A RECORD YEAR

Sun (Auckland), Volume III, Issue 640, 17 April 1929, Page 10

A RECORD YEAR

NEW ZEALAND EXPORTS BIG EXCESS OVER IMPORTS A new high record in regard to exports is shown in the overseas trade returns compiled by the Customs office for the year ended March 31. Exports reached the record figure of £57,154,343, making an excess over imports of £12,048,478. THE exports last month totalled £7,596,558, or £90,945 less than for March, 1928. The imports were valued at £3,854,255. or £429.777 less than for March, 1928. The exports for the three months ended March 31 constitute a record. They are nearly £1,000,000 ahead of those for the first quarter of last year, when the total exceeded by £307,755 the previous record established in the first quarter of 1925. The excess of exports for the quarter amounts to over _ £12,250,000, compared with £11,500,000 for the corresponding period of last year. The position is shown in the following table; Jan.-Mar. 1929 1928. Increase Exports £24,102,572 £23,136,710 £965,862 Imports 11,851,889 11,632,29(1* 219,599 Excess £12,250,683 £11,504,420 £746,263 The phenomenal increase in exports is 1927-28 resulted in a new record for the period being established. It lias now been exceeded by £2.192,312, and since the imports show an increase of only £ 686,508, the apparent favourable balance has also risen to an exceptional figure. The surplus does not actually constitute a record, for in 1919-20 there was an excess of exports of £18,614,621. Hhat was due to the heavy shipments in 1919 of produce accumulated during the war time shortage of shipping, causing the valuation of exports, both in 1919 and in the fiscal year 1919-20 to exceed £50,000,000 for the first time. Ihe favourable balance is. however, easily a record for the period of 12 months to March 31 since the wa»* period. Following is a summary of t-he course of trade during the last eight fiscal years:— Excess of Exports. Imports. Exports 1921- £42,794,883 £25,986.060 £7,808,823 1922- 45,548,700 37,112,779 8,435,921 1923- . 51,652,606 44,401,756 7,250,850 1924- . 43,771,158 49,821,095 4,950,063 1920-26 48,697,587 53,025,856 *4,328,269 1926- 45,682,338 48,192,670 *2,510,332 1927- . 54,962,031 44,419,357 10,542,674 1928- . 57,154,343 45,105,865 12,048,478 * Excess of imports. GRAIN MARKET QUIET Press Association CHRISTCHURCH. Tuesday. The grain and produce market is exceptionally quiet tor this period of the year. Small orders are coming to hand out these in the aggregate represent a very moderate turnover. Potatoes provide the mam source of interest at the moment. April-May delivery is quoted ai os, f.0.b., s.i., or about £1 on tiucks, and July-September at £6 7s 6d Ihe future market may owe something of its strength to the hope that shioment to Sydney will be possible. The kurow on Saturday took 2,900 sacks ttorth. The Wingatui has since taken 1,800 fronl Timaru and 2,200 from Christchurch. Milling wheat shows little change, being quoted at 5s 8d a bushel, on trucks, for Tuscan. Hunters are quoted at 5s lOd to os lid. Fowl wheat is scarcely so firm, there being substantial offerings of shrivelled wheat, the rejection of which for milling is crowding the fowl offering. The oats market is lifeless. Little change is to be reported in values, but inquiry is practically absent. Up to 3s s£d a bushel, f.0.b., s.i., is quoted for A grade Gartons, and up to 3s 2d for B’s. Chaff is quoted at £3 15s a ton on trucks. Partridge peas are quoted at 5s a bushel on trucks, but export is not possible at this figure. Small seeds are at the figures quptecl last week. The demand for all classes is limited.

CHICAGO WHEAT MARKET (Australian and N.Z. Press Associationj Reed. 9 a.m. CHICAGO, Tuesday. Wheat.—May, 1 dollar 18 1-8 cents a bushel; July, 1 dollar 22 1-8 cents; September, 1 dollar 25i cents. MINING NEWS HAURAKI.—The manager telegraphed yesterday as follows: In cutting out for stoping timbers for the Stockwood reef 400 ft. level last night, 61b. of rich specimen stone was got from the hanging wall pug formation. OCCIDENTAL - UNA.—The manager reports: We are stoping northward on the No. 2 reef, which is looking well, with minerals 'and colours of gold still showing. The reef at this point is averaging about five feet in width. We have about 130 tons of quartz on hand ready for treatment:, and crushing is about to be commenced.

AN IMPORTANT REALISATION REMUERA, MOUNT ALBERT AND EPSOM FREEHOLDS A. C. CAUGHEY AND H. P. CAUGHEY ESTATES Attention is directed to an important auction of properties in the estates of the late A. C. and H. P. Caughey. The importance of the sale will be evident to all home-seekers or builders. Included in it is a business site in Hobson Street, close to the business area corner of Wellington Street; the beautiful and dignified residence situated in Remuera Road, at the foot of Mount Hobson, so well-known to all Aucklanders as “Dunholme.” This wonderful residence comprises 15 spacious rooms, two bathrooms with dressing room, kitchen, scullery and pantry; upstairs and downstairs balconies. The house stands in beautifully-timbered grounds, and commands a magnificent and unobstructed view of the Coromandel Range, Rangitoto, *liri Tiri, the Barrier, and the Hauraki Gulf. The situation and view of “Dunholme” is without peer in Auckland, or even in New Zealand. Four magnificent building sites in Remuera with frontages to Remuera Road, adjoining the residence, will be sold, together with four good building sites, ; *nd a large area of over three acres, with frontages to Ridings Road. Remu- « ra. In the best part of Mount Albert there are 11 choice home sites, with frontages varying from 55ft. to 80ft. to Mount Albert Road, Murdoch Road and Allendale Road. In Mount Roskill there are three sites in the Dominion Estate. H. P. Caughey’s estate includes five of the best elevated home sites in Epsom, with frontages to Quinton Avenue, Bingey Avenue and St. Andrew’s Road: also in Epsom are 16 choice level building sites, rich volcanic soil, sewer drainage, with front-

ages to Buekland Road, Mount Albert Road and Pegler Avenue (the Buckland Road bus passes the sections). Also valuable corner site suitable for business at corner of Mount Albert and Buekland Roads. There are also several fine building sites with frontages to Upland Road, Remuera. including two areas of half an acre each.

In view of the great interest which is certain to eventuate in this exceptional sale of properties, all interested are asked to take a careful note of the auction, which will he held on Wednesday, April 24. at 2 p.m., at the salerooms of Richard Arthur, Ltd., opposite the Town TTall. from whom plans •nd the fullest particulars can be obtained, 4