DOMINION TRADING

Evening Post, Volume CX, Issue 45, 21 August 1925, Page 4

DOMINION TRADING

EXPORTS EXCEED IMPORTS

MINISTER REVEALS FAVOURABLE POSITION. (■X mffIRAPH.—PRESS ASSOCIATION.) AUCKLAND, 20th August. ■ Tha latest* trade figures, showing, the remarkable fertility of New Zealand, and tho industry of its. people, were quoted by the/ Hon. G. J. Anderson, Acting-Minister of. Industries and Commerce, in his address at the; opening ceremony of tlio'-Auckland 'Winter Exhibition to-day. • The Minister gave the following trado figures for .the first seven months of .this .year, the figures for the. corresponding period of last, year-being given ill parentheses :—Total' exports, £40,475,825 (£36,363,073); total imports, £29,341,324 X (£26,802,003); ■ ex■cess of exports, ' £11,134,501 (£9,561/ 070).- •...■•, ' 1 It would thus be seen, said Mr. ,An'derson,. that .both exports and-imports, this year had increasod as compared with the., figures for tha corresponding, period of last' year, but that this year there was a better trade balance in favour of New Zealand; For ■ the year .ended 31st July, 1925, the exports totalled in value ±J56,72§,----4.63, against £48,605,551 ■ for :the yearended 31st July, 1924: Imports amounted to £.51,066,924,-against \ £45,532,484. ■ The expess of exports- : for the year just closed waa £5,658,539, compared with. an : ,,excess of £3,073,067 : for the corresponding.period last year: ■ ■.-..■■■■. .. The, Minister said., that the increased' exports for the,-.first-, seven mont/lis. ofthis year were maiidy due to tho increased value of- wool exported, which showed an increase .of-' £2,773,000 over tjie figure for the first seven months of. 1924, and of frozen meat, which showed an increase of £1,082,097. Sheepskins showed an increase of £493,215. The., volume .of ..butter .exported had: increased slightly, ' but the value had decreased, while. , cheese' exports had declined both in quantity and value.- The tEain...lines,of. imports showing .greatly increased-value..were.motor 1 vehicles and accessories,,'. which, gave an increase of £838,438, and. apparel, drapery, and textiles,. which hod increased i>y £45,000., The, value of timber, manures, sheet iron, and tea had,!also greatly increased.. „; "The..Motherland takes the bulk of our. exports," concluded .tho Minister. "During the first. seven .months' of the year .the United Kingdom had. taken 80 per, cent.., of the exports, valued at; £32,309,228, while New Zealand took 49 per. .cent. o£. her imports froni Britain. Australia took .'4 per cent, of the Dominion's exports,and the United States 8. per cent. From• Australia camo 10 per cent, of imports and from the United States 15 'per cent., largely motor-cars.' 1 ■ .