OVERSEAS TRADE

Press, Volume LXXXIX, Issue 27046, 22 May 1953, Page 10

OVERSEAS TRADE

Improvement In N.Z. Finances FOUR MONTHS’ FIGURES (New Zealand Press Association) WELLINGTON, May 21, In overseas exchange transactions last month New Zealand had a surplus of £10,463,000, according to figures issued today by the Reserve Bank of New Zealand. In April last year there was a deficit of £1,963,000. For the first four months of this year there was a surplus of £36,786,000, compared with a deficit of £10,184,000 for the corresponding period last year. Receipts last month totalled £27,196,800, compared with £22,175,000 last year. Among the exports were:— butter, £5,538,0)0 (£3,000,000 last year); cheese, £1,569,000 (£979,000); meat, £4.181,000 (£4,212,000); wool, £10,900,000 (£7,787,000). Other items totalled £3,318,000 (£2,988,000). Payments for the month totalled £16,733,000, compared with £24.138,000 a year ago. Payments for the four months reached £77,113,000, compared with £111,206,000 last year. The main items among the payments were:— Government imports, £1,874,000 (£2,495,000 last year): private imports, £11,886,000 (£19,209,000). Other payments were £2,158,000 (£2,995,000). Among the totals of receipts for the four months of this year were:—butter, £21,244,000 (£18,865,000 last year); meat, £20,672,000 (£11,936,000); wool, £10,900,000 (£7,787,000). The total export receipts for the four months were £106,098,000, compared with £88,390,000 a year ago. Overseas exchange transactions last month are given as follows: Receipts. Exports: butter, £5,538,112; cheese, £1,569,389; meat, £4,180,924; wool, £10.900,419; other, £3,317.708. Other receipts: £1,888,996. Total, £27,195,548.

Payments.—Government payments: debt interest £236.627; imports, £1,873,934: other, £577,494. Private imports: £11,886,395. All other payments: £2,158,382. Total, £16,732,832. This leaves a surplus of £10,462,716.