TRADE GAINS

Evening Post, Volume CVI, Issue 54, 12 September 1928, Page 9

TRADE GAINS

OVER SEVEN AND A-HALF MILLIONS By courtesy of tho Customs, gross returns of trade for the eight months ended 31st August are now availablo and show a decided turn for the better, when compared with those of last year and the year before. The eight months' trade has been as follows:— Exports. Imports 8 months. & & „„ 1928 .. 43,076,394 28,893,753 1927 .. 35,782,695 29,105,373 Increased exports for 1928 period over that of last year, £7,293,699. Decrease imports for the poriod, £211,Adding to the saving of £211,620 representing reduction of imports to the increased income from exports of £7,293,699 there is a gain for tho eight months' external trado of £7,505,319 for this year. Tho overseas position at tho end of August, 1926, offers marked contrast with that to-day. There were then exports to tho value of £34,946,188, while imports were «f the value of £32,269,049, the balance in favour of the Dominion then being but £2,677,139, as compared with £7,293,699 to-day. The figures prove conclusively the great recovery of tho Dominion during the past two years, and taking the prospects of markets for all New Zealand produces into account, fully justify a hopeful outlook by the producers, traders, and bankers of the Dominion.