AUSTRALIAN TRADE.
SEVEN MONTHS' STATISTICS.
"Wild Cat Monthly," commenting upon the state of trade in Australia, states: — "The most cheerful feature of our trade situation is that imports continue to fall. Limiting the figure to merchandise, that is, everything except gold, the results for the first seven months of the last two financial years -were: 1929-30, exports, £56,534,679; imports, £87,094,574; excess of imports, £30,559,895. "For 1930-31, the imports during the first seven months totalled £50,522,986, and the exports £43,434,833, an excess of £7,088,153." The article continues: "If we could carry on as we have done during the past three months, we should still be on the wrong side, but not far. Our exports during this period were £24,853,345, our imports £16,220,461, and our trade surplus £8,632,884. But exports for these summer months are always better than normal. What we are faced with is the possibility of a poor harvest while prices are low, and it would not be possible to further greatly reduce imports without causing hardship, as a large proportion consists of tools of trade and raw materials not immediately procurable in Australia."
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Bibliographic details
Auckland Star, Volume LXII, Issue 82, 8 April 1931, Page 3
Word Count
184AUSTRALIAN TRADE. Auckland Star, Volume LXII, Issue 82, 8 April 1931, Page 3
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