A little while ago we drew attention to the fact that if we were getting now the prices our wool obtained ten years ago, the value of our exports would be enormously increased. The following figures bear out this fact in a very striking manner :—ln 1875 the Colony exported 54,401,5401 b of wool, valued at £3,398,155 ; in 1885 the quantity exported amounted to 86,507,4311 b, valued at only £3,205,275. Calculated at the 1875 prices our last year’s wool export would have been worth £5,403,644, or £2,198,369 more than the value actually received. Surely this loss alone is sufficient to account* for all the depression. Let anyone picture the effect of the circulation and re-circulation of an additional 2J millions of cash in one year, and it needs no demonstration how vast a difference this would have made to every branch of trade.
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New Zealand Mail, Issue 765, 29 October 1886, Page 16
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143Untitled New Zealand Mail, Issue 765, 29 October 1886, Page 16
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