TRADE WITH AUSTRALIA

Taranaki Daily News, 23 December 1930, Page 14

TRADE WITH AUSTRALIA

NEW SOUTH WAC.ES FIGURES,

i BALANCE AGAINST DOMINION. I . '•

Sydney,.NoV. .24:

Trade figures for New South Wales, for the year ended June 30 last show tjiatr the most profitable trade conducted within the Empire-was with New Zealand. They Dominion . took’ goods; worth: £2,6.13,616,/and sent across the Tasman in return- wares that were valued at only £753,489,. the tilt being favourable to the State to the extent of £1,860,127. ‘ 4 . If. every country with ..which New. South Wales trades could show a similar result there would be no depression, and Mr. Lang would not be scratching his head wondering where he. was going- to turn; for a loan. ■ The total trade of the State for .12 months was ■ valued -at £92,882,029, of which imports accounted for £57,120,222, and exports for £35,761,807. The visible result,. therefore, was £21,358,415, against the State. Exports from New South Wales to the United Kingdom represented a total value of £11,622,586, while imports : from Britain were valued at £22,189,125, so that there was .an .excess of goods inward . of £10,566,539. Even Canadian trade , showed a balance against the State of £1;202,832. " 9 ’.

Business with Belgium left - a favourable balance of £1,480,249, and with France the trade account showed an excess Jof £3,765,077. of exports ■ over imports, while dealings with Germany, resulted in an excess of exports valued at £886,954. In the aggregate, trade with non-Britdsh countries was valued at £45,648,618, including imports, £27,075,390 and exports, £18,573,228, the balance being against the State in the amount of £8,502,162. Exports to the United States were valued at £3,390,697, but. imports from that country were computed . at £13,946,799, making the ex-

cess of" inward goods £10,5.56,102—the bigbest balance in the .foreign schedule. Last ' month’s, exports were of a- total value of £3,030,065, which was an increase of £792,235’ on the September figure. Exports of wool during October- accounted for £1,506,518, .which was. £522,46.4 more than the sum contributed by that important item in the previous month.-. Of course, imports are now, . showing a heavy decline,, and.it should not be long before the balance is in favour 'of. the State. At the same time it must be years before the State recovers fully' from the trade shock it has received.