DIRECTION OF TRADE.

Manawatu Standard, Volume L, Issue 253, 20 September 1930, Page 2

DIRECTION OF TRADE.

FIGURES IN REVIEW. Showing the direction of trade both as regards exports and imports for the years ending June 30, 1929, and June 30, 1930*, the annual report of the Palmerston North Chamber of Commerce states: — “It is interesting to note that so far as the exports are concerned substantial reductions are recorded in the yearly figures, the chief of which are: United Kingdom, £5,166,605; France, £1,303,810; U.S.A., £1,607,582. Canada is the only exception with a large increase of £1,193,6*88. “Turning to the import figures it is interesting to note that, although the yearly figures show a substantial increase of over £2,300,000, the figures for the quarter show a decrease of £340,000, ■ and it w most gratifying that the whole of this increase is accounted for by the falling off of imports from foreign countries; the imports from British countries having actually shown an increase of some £BB,OOO during the quarter. “The declared value of exports for the month of June is 17.3 per cent behind that for last month and 9.6 lower than that for June, 1929. The cumulative figure for the six months shows the huge recession of £7,990,000, while that for the twelve months past is down to £8)656,000. These huge declines are entirely due to decreased prices especially for wool, as record production figures are recorded in both tho pastoral and dairying industries.”