EMPIRE TRADE
MR BALDWIN’S REVIEW. NEW ZEALAND FIGURES CHALLENGED. By Telegraph— Ttw. A*»oclatlon AUCKLAND, July 30. Commenting on the figures quoted at Ottawa by Mr Baldwin. Dr Neale, secretary of the Chamber of Commerce, said there was something seriously wrong. Mr Baldwin is reported as saying that Britain’s imports from New Zealand in 1930 were valued at £44,900,000, and the exports to New Zealand at £18,700,000. According to the 1932 Official Year Book, the figures were £36,000,000 and £21,000,000, showing an apparent balance of £15,000,000, not £26,000,000. Even £15,000,000 exaggerated the position, as much of New Zealand’s exports found their way to Europe. These re-exports amounted to some £7,000,000, so that the real balance of trade was about £8,000,000, not £26,000,000. It was difficult to see on what basis Mr Baldwin’s figures were arrived at. In the case of the Australian figures, Dr Neale said, according to the Commonwealth Year Book, Australia actually imported more from Britain than she sent there.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19249, 1 August 1932, Page 6
Word Count
161EMPIRE TRADE Timaru Herald, Volume CXXXVII, Issue 19249, 1 August 1932, Page 6
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