DOMINION PRODUCTION

Wanganui Chronicle, Volume 74, Issue 143, 19 June 1931, Page 11

DOMINION PRODUCTION

OVER £118,000,000 IN 1929-30 DECLINE FROM RECORD FIGUKft GROWTH OF MANUFACTURES A decline of 6 per cent, in the value of production in New Zealand is shown by the estimate for .1929-30 compiled by the Government Statistician. The comparison is made with the record figure for J 928-29, but the latest estimate H also lower than that for 1927-28, and is almost identical with that for 1924Previous estimates have been revised, with the effect of reducing all the earlier totals. Ono result is that 1922 23 (instead of 1920-21) is the first year credited with production exceeding £100,000,000. Tho latest estimation compares as follows with the revised

The outstanding feature is the decline of 20 per cent, in the value of pastoral products, while there were falls of 5 per cent, in agricultural products and of 2 per cent, in dairying, poultry and bee production. The total for the three farming groups fell from £82.000,000 t»? £72,200,00'». The corresponding totals for 1926-27 and 1927-28 were £66,900.000 and £76,900.000. Estimates in these groups are based on export values, and therefore include value added to primary production between tho farm and the port of shipment. The estimate for mining productions is only’ £5OOO below the previous record of 191 S-19. Fishery production is the highest for recent years, though below the reeord of £584,900 in 1925-26. Forest. products exceeded £5,000,000 hi 1924-25 and 1925-26, so that tho latest figures represent a considerable contraction from that period. Value of production from factories is based on the value added to materials by the process of manufacture. The estimates show an annual increase extending over eight years in tho factory products group—from £18.420,000 in 1922 23 to the record of over £25,000,000 for 1929-30. The highest figure in the builders, labourers and industrial workers’ group was £13,877,000 in .1926-27. After » decline for two years, a substantial in crease is shown by tho lat«*st xalualion

figures for the preceding live years: - 1924-25 .. .. .. £118.117,000 1925-26 .. .. .. I11.7O7.OOO 1926-27 .. .. .. 112,095.000 J 927-28 .. .. .. 119,892,000 1928-29 .. .. .. 125,304,000 1929-30 .. .. .. 118,172,000 Separate estimates are given for eight divisions of production. Those for the last two years compare as follows: — Agricultural 1928-29 1929-30 £9,375,000 £8,87-1,000 Pastoral .. . 42.320,000 33,057,000 Dairying, poul trv, bees 30,411,000 29.684.0"0 Mining .... 3.499,000 3.589,000 Fisheries .. . 451.000 554.000 Forests .... 2.128,000 3,338,009 Factories .. . 23,700.000 25,034,000 Builders, etc. . 12,418,000 13.442,000