een exports anil imports, as this i« inevitably reHecte.l in monetary condition*. The following tables give our '" v in.l imports for the pa,st six v?ar*. *h.*■ v;,t g the balance of trade for' each O'nrrer. I hese fi/urrs are exclusive of spe< | e — _ . — Excess of Quarter Exports. Imports. tlmports. •Exports. W2L--.M- £ £ £ Scpfeniher S.S.-.H.517 trtfl 388 rieeember 7.r.50,4.-.4 0 574 "TP 7ST) vfareh ... 1 i«i.7no;.n-v7 June H:.057,512 10..",84.Hvt *"..703.648 , £40.006,715 £nr>,n05.r,77 *£7.«T01T13C September 10.477.17!) f::.95." 210 Peeember 5.374.!>."•♦ I'J.IVM S'JU f.VfS'fl'Stifl March ... 20.H81.742 1 l.s-jri 7-jr, •s's.T'ol7 June 12.NH1.0.-.0 »^[o74>]4^:{ lf) . M o- IKi,GI2 £45.12<>,2.j4 - £::.iS7.r:Hs Sepremher 7. (OI.StTS 13.403,207 fK,028.339 Deeemlier 11. t'.i7.«i"i.; 12.35i1.H10 +5!>1.0.~7 March .. 'j'j.M-j i.L-.ir, i.;, ♦:».«t7] , .>7^ June .... 1.111 n .SOI.WK *3,671.479 £.17,.". 47.207 £.>>,So4,loi: *£6,449,155 September s,7f>l.fi.V> 13,210.-122 t7.427.307 December 1 l.ono.HX i4.l!M>.:m t3,i24,2fH Mareh ... 1H.2.1X.H19 13, HOI. 272 *2.567.347 June 13.2f'8.<W4 11.0i3.508 *2.184.256 £46,324,904 £52,125,552 t£5,800,558 1926-2"— September 7.573.. r >Sfi 1n.A97.78S 14.814.202 December 7.02N.6,V. 12.308,895 f4.380.240 Mareh... 16.671,0 X! 11.995,879 *4,675,154 June 13,921.308 10,204,825 •3.716.483 £46,384,582 £47,197,387 t£-,502,505 1927-28— September 7.324,347 11.483,335 t<. 153,988 December 10,579,60»; 1t.098,627 f.115.961 March ... 23.131.710 11.619.126 *11.512,584 June 14.060.562 9,283,410 * 4.786,152 £rw,10.-,285 £43,48-1,498 *11,620,787 Month— June. 1928 £1,270,223. £3,161.038 *£100.155 June, 1927 3,003,416 3,638,533 t35,11" By the end of June the bulk or the Dominion'* produce ha« been shipped, so that it correspond* fairly closely with, the aeanons. It will be seen that taking the full year the favourable balance of trade in greater than it ha* been for a considerable period, and this has been reflected in the latest banking returns, which showed a margin of deposits over advances amounting to £7,520,178. Provided this movement continues it will certainly show itself liter on in improved trade condition* generally. Export* for June were not heavy, thi* being due to the fact that shipment was made earlier this year than !-*t. Thi* applies particularly to meat and dairy produce. Both in regard to quantity produced and value* obtained the season just closed ha* been an excellent one for the New Zealand fanner upon whose combined efforts the country is largely dependent, and it i* to be hoped the season now commencing will prove as good. At the moment it may be said that the auguries are favourable. The winter ha* been reasonably mild, and with increased stock available, production may expect to reach, if not surpass, last year's level. As to price*, the wool position, judging from the London rate* just completed, reads well, our meat is in good demand, and London dealers are seeking to buy our dairy produce* for delivery a* far ahead as February next at prices that must be considered remunerative.