THE TRADE BALANCE

Evening Post, Volume CVI, Issue 81, 3 October 1923, Page 4

THE TRADE BALANCE

OVER SEVEN BULLIONS TO TEE

- GOOD.

The imports into New Zealand for the eight months ended 31st August last, states the Government Statistician, totalled £24,648,012, an increase of approximately £ ix millions over the corresponding period of last year. The increase is general, although the greatest change is-evident in such items as motor-vehi-clee, wearing apparel, boots and shoes, cotton and woollen piece geodg, and oils. v Exports totalling £35,531,590 are

greater by nearly th«e millions than last year. Butter aiid chesse are chiefly responsible for the imroved position Despite the advance recorded in imports, -which is due no doubt to ereater business confidence, exports show a surplus Of over -eleven millions. 'Such a P? 811. 10".', *yen when such factors as invisible imports and exports are taken into consideration, must be regarded as eminently satisfactory. The Statistician illustrates his remarks by an instructive diagram, showing that imports which wer« a £>w ebb -during 1921 and the greater part of last year have maintained a uniformly high level for the past twelve months or more. In the case of exports, the seasonal nature of.the trade is well distinguished. The. trade of New Zealand with different countries is set but below: Imports. Exports. £ £ ■ U. Kingdom ... 15,714,912 29,061,242 Canada 1,879*,226 463 414 Australia 2,731.310 1,866,573 France 124,988 243,035 ' Germany 10,990 172.172 United States ... 4,458,177 2,895-297 British countries 21,794,450 31,844,757 Foreign countries 6,427,838 3,686,833 28,222,288 35,531^590 Balance of exports over imports £7,309,302. ... .