Taranaki Herald. WEDNESDAY, MAY 13, 1903. NEW ZEALAND'S TRADE.

Taranaki Herald, Volume L, Issue 12254, 13 May 1903, Page 4

Taranaki Herald. WEDNESDAY, MAY 13 , 1903. NEW ZEALAND'S TRADE.

tt/1/e New Zeaikifd^Ttfade-Rdviev/j furnished some ' "fi'ighl'y iiitere'^trngi the txade-ptuithea^e^lpiiy^ iTjhe, safer | ports 1 - 6f •••* produce £ 'rsHriug'"t'he -Yeas jj elided r^lst -March '^eYe?" VSLwId" ai j£i 5,O91 .898 ); ; a httle^ftver.. i&rpe jnil f • lions . . more 1. dfaan*.- di\i*uig y the prqr ;! vious' 'twelve inofltfts^Ttoes'(^ar<i j f'emark'ab'le' ' figifcrfeT; J JtfgsißitiHg tQ tlbi ! thought . ; tha^ '4 tfierje jbs v s^^ejining ?! abnormal* aboutMifchej. increase*,: But I beyond/ that -there -• may ; be sem6 overlapping bf '•' Avool j^port^, by which-, juss. qncjecL 1^ t qredited with ,a..,quantityl,of: .woal^lliat realfy -beings I to immh^ sfraeon, I it' appears iroin^ a'ii analysis 'that j the grow tli is io a yer,y . large ; ex- 1 terit ai'natitral one, xhfe: to the de-j velopiriient of the' colony's 1 ' procluctiye resources. At 'the same time there has . ibeen a „s ubstantial increase iii ' 'values of , leadings . staples. ■ Thus, while ;W6oi^h^S' ( |iiic»«vayc>l in i quantify ..rfroiri' ,'142? lmtlions ,pf ; pounds. to 166 millions iiic average; of Valnatibrr<f6r ihe year >i>as '^650! | per its [l'p.d t . Qgiiinkt y'&htvX tfae,*p"rc-! vious, j year n AgaJ*%*- .Jrbzen^ meat increased- "from i^tjSjxrfsl ' cwts to! 2, 1 454, 1 44tf" cWfs; ! thfe^'-aVue.'biing] 2.B*2ct j)er, lb\last , yedr as against! 2,47 d dn f the jpreyiaus period. . £>he, value of«/these»t\vo items}, ohd frozen meat, .totals ovfe* £eVen millions, wjliW, if tallow ail ct. sheepskins . are. adcjled ,wie .find, that 'the sheep accounts -ior fully a half of the 1 exports' of f the ! dolony. The item ,iie^c^ in. importance, is gold, which rior< t,he, firs.t : , ,-t}ime , in> about thirty jyears exceeds-; two -millions; Then cofries finUer';^hichis^ valued at, ,£1,268, 759,,. ;aii increase.' bl ahjOut 20 . per cent in quantity, and 1 nearly 30 per cent in 'value: Considerably less cheese \vAs exported, but the higher yalue : nearly , compensated for the. falling off, .: Hemp, showed a > marked increase, bbth in quantity and value' the f briiief^being " B2 per cent ; and the latter 114 per cent. Under, the headilng' , of grain, the principal item,, oate*'' decreased from ,£761,483,' to," £i26 ? J3$ y while wheat , .fell ', ,'tfrom -,Si£^S^77si »' >.' ito /28,76 b; maize, *on the other ha'tidj Potatoes deci^eased £$f}ffii to .£72,636. /The;, maitt ..staples, j however, showed a satisfactory, im- j piovcijieut, and there' fcgo'od *iea-j son to hope that the,'improvnn<;uti will be 'fairly maintained r> dv. ring j the current year; that, yh'ile > lower ' prices 'may have t6 be'.a^c^pited; for frozen meat arid butter," the j gain in wool will compettsr^te fcrj that. .^The . details supplied by \hc ] Trade Reviews show that \t he North ; Island, which in the year ended ] 3lst March f . 1902, was <cousKler*Vb"!y | behind the Soutlt, is hi th\> \<bur i just elided 'ahead again,' expojting £7->75?>574- worths voi^jprpd^^f^'as against j£7,328;4f46-by ' the • Smith Island. The , imports for 1 \hp cbioiiy, excluding specie.^ ajiiounte(I A in .the year just 'ended to £1 1*094, 728,, as compared ■ witlr including specie on bdth v,sit\ea,. the excess of exports amounted to

,£3,607,226, which should more than meet the colony's public and private, engagements in the way of interest on borrowed money. As long as this continues so the colony will be gaining ground.