SWING BACK.

Auckland Star, Volume LXX, Issue 34, 10 February 1939, Page 8

SWING BACK.

dominion's exports. 'adverse trade balance. FIGURES FOB 1938. According to figures released by the Customs Department in Wellington and forwarded to-day by Press Association message, exports from the Dominion showed a sharp drop in December, while imports" kept lip, thus further emphasising the adverse trade balance -which has been a feature of the returns in recent months. Compared with November, exports were lower by over £050,000, ■while imports only dropped £ 1S,000. : It is this state of affairs that the Government seeks to rectify by its exchange embargo and its licensing of. import?. December Totals Compared. Following is a comparison of the t returns for December in the last six years, for commodities o:;!y, in New Zealand currency:— .-.-...■ Excess of Exports. , Imports Exports. £ £ i 1933 .. 4.115,001) 2.21 1.000 1.904.000 1034 .. -\.">!);i,niHi 2.791.0011 19K.iioo» J933 .. 3.922,000 3.21-1.000 Tii.s.i'/on 1930 .. 4,322.000 -1.203.000 20.000 1037 . . 4,417.000 4.009.000 1112.1101)* .1938 ..... .8,728,000. 4,705,0011. 1,037,000* v - 'Excess of imports. . Figures For Full Years. , Following is a summary of the returns for the past-six calendar years: Excess of Exports. Imports. Exports. £ £ £ 1933 .. 41.005.0U1 23,531,000 13,425.009 1034 .. 47,340.000 ."51.340,000 JO.WS'fiOO 1033 .. 48.535,0f1f) :Xi.317.000 10,221.000 193S .. ' (30,752,000 44.2.39.000 18.403.0011 1037 .. 08.713.1100 50.101.000 10.552.0(111 193S .. 55,.'!7G,000 33,422,000 • 2,034,000 Production Year. From the seasonal aspect the returns of the production year, which opens in July, are of especial- importance. Figures for the first half of the season in recent years compare as follow:— - " Excess of July- - Exports. - Imports. - Imports. Wee. £ ,■ £ . £ ' 1033, .. 17,044,000 12.047.000 4.097,000* 1934 ■ .'.' .'15,844,000 17.353,000 1.739.00 D 1035 .. 19,420,000 19,570,000 141,000 1935 .'. 22,321,000 21,273.009 1.752.000 1037 .. 24,018,000 ..'10.433.C00 5.520.000 1038 .'. 21,060,000 23,313,000. 7,214,000 .'■ 'Excess of. exports.