OVERSEAS TRADE

New Zealand Herald, Volume LXXIII, Issue 22351, 24 February 1936, Page 5

OVERSEAS TRADE

BALANCE WITH AMERICA RISE IN EXPORTS LAST YEAR ( DIFFICULT TO HOLD LEVEL Expansion in the total trade with the United States was a feature of j New Zealand's trade returns for the < past year. Exports amounted to ] 1'2,=168,000, in New Zealand currency, < an increase of £1,218,000, and imports ; to £4,362,000, an increase of £815,000. j The total volume of trade was , £6,830,000, compared with £4,797,000 in 1934 and the peak sinee 1930. The following table compares exports ; and imports for the past six years, to- . gather with the balance unfavourable to New Zealand: — Exports Imports Balance ; i'ooo X.Z. <£ooo N.Z. £OOO N.Z 1930 .. 2,117 7,715 -5,593 1931 .. 921 4,057 -3.13G 1 1932 .. 000 3.381 1933 .. 1,189 2.783 -1,594 1934 .. 1,250 3,547 -2,297 1935 . . 2,4fi8 4,302 -1,894 The export trade to the United States was the highest since 1929, when the value was £3,553,000. An analysis , of last year's exports shows the following notable increases:— 1935 1934 £ £ Butter .. .. 220,020 4,693 Moat .. .. 51,107 254 Wool .. .. 301,476 104,673 Tallow . . . . 339,858 39,897 Other principal exports, all of which showed increases were:—Sausage casings, £346,154; rabbitskins, £348,784; pelts, £528,979. Since the war, the highest level of importing from the United States was touched in 1920, when £11,100,000 was recorded. Until the last two or three years, imports remained high in comparison with exports, the average being about £7,000,000 or _ £8,000,000. The peak in exports was £7,456,000 in 1920, but in the following year exports were worth only £2,702,000 and the trade continued at a comparatively low level. The expansion in exports to the United States last year was encouraging, but it would be unwise to hope for much In this direction. The United States was suffering from the effects of drought and from a too-liberal killing of stock in previous years. It required foreign supplies of butter and tallow to tide it over an emergency. There is nothing to suggest that the trade, at the 1935 level, will be permanent. On the other hand, New Zealand is likely to continue to import largely from* the United States and it is probable that imports will expand as economic conditions improve in the Dominion. Vnder present circumstances, the volume of trade should tend again to swing further in United States' favour. GOLD AND SILVER QUOTATIONS IN LONDON (Received February 23, 5.5 p.m.) LONDON, Feb. 22 Fine gold is quoted to-day at £7 Is Old an oz., compared with £7 Is Id yesterday and on Thursday. Silver is quoted at 19|d an oz. spot and 193 d forward, compared with 20d and 19 13-16 d on Thursday. The quotation for silver at per fine oz. is 21 7-16 d, compared with 21 9-16 d on Thursday. BUTTER-FAT PAYMENT RUAWAI DISBURSEMENT [from our own correspondent] DARGAVILLE, Saturday An advance of 9§d per lb. for finest butter-fat is being made by the Ruawai Co-operative Dairy Company, Limited, for the month of January, as compared with 7Jd last year. During January, 179.5 tons of butter was produced, as against 189.3 tons during the same month of last year. To date 862.3 tons had been manufactured this season, compared with 981.2 tons for the same period last year. For the season to date £82,186 has been advanced, compared with £67,152 for the corresponding period last year. The figures for January were £15,817, compared with £13,072 for last January. NEW COMPANIES RECENT REGISTRATIONS Thtf following private companies hove been registered in Auckland^— J. H. Sorensen, Limited, sawmillers and timber merchants, etc. Capital, £SOO, in 500 shares of £1 each. Subscribers: J. H. Sorensen, of Kati Kati, 499; H. Grange, of Auckland, 1. Patterson, Thomson and Company, Limited, indent agents. Capital, £750, in 750 shares of £1 each. Subscribers: A. W. D. Patterson, of Auckland, 450; B. G. Thomson, of Auckland, 300. Registration of the following southern companies is announced in tho Mercantile Gazette: — PUBLIC Ailsa Stewart Tweeds, Limited, Christchurch. Capital, £I2OO, in 1200 shares of £1 each. Subscribers: Christchurch —J. H. Pickles, P. W. Henderson, C. H. Perkins, E. J. Gait, H. A. Gait, W. W. Wade, E. G. Wade, 1 share each. PRIVATE New Era Wire Tying Machine Company, Limited, Wellington. Capital, £IOO, in 100 shares of £1 each. Subscribers: Wellington—S. B. Davys, 50; Derbyshires, Limited, 50. Fielding Star, Limited, newspaper proprietors, Wellington. Capital, £2OOO, in 2000 shares of £1 each (1000 pref. and 1000 ord.). Subscribers: Fielding— E. Goodbehere, 250 pref.; F. L. A. Gotz, 750 pref. Pahiatua —G. Stephens, 360 ord.; L. T. Russell, 180 ord. Palmerston North —H. E. Taylor, 180 ord.; C. V. Day, 280 ord. Purity Bread, Limited, bakers, Wellington. Capital, £4OOO, in 4000 shares of £1 each. Subscribers: Palmerston North —H. E. Fairev, 3990; P. A. Fairey, 10. Hawke's Bay Buildings, Limited, builders, Napier. Capital, £BBOO, in £1 shares. Subscribers: Hastings—L. J. Harvey, 700; H. D. C. Harvey, 700; W. L. C. McLean, 2500; H. G. Harvey, 700; R. Paynter, 500; F. S. Sandy, 500. Haumoana —F. L. Gordon, 1000. Wellington —11. F. Blair, 500. Havelock North —H. C. Chambers, 1200; M. G. Bell, 500. Flax Textiles, Limited, dealers in and growers of flax, Wellington. Capital, £250 in 50 fully paid shares of £1 each and 200 contributing shares of £1 each. Subscribers: Wellington—W. T. Brown, 66; C. W. Bleakley, 68; L, A Murtagh, 66; K. O. Hale, 50 f.p. INCREASE OF CAPITAL Associated Motorists Petrol Company, Limited, Wellington. Capital increased from £135,000 in 130,000 pref. shares and 5000 ord. shares of £1 each to £155,000 by the creation and issue of 20,000 ord. shares of £1 each. REDUCTION OF CAPITAL Gisborno Gas Company, Limited. Capital reduced from £70,000 (in 60,000 ord. and 10,000 pref. shares of £1 each) to £53,402 (in 53,402 fully paid ord. shares of £1 each). Order of Court, December 17, 1935.