AUSTRALIA’S TRADE FIGURES

Hauraki Plains Gazette, Volume VLI, Issue 3420, 16 December 1935, Page 5

AUSTRALIA’S TRADE FIGURES

VALUE OF EXPORTS DECLINE In the first eleven months of the financial year which has just closed Queensland sent from her ports goods valued at (Australian currency), while in the same period cargoes valued at £5,790,511 (English currency) were unloaded from overseas and interstate vessels. The value of direct overseas exports was thus approximately £7,737,908 (English currency) in excess of imports. These figures do not however, include goods brought overland from other States or vice versa. Compared with exports in the first 11 months of 1933-34, exports in the financial year under review were worth nearly £2,000,000 less.. The decline is due to the drop in the value of wool shipments which were £2,754,132 less, although the number of bales sent from Queensland ports increased by 59,009. In Victoria the higher import figures may be taken as a sign of improving business. For the eleven months of the current year they increased by £4,151,000, making the total for the period £24,465,000. Much of the imports consists of raw materials, partly manufactured goods, machinery and equipment,: used in local secondary industries. For example, textiles (not apparel) consist largely of piece goods used in the local clothing trade, while motor chassis, which increased by £500,000, are equipped after arrival; in Australia with bodies and tyres, of local manufacture.