Untitled

Taranaki Daily News, 18 October 1927, Page 8

A sale of special interest, which should not fail to attract a large attendance, is the absolutely unreserved dispersal of the late Mr. E. R. Hastie’s well-known herd. The cows are in splendid condition, about 117 being in milk. The remainder are close up. The young stock, horses, pigs, etc., ae well as the large offering of farm implements, are also in good order. This will probably be the last genuine dispersal sale to be held this year. For particulars see the auction columns, Farmers’ Co-op. Auctioneere.

A FAVOURABLE OUTLOOK. Trade returns to the end of September confirm the conclusion that New Zealand’s trade and commerce are on the way back to normal, For the year ending September 30 imports exceeded exports by £324,000, which is considerably better than the position at the same date last year, when the adverse balance was over .£3,000,000. During the nine months, January to September, this year, exports have increased by £570,000, while imports have fallen by no less than £3,720,000, and this despite lower prices for exports, notably dairy produce, during several months of this year. Owing to this fall in value the position as regards the proportion of imports and exports is not so favourable as during the first nine months of the preceding three years to 1926. For those years the average importation was equal to 86 per cent, of exports, while this year imports have been 89 per cent. Naturally the higher prices obtained lor ’butter and cheese are reflected in the returns for the September quarter, which show considerably greater progress towards trade recovery than the earlier months of the year. Last year in the September quarter exports rose to the highest figure for several years; this year the value is lower, but is more than compensated for by the contraction in imports. It seems evident, however, that importation is being brought more nearly into proportion with the lowered value of exports, and that real progress is being made towards better times. The trouble is by no means at an end, and economy in public and private administration of affairs was never more necessary. With indications favourable to an increased output of dairy produce, and for reasonable prices in the British market, there is justification for hope as to the future.