TRADE AND FINANCE
HEW ZEALAND STATISTICS (Special to "Northern Advocate."') WELLINGTON, This Day. The Minister in Charge of the Government Statistician’s Department, the Hon. A. Hamilton, quoted at Takaka official details of New Zealand’s overseas trade in the year ended December 31, showing an excess in the value of exports over imports of £15,425,000, on the basis of New Zealand currency. The excess on the sterling basis was £12,340,000. The Minister declared that, as the Dominion’s overseas interest and other liabilities amounted approximately to £10,000,000 sterling annually, the present accumulation of London funds was not excessive, for, on the basis of the export trade it was a surplus of about £2,225,000, not £5,000,000,. as critics of the high exchange; suggested.
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Northern Advocate, 5 February 1934, Page 11
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120TRADE AND FINANCE Northern Advocate, 5 February 1934, Page 11
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