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COMMERCIAL.

The amount of revenue colleotod at tho Custom-house nn goods cleared to-d&y for consumption was L 2.224 9s 2d. A reliable correspondent writes to the ' N.O. Times':—"The oats held locally are not by any means under local requirements ; indeed, there must be 40,000 sacks in the district, of which 30 000 will have to be shipped away somewhere "

VICTORIAN RELATIONS WITH NEW ZK ALAND.

Under the heading of " Mercantile Relations with New Zealand " the ' Australasian Trado Review' (Melbourne) remarks:—" i\n important point is raised by tho increased duty on o*ts and barley, and that is the complete want of consideration shown to New Zealand in our tariff alterations The neglect to study our relations with New Zealand is felt by the mercantile world to b-t a great mistake. New Zealand has entered into a new period of prosperity, which is evidenc : d by the fact that she is now exporting: far more per head of population than Victoria. During the paßt half-year, indeed, the absolute amount cf her exports, irrespective of population, was largely in pxcprb of ours, the fiaurcß comparand as follows:—New Zealand. L 5,622,283; Melbourne (the export trade ot which forms nearly the whole of that of Victoria), L 4.429.123. The recovery of New Zealand, by mean 3 of her onhanced productiveness, from depression will grratly enlarge her import trade, and would possibly increaso her connection with Victoria under favoring conditions. The exports from Melbourne to New Zealand have become so shrunken that no encouragement offers for shipping enterprise, and it results, therefore, that it costs more to send goods there than it does to hrtHg them from tho United Kingdom, which is a severe handicap for the Melbourne merchant. Rut if intercourse wore fostered there would he a larger trade between the two colonies, which would be further promoted by a consequent reduction of freights. To the Victorian manufacturer New Zealand offcrn a market at ptesent only Becond to that of New South Wales, and probably in the near future it will be a better one." MINING NOTES. A Hokitika telegram states that the Kelly terrace tributors, ten men, washed up for six days, the return being 2ooz lfidwt, valued at L9B—equal to L 9 10s per man a week. The shallow rush south of Hokitika is turning out well.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890917.2.28

Bibliographic details

COMMERCIAL., Issue 8014, 17 September 1889

Word Count
384

COMMERCIAL. Issue 8014, 17 September 1889

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