SLOWING DOWN.

Auckland Star, Volume LXX, Issue 203, 29 August 1939, Page 6

SLOWING DOWN.

OVERSEAS TRADE. FIGURES FOR JULY. EXPORTS AND IMPORTS. A seasonal decline in the Dominion's overseas tradp is indicated in the fijrures of exports and imports for the month of July released to-day by the Customs Department in Wellington, and forwarded by Press Association message. Compared with the month of June, total of exports and imports have dropped from approximately £10,000.000 to £8.000,000 —just over 20 per cent. The biggest reduction is in exports, which at £3,557.000, are lower by £1.588.000, while imports, at £4,462,000, are down bv £735,000. The figures for July in the past seven years are: — Exports. Imports. Excess. July £ £ £ 1933 ... 3,3??,00Q 1,695,000 1.682,000 1934 ... 2.851.000 2.867,000 16,000* 1935 .. . 3,218.000 2.947.000 271.000 11930 ... 4.680,000 3,530.000 1.150,000 1937 ... 4.524.000 4,843.000 19.000* 1938 .. . 3.783.000 4,611,000 828,000* 1939 .. . 3,557.000 4,462,000 905,000* From these figures it is evident that the Government's embargo on imports had not been effective up to July 31 in seriously reducing the quantity of imports entering the Dominion. Seven Months Compared. A comparison of the seven months ended July in the past seven years is as follows: — Exports. Imports. Excess. Jan-July £ £ £ 1933 . 26.739.000 14.329.000 12.410.000 1934 . 34.349.000 16,623.000 17,726.000 1935 . 30.327,000 19,665,000 10,662,000 1930 . 38.911.000 23.440.000 15,471,000 1937 . 46.925.000 30,571,000 16.354.000 1938 . 41,090.000 31,720,000 9.370,000 1939 . 40,339,000 32,649,000 7,690,000