FOSTERING BRITISH TRADE.

New Zealand Herald, Volume LXIII, Issue 19508, 11 December 1926, Page 9

FOSTERING BRITISH TRADE.

•'ONE-SIDED DEVELOPMENT," MANUFACTURERS' VIEWS, The results of the efforts of the New Zealand Association of British Manufacturers and Agents to induce the public of the Dominion to buy more British goods are comprehensively outlined in the annual report. It states that there is a necessity for very thorough investigation to discover the reasons for the steady decline in imports from the United Kingdom and that it is a problem that mustbe kept in view by legislators when the '"next tariff revision is under, consideration.

"The Dominion continues to expand its business in volume of exports and also increases its borrowings from Britain," the report continues, "but it is obvious that development so one-sided cannot be expanded indefinitely with economic safety."

The reduced buying power of the community consequent on the lower prices ruling until recently for the primary products of the Dominion is reflected in nearly all the reports dealing with different. sections of trade. The value of the .Dominion exports for the nine months ending September 30, 1926, was £37,346,920, a drop of from the corresponding period in 1925. In the value of imports there was also a reduction, but this was only £830,439. The most serious aspect of the Dominion's trade was the steady decline in the percentage of business transacted with the United Kingdom. In 1909 the percentage was 6A, but since then it had dropped steadily. Last year it was 49 per cent., and from the figures for 1926 tho percentage would only be 46£. Particularising, the report states that British drapery and textiles are meeting with great competition from Continental and Eastern mai'kets. lia heavy piece goods, the business was equal to that of previous years, and the British manufacturers were fully alive to the requirements of the market.

The British manufacturer, although he is in conflict with an established local industry, is the largest shipper of boots and shoes to the Dominion, and in this line good business is being done. Importations of machinery have been very satisfactory. When Gfeat Britain was just getting into her stride and organising her works, the New Zealand imports increased in a most satisfactory fashion, but as soon as the coal strike was felt the figures for Great Britain fell. However, an improvement t?in the near future is confidently expected. EYom the point of view of the British manufacturer, the present position in the New Zealand motor market is unsatisfactory. The outlook for the present season is at present somewhat obscure; a regrettable feature during recent years has been the reduced shipments of vehicles from Great Britain. An improvement cannot be looked for until there is some reduction in price. AUCKLAND COMPANIES. FOUR NEW REGISTRATIONS. / ----------- Four private companies were registered in Auckland yesterday. Details are as follow: Williams Rental Cars, Ltd. Objects: To acquire the business of Williams Rental Carij, Ltd. (in liquidation), etc. Capital: £3OOO, in £1 shares. Subscribers: A. W. Williams, 2000 shares, and F. Newsome, 1000 shares.

Mounce and Sons, Ltd., contractors, excavators, quarrymen, etc. Capital: £3OOO, in £1 shares. Subscribers: J. Mounce, senr., 2998 shares; J. Mounce, junr., and F. J. Mounce, one share each. Alex. Grant, Ltd., motor-car dealers, etc. Capital: £IOOO, in £1 shares. Subscribers: A. J. Grant, 900 shares; H. Grant, 98 shares; T. G. Reynolds and W. Noton, one share each. Bricks, Ltd., brick and tile makers, lime manufacturers, etc. Capital: £7 in £1 shares. S. W. House, G. W. Cox, J. W. Dance, T. J. Cornelius,, J. R. Hetherington, A. H. Nicoll, and W. Parkinson, one share each. FROZEN MEAT PRICES. LONDON MARKET VALUES. Dalgety qpd Company, Limited, report having received the following cablegram from their London house dated December' 9:—Frozen meat: New Zealand prime crossbred mutton, Canterbury, heavy light 6 l-8d; North Island, heavy sd, light 5? The market is weak for spot and the demand is better owing tG cold weather. New Zealusd prime crossbred lamb, Canterbury, heavy 7£d, light 9 7-8 d; North Island, heavy 7d, light 9£d. The market is dull and the demand runs principally on heavy-weights. Quotation, New Zealand prime ox beef, hinds 4£d, fores 3id. The market is firm and the demand moderate. Good average quality crossbred lamb, Austra- ! lian, heavy medium Bd, light 9d. The market is tending downward and the demand is limited. Good average quality crossbred mutton, Australian, heavy 3£a, light 4d. The market is weak and the demand poor. Pork: Market weaker for spot. Nominal quotations, 801b. to 1001b., average, 10^d; 1001b. to 1201b., average, 9jd; baconers, 7£d to 3d. FEILDING STOCK SALE. [BY TELEGRAPH. —PRESS ASSOCIATION.] FEILDING, Friday. At the Feilding stock sales a medium yarding of sheep, consisting mainly of store, wetber and young owes, with an average entry of fat sbeep, met with u fair demand. Fat sheep did not eell as well as last week, but the majority of tlm stores offering showed a slight advance on last week's prices. The following prices were realised:— Fat shorn wethers, 18a, 16s 4d, 20s 4d, 20s 9d to 255; fat B.F. hoggets, 18s to 20b; fat shorn ewes, 153, 16s 2d to 103, Two to four-tooth wethera made 16s 7d to 18s; wetbera (4-tooth), 18s 9d; two-tooth ewes 17s to 293 7d. A good yarding of all classes of cattle resulted in a poor sale, practically all the store cattle being passed in. Fat cattlo showed a decided drop on late sales. Year ling Hereford cross heifers made 345: two year rough P. A. steers, £'4 13b: good quality fat heifers, £7 ss; good fat Hereford cows, £7 Is; good quality fat bullocks, £l2 83 6d; good fat F.A. cows. £<i 16s; fat P.A. heifers. £4 15s to £5 17s 6d; good fat cows, £6 8s to £6 15s; medium fat cows, £3 10s, £4. Ss to £5 2s 6d: rough mixed colours, bullocks, £5 Ms; forward empty cows, £2 15s; three and four-year Hereford steers, £7 2s Cd PROPERTY SALES. William A. Home, Ltd.. sold, a house of four rooms, situated at the corner of Oliphant and Summer Streets. Ponsonby. for £750 yesterday. A dairy farm of 77J acres, near Buckland station, wits bought in by th« mortgagee at £2200. Samuel Vaiie and Sons. Ltd., sold a bungalow of 5 rooms at No. 40, Tutanekai Street, Grey Lynn, lor £925, Two other properties were withdrawn from sale. A mixed farm of 100 acres situated miles from Manurewa station was sold yesterday for £l2Ol by the North Auckland Farmers' Co-operative. Ltd. A property of seven acres, near Albany, was bought in by the mortgagee. Several new subdivisions suitable for home sites, on the waterside of Hemuera, were offered by R. Smith, auctioneer, at the rooms of Rutherford. Robinson and Austin lust evening. The location of the sections is centred aboat Finlayson Avenue. a continuation of Roslyn Avenue, Remuera. A total of 19 sections were offered for aaie but in a number of cases bidding failed to reach the reserve. Two sites, 60ft. by 150 ft.. were sold for £425 and .£425 10s respectively. A larger section close to Roalyn Avenue brought £450, and on the opposite side of Finlayson Avenue two sections were disposed of for £458 and £525 each. Another two sections further up the road, with frontages of 60ft. and depths of 257tt. sad 278 ft., were sold for £BOO and £6oo respectively. In all seven sections were sold.