TRADE CONDITIONS
.<w— EFFECT UPON UNEMPLOYMENT. BOARD’S ANAUYSIS OF ' POSITION. ' ’V.
(Special To Tho Times). WELLINGTON, Jan. 27. After an exhaustive review of trade conditions, the Unemployment Board draws the following conclusions: — . (1) Our favorable balance of visible exports has fallen from £11,302,215 m 1928. to in 1930. _ (2) The collapse ill prices during 1930, suporiiiiposed upon a considerably decrease in. ,1929, has .been responsible for this-unsatisfactory' state of affairs.
(3) Costs of production of primary produce- have not fallen appreciably. (4) Tlie present level of the . export prices index is considerably below that of the farm expenditure index. (5) While the .long term of prices on the overseas markets would appear to be downward, the immediate future outlook points to a recovery from the present exceptionally low level. (6) Conditions of supply may affect the comparatively few eompiodities which make up oiir export trade, more than monetary conditions,_ (so,, that prices for these .ccnniiiqdifiiesa may move to a less or groAßr extent than the general price level. (7) Wholesale prices' in New Zealand have not fallen to {he same extent. as export prices, and retail prices have “lagged” still• further liehind. ’ '.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11549, 28 January 1932, Page 5
Word Count
192TRADE CONDITIONS Gisborne Times, Volume LXXIII, Issue 11549, 28 January 1932, Page 5
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