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COMMERCIAL.

The amount of revenue collected at the Custom-house on poods cleared to-day for consumption was L1,18214s Id. Mr W. S. Wilson, of Auckland, has been appointed a director of the South British Insurance Company in place of Mr Morrin, resigned. OUR TRADE, A very interesting comparative tabular statement of the New Zealand export* for the financial years ended respectively March 31, 1888, and March 31, 1889, has been compiled by the * New Zealand Trade Review.’ The figures are remarkable and instructive. They show in striking prominence the industries on which this colony chiefly depet da for her trade. Above all is manifested the overwhelming importance of wool. Wo have heard much of late of the large development and satisfactory promise of the trade in frozen meat, dairy produce, grain, and flax. All of these exhibit marked progress. Bat the whole of the exports under these heads, lumped together, do not approach in value that of the single item wool. In fact, out of a total export of New Zealand produce amounting to L.7,727,953 (re-exports and specie bringing up the sum to L 8,201,409), v.ry nearly half is due to wool. During the year we exported flax to the value of L 112.190 ; flour, L 153,031 ; dairy produce, L 211,801; frozen meat, 1,666.556; grain, L 781,385; gold, L 842,066. But the wool ex.iort amounted to a value of no leas than L 3,337,122 ! Figures such as these impress forcibly on the mind the vast extent to which New Zealand is dependent on the production of wool. It will take a long time for any other product to catch up this one, which at present is “first, and the rest nowhere ”in the race. On tho other hand, it is noteworthy that the wool export for the year is leas by L 63.228 than that of the previous year; whereas the output of grain is larger by L 399,166, of fl ur by L 98.235, of frozen meat by L 191,053, of butter by L 65.728, and of flax by L 80,729. It is an impressive illustration of the magnitude of the rabbit pest that tho export of rabbitskins reached a value of very nearly LIOO,OOO, while even this was considerably less than in the preceding year. It is satisfactory, in view of the depressed state of the gold-mining industry, to notice that there is an increase, although a small one, in the yield of gold. There is one industry which Auckland has all to itself—kauri gum digging-and the return for the year gives a fair idea of its substantial local value. The export of kauri gum amounted to L 367.810, which is more than half the value of the frozen meat export for tho whole colony, nearly half that of the grain export for tho entire colony, and more than donble the to*al flax export even at tho Improved prices of the latter. It does not need much imagination to conceive that Auckland would be in evil case without the valuable product which 1s its local specialty, and we aie sorry to see that there is a falling off in this item to tho extent of nearly LIO,OOO as compared with the results of the year before. Tho increase of just upon half a million sterling in tbo export of grain and its milled products—an increase of more than 100 per cent., bringing up the total to nearly a million sterling for the year—gives some idea of the benefits which our farmers must already have reaped from the improved prices of corn. Frozen moat has made a further onward stride of L 191.000, and now represents more than twothirds of a million sterling in our export Ust. Timber, hides, leather, hops, potatoes, grass seed, coal, and miscellaneous produce all display material increases, But, as might have been expected from the recent extraordinary expansion of the trade and of prices, flax gives the most surprising statistics of all in the way of increase, The year’s flax export was L 112.190; that of the year before was only 131,461. Here is a jump of not far short of 300 per cent, in a single year ! Another striking feature in tho year’s total exports is the sudden spring of nearly a million and a quarter above the previous year, whereas the lat'er was only LIOO,OOO better than the year before, which sgain was but L 200.000 in advance of its predecessor. Further, the imports, which in 1885-86 exceeded the exports by half a million, were in 1883 89 exceeded by the exports to the extent of L 2,293,183. Some have imagined that specie has been heavily exported to pay our debts. This is a complete misapprehension. The specie sent away amounted to L 332,000, but L 361.000 worth was imported, so the balance is in the colony’s favor.—‘New Zealand Times.’ MINING NOTES, The directors of the Shotover Big Beach Dredging and Gold Mining Company, Limited, have received the following telegiam from Queenstown“ 470z Gdwt amalgam for fiftysix hours’ dredging; working satisfactorily at present,”

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https://paperspast.natlib.govt.nz/newspapers/ESD18890524.2.24

Bibliographic details

COMMERCIAL., Issue 7915, 24 May 1889

Word Count
840

COMMERCIAL. Issue 7915, 24 May 1889

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