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Grey River Argus, 12 February 1926, Page 5

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MINIS IERIAL WARNING. AUCKLAND. February 11. hi a *|mt( h at Txaiiaia, the Hon. A. 1). Ah Leod said, morning, that New Zealand was the greatest trading countiy in ibe world t’er her size; and the latest figures showed tha t £lOB a year wa s the trading; fgure for every woman, man and child, (luring the calendar year just closed. Primary products comprised about 96 per cent of the total export. There had been favourable balance in the trading account of about £3,060,000; but considering that we had |O find about £5,000,000 a year in London to pay interest on the money borrowed to aid the development of the country, there would have to be a larger margin between the imports and the exports if the country was to be prosperous. There should, at least, be enough to provide interest on payments in London. 'The Minister continued: “I know that from what we are getting at the present lor wool and mutton, will show a decrease on one year of not less than £10,000,(0). where are we going to make up that sum? The work must devolve upon tlios e interested in dairy farming, and I do not know whether you can do it. despite what you have done in the past. These matters are of grave moment to the Government, as well as t > settlers throughout New Zealand. I do not want you to think that I am a pessimist but if people are going to liv e extravagantly then you will find that the Government will be extravagant too.' 5 THE STOCK MARKET. WELLINGTON, TVb. 11. Sales of New Zealand Breweries bunds are quoted at £l/6/-, shares £2 18/9. LONDON, February 10. At the t ;, lhnv sales, 1261 casks were offered, and 231 were sold about 6cl decline. Line mutton fetched 45s 3d. medium 40s; line beef 41s 6d. me dium 39s per cwt.