BUY DOMINION GOODS.

Auckland Star, Volume LXI, Issue 52, 3 March 1930, Page 4

BUY DOMINION GOODS.

POSITION OF GERMANY.

SECOND BIGGEST CUSTOMER,

The statement that, next to Great Britain, Germany is now New Zealand s most valuable customer, was made by Mr. W. Penscler (German Consul) in a ietter read at the last meeting of the council of the Wellington Chamber of Commerce. Supporting his contention, Mr. Penseler stated that according to figures issued by the Government Statistician, the imports from Germany during 1929 amounted to £942,798, while the exports were put down at £1,220,899. In reality, Germany purchased more than £3,000,000 worth of New Zealand produce. Of the wool bought in New Zealand for German account during the previous season, the majority was shipped from New Zealand ports on bills of. lading made out to "London option Continent," and at least 66,135 bales to the value of £1,411,500 were transhipped to Germany immediately on at London. These shipments were credited in the New Zealand statistics not as exports to Germany, but as .exports to Great Britain. And by those shipments alone the value of New Zealand exports to Germany was increased to £2,632,399. In addition, Mr. Penseler continued, Germany bought every year considerable quantities in the aggregate of New Zealand wool, hides, skins, casings, meat, butter, casein apples, honey, flax, gum, etc., in the London market. The value of such purchases might vary between about £500,000 and £1,000,000 per year, bringing thererore the total purchases by Germany of New Zealand goods during 1929 up to well over £3,000,000.