NEW ZEALAND'S EXPORTS.

Horowhenua Chronicle, 21 June 1929, Page 5

NEW ZEALAND'S EXPORTS.

A BANKER’S SURVEY. (Special tc Chronicle.) WELLINGTON, This Bay. Interesting references, were made by Sir George Elliot, chairman of the Bank of New Zealand, at the annual meeting to-day, to the Dominion’s exports last year. BUTTER AND CHEESE. He said the year had seen a steady development in the dairying industry. Weather conditions' have been favourable; top-dressing and better methods of cultivation have been more widely adopted; and the responding pastures have never, molted better. As a consethe yield of butter-fat products this season has been a record and prices have been satisfactory. Apart from the amount consumed locally, 80,278 tons of butter weie exported, valued at £13,141,494 for the year ended March last compared with 78,915 lons valued at £11,9(54,431 for 1928. ""heese exported totalled 85,458 tons, valued at £7,296,804, compared with 78,222 tons valued at £6,092,900 the previous year. Butter-fat products have taken pride of place in the Do minion’s export trade, and everything possible should be* done to maintain the quality, for it is on quality that the future of the industry depends.

LAMB AND MUTTON. The total weight of frozen lamb exported was 91,432 tons valued at £6,711,865 against 91,864 tons valued at £6,494,880 for the previous year. The export of mutton shqwed a fall-ing-off both in price and quantity as compared with last year. Flu- relative figures were 47,946 tons valued at £,- 609,131 as against 54,521 tons valued at £2 ; 070,709. Theio has been an unsatisfied demand throughout the season for breeding ewes.

WOOL. Realisation of the Dominion’s wool clip was oatisfactoiy although quantity and prices were lower than those of last year. 035,083 halos were exported 1o the value of £15,570,201, compared with 723,708 bales to the value of £16,091,385. EXPORTS AND IMPORTS.

The total exports for the year ended 31st March last amounted to £57,154,343 with imports of £45,'105,805’, compared with exports of £54,902,031 and imports of £44*419,357 for the previous year. Of the exports: £41,455,078 were sold to the United Kingdom; £6,912,981 to other parts of the Empire; £8,780,284 to foreign countries. Of the imports; £22,439,570 came from the United Kingdom; £9,971,686 from other parts of the Empire; £12,694,609 from foreign countries. The favourable trade balance is reflected in the figures of the various Baulcs which, show, as compared with the previous year, on aggregate increase of £289,374 in advances and an aggregate increase in deposits of £5,387,200. _______