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Waipa Post, Volume 48, Issue 3461, 3 May 1934, Page 8

In round figures New Zealand has £20,000,000 of accumulated exchange surpluses in London, a circumstance which does not alarm the Minister of Finance, the Right Hon. J. G. Coates, judging from a statement he made on the subject at Papakura recently. That England had more sheep than New Zealand 1 was a statement that surprised many persons, declared the president of the Canterbury Employers’ Association (Mr S. G. Holland), when he spoke to Canterbury College commerce students on Tuesday evening. He stated that he had recently been to a talking picture in which a Hollywood actor announced that he was going to New Zealand to buy a sheep farm. “You see, even in Hollywood we are regarded as sheep farmers with millions of sheep,” said Mr Holland. “So we have millions of sheep, but England has more than we have.” According to the New Zealand Year Book, 1934, Mr Holland is wrong, for the Dominion’s flocks at 30th April, 1933, totalled 27,755,966, while those of England and Wales were given as 18,476,000, and of Scotland 7,486,600, an aggregate of 25,963,500.