AMERICA AND THE WAR.
A GREAT LENDING NATION; •
Speaking at the half-yearly meeting' of the Bank of New Zealand yesterday; the chairman (Mr Harold Reauehamp) pointed out "the war has effected a tremendous change in the financial position of the United States relatively to the rest of the world. America has, for the time being, become a lending cation, and having regard to the wonderful expansion of .. her exports: to Great Britain and.other countries, one does not wonder at the amazing growth of her wealth. Note these figures. In the mouth of September, American exports made a new record, whom £102,570,000 worth of goods were sent abroad. The exports were greater than ever before in one month, and exceeded the previous record made last August by about £600,000. In announcing these statistics, the Department of Commerce pointed out that American export trade was approaching the £1,000,000,000 mark: the total of exports for the 1- months ended 30tb September was £99-1,390,006,- exceeding - that for the same : period the year be-'' 'fore by £358,900. 'The net inward gold movement aggregated £17,143,000 for September and £91,207,000 ; for the year ended 30th September. Last year the figures were £8,000,000 and £41,089,000 respectively, the net inward gold movement having doubled in one year."
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Northern Advocate, 9 December 1916, Page 2
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208AMERICA AND THE WAR. Northern Advocate, 9 December 1916, Page 2
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