BALANCE OF TRADE.
NOT SO GOOD AS LAST YEAR, The most convenient quarter at which to strike a balance of Ne\ V Zealand trade is that ending on March 31 (says the Evening Post), because up to then the greater part of the dominion’s primary products has been shipped and largely realised. The local wool sales are generally ended by March 31 and five months of the meat export period have elapsed. Dairy produce, 100, has been heavily shipped by the end of March, although exports continue to May. The trade balance at March 31, on the latest figures available, as compared with that of last year, was as follows:
Excess exports ..£4,956,063 £7,250,850 Imports will be over £5,420,000 more ill value this year than last, but consolation is to bo found in the fact that value of exports this year exceeds those of 1924 by £5,400,000. During this year the export figurop had a substantial lift from the high return from wool. The price of wool now tends sharply downwards.
March 31. 1925. 1924. ... £54.771,153 £51,652,605 Imports ... 49,821,095 44,401,756
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Bibliographic details
Otago Witness, Issue 3713, 12 May 1925, Page 53
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180BALANCE OF TRADE. Otago Witness, Issue 3713, 12 May 1925, Page 53
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