Import rise of 52 p.c.

Press, Volume CXIV, Issue 33478, 8 March 1974, Page 3

Import rise of 52 p.c.

I (.V.Z. Press Association) I WELLINGTON, March 7. Payments for private imports for the 12 ; months ending July, 1974, are estimated as likely to reach 51879 m, an increase of 52.9 per cent over actual payments of $1229m for the 12 months ended July, 1973, says the Government Statistician (Mr E. A. Harris). - The latest calculation is I

made up of actual private import payments to the end of January, 1974, as released by the Reserve Bank, toi gether with projections, based on the orders-and-payments survey, for the remaining six ' months. 1 The survey indicates that , private import payments will ■ average sl6sm a month from February to April, 1974, and sl9om a month from May to : July, 1974. Corresponding , averages of actual payments a year earlier were slo2m , and sl22m, respectively. The results of the survey of overseas orders and payiments — which covers about I half of private imports —

i shows that orders placed bv I surveyed firms in January, ■ 1974, were valued at $69.2m, compared with $61.6m in Jan- ■ uary, 1973, an increase of I 12.3 per cent. i Orders placed overseas by : surveyed firms during the six months ended January, 1974, amounted to $499.1m — 54.5 I per cent higher than the i value of orders for the six I months ended January. 1973, i which were $323.1m, ; Payments made by suri veyed firms in the six months i ended January’, 1974, amounted to $369.9m. com- ’ pared with $285.1m in the corresponding period a year : earlier — an increase of 29.8 ■ per cent.