HEAVY tRADE BALANCE.
' "The overseas trade position continues satisfactory." adds' the' statistician. For the first half of the year the balance in favour of the Dominion is shown at £ 10,700,000. in New Zealand currency or £5.600,000 in sterling. This compares ■with' £9,500,000 in New Zealand currency iind £8,600.000 sterling for the first six months of: 1932. It should be noted that the exchange rate New Zealand on London was raised from 10 per cent, to 25 per cent, on January 20, 1933. The Government Statistician's trade summary in New Zealand currency (excluding specie) for the first half of this year is as follows:— ■ ' Six months, Six months,
IrT sterling the excess of exports over Imports for the half-year ended June 30, 1033, was. £9,903,000 and for the corresponding period of 1932 £9,103,000. For fho; twelve- months ended December 31, » J932, the excess was £9,067,000.
Exports Imports' £ 34,470,000 22,191,000 £ 31,668,000 23,OOT,000 Excess exports £12,lS0,000 £10,013,000
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Bibliographic details
Evening Post, Volume CXVI, Issue 29, 3 August 1933, Page 14
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154HEAVY tRADE BALANCE. Evening Post, Volume CXVI, Issue 29, 3 August 1933, Page 14
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