COMMERCIAL

Hokitika Guardian, 22 January 1932, Page 5

COMMERCIAL

BUTTER -MARKET,

N.Z. PRICE LOWERED

(By Telegraph—Per Press Association)

WELLINGTON, January 22,

Until the details of Germany’s tariff are announced, the butter traders are uncertain how 7 they will affect the market for Australian and New Zealand butter. The general opinion is that the results will not be serious.

Germany’s imports of butter from Britain during 1931, consisted mostly of Australian and New 7 Zealand butter, with a small quantity from the Argentine, while they only totalled 59 ,602 hun dre dwei gh t. It is not thought likely that the Danish butter imports to Britain, wiT. be much increased a.s a result of me changes. In the meantime, the market is inactive. Buyers are awaiting

developments. Australian and New Zealand show a decline of about 2s to 3s per hundredweight.

OVERSEAS TRADE

BETTER DECEMBER BALANCE

WELLINGTON, January 22

The figures for the overseas trade of New Zealand for the month ol December, 1931, show Diet I lie exports were valued at 125,333,1 At, ami tin* imports valued at- £1,793,658. V-nr the corresponding period ol 1930, the figures were: Exports .C 2,909,. r »(H ; and imports £3,147,962. For the period of twelve nmnlhs ended December I'M!I. the Domiimm exports were valued at L'3s, |.»3,023 and the imporls C2!,H12,9uH. her Em corresp'iidii'g twelve months ol 1939, the (igurcis were: E-mert'S £14.9 10,02; and imports £‘13.925.914. The values shown for exports are the declared f.o.b. values ;ii the terms of New /,< :lo nd currency, wlide the imports are valued on the basis of the values in the exporting countries, plus ten nor cent.