CAUTION URGED.

Hawera Star, Volume XLV, 25 May 1925, Page 3

CAUTION URGED.

WARNING TO TRADERS. The Dunedin. 'Ohamber of Commerce; after considering a report by the Imports and Exports. Committee, decided that, haring regard to the un-s-artas-. factory position\jf trade'in Great Britain, and the possibility of lower pr ices next season for our staple exports, all traders are recommended to exercise caution in respect to forward commitments.. This applies more particularly to imports, and especially to indents for luxury goods. For the‘year ending March :tl last, the value of our, exports was £54,771,000, while our inv ports amounted to £49.821,000, showing an apparent 'balance of trade in our favour of £4,950,000; hut against this we have to make payment for overseas., interest amounting to about £6.000,000, so that in reality the balance is against, usy There has been a, Certain amount of over-innpoirta.bion' during the last twelve months, which it is very desirable to avoid in future in view of the changing condition's of British industry, shrinkage of British, trade balance, and file adverse condition of the London money market. While issuing this warning, the Chains her of 'Commerce emphasises the necessity of placing a,s much business as, possible with British manufacturers in ’recognition of the fact that Britain is the. best, and, in "fact, the only market for our main export.