OVERSEAS TRADE

Evening Post, Volume CXXXVIII, Issue 11, 13 July 1944, Page 6

OVERSEAS TRADE

ADVERSE MAY BALANCE With exports at £6,132,000; and im- : tjorts at £9-645,000, the New Zealand . Sversefs S 'figures J6fc .May last show an adverse.balancer«fv£ 3,513,000 though for .ffiCTva months'o^! thisyear the adverse balance is only .£1.738, 000, according to figures supplied today by the Customs Department. This is the first adverse balance in May since 1940, and compares with a - &rabfe balance of £509,000 m May last year and one of £2,524,000 in /MFo'r l9 the five months .^the adverse halance shows a considerable improvement on that for the correspondfne five months last year, when the ■ balance of trade against the-Dominion : was £ 5,572;000. This in. turn showed -an extraordinary deterioration from ■ the first five months of 1942, when the •-favourable balance amounted to 'i £in >6the° comparisons quoted below .the values are expressed in■•terms of ;-New Zealand currency, and the import values include defence materials and equipment, and supplies under lend- ' lease. Excess of '■*$*« IS MS 2& I. 1044 6132,000 9,645,000 3,513,000* : 10 n " 7 867 000 • 7 358,000 509,000 - \lfo "" 7450 000 4 926,000 2,524,000 » 1941 '.'.'.'. 6 644 000 5,536,000' 1,108,000 ■g 1940 "" 5,0.15i000... 5,549,000 534,000' ■^five months S e"l944 May> 30,731,000 32,469,000 1,738,000* ■ 1943 ':.. 29 089,000 34,661,000 5,572,000* " 1942 32,191,000 18,566,000 13,625,000 - 941 31344,000 18,374,000 12,970,000 1940 .... 35;i35i000 13,971,000 15,167,000 C 'Excess of Imports.

%. HONOURING MR. HUGHES - CANBERRA, July 12.

~™ Mr. W. M. Hughes, "the father of the Federal Parliament," will complete -his fiftieth year as a Parliamentarian ■ next week. Arrangements for a dinner 'in his honour are being made by Mr. ij. Curtin. ■ : Now. in his eightieth-,, year, Mr. ■Hushes won a seat in "the New South iWaies Legislative Assembly at the age i;o£ 30. He was Australia's Prime Mm