Rise In Meat, Dairy Sales

Press, Volume CVI, Issue 31339, 8 April 1967, Page 3

Rise In Meat, Dairy Sales

In spite of a £5.4 million fall in wool exports in February, New Zealand export receipts totalled £31.2 million only £0.9 million less than in February, 1966.

The fall in wool Income, through Wool Commission buying, was partly offset by increased sales of other primary produce, according to Reserve Bank figures released last night.

Meat exports were £2.6 million higher and dairy products rose £2.4 million, compared with February, 1966.

Total receipts rose £16.3 million to £56.1 million.

A £l7 million rise in official capital receipts was through a £6.2 million increase in the sale of investments by the Government and a £lO.B million loan to the Reserve Bank.

Payments of £42.9 million were recorded—£4.l million

higher than in 1966 and £10.4 million higher than in 1965. Government Imports were £1.5 million higher and private imports rose by £0.9 million. Private invisibles rose £3.3 million to £lO million. February payments and receipts, according to the Press Association, were: MOIIPTS

During the first eight months of the current import licence year import payments exceeded export re-

ceipts by £1 million, compared with £13.9 million in the same period last year, and there was a £57.3 million deficit on invisible transactions, compared with £48.4 million.

experts .«■ Other currant.« 1HT tm. n.i UM Cm. 32.1 3.» Total current .. 35.0 35?T Govt. capital .. Private capital 20.2 0.9 3J O.t Total .. 50.1 3M

FAYMBH TS Imports— Govt. .. 3.0 2.1 Private 25.9 25.0 Invisibles— Govt. 1.. 2.7 33 Private .a 10.0 0.7 Total current .. 42.3 37.1 Capital— Govt. ... 0.2 0.5 Private .... _OJS 1.2 Total .. 42.0 383 BALAHCBS Current account— Trade .. +1.7 +4.9 Invisible -9.0 —0.3 Total ... -1.4 Capital +20.4 2.4 Total +13.1 +To a— 11. February export receipts were made up as follows:— 1907 19M £m. £m. ■utter 3.0 Cheese .. 23 2.0 Other dairy ... 2.2 1.4 Meat (. >.9 0.3 Wool 133 Other .w si 5.9 Total .. 31.2 323 — —