DECLINE IN TRADE

Waihi Daily Telegraph, Volume XXIX, Issue 8301, 23 April 1932, Page 2

DECLINE IN TRADE

AUSTRALIA AND NEW ZEALAND

COMMONWEALTH CONCERNED

STEPS FOR IMPROVEMENT

Australian an C M.Z. Oah'e.

CANBERRA, April 22

The serious decline in trade benvcon Australia and Mew Zealand for the past five years is causing concern to the Commonwealth Government, and investigation is to be made at an early date to discover a means of improving the position. Whereas in 1925-26 Australia exported goods worth £5,157,000 to

Mew Zealand, the total value of exports in 19110-31 had fallen to £2,970,000. A corresponding decline is evidenced in imports from New Zealand. One factor in the loss of trade by Australia is said to be New Zealand’s increased grain imports from Canada. The appointment of an Australian trade commissioned to Now Zealand is being strongly urged here. It is officially stated that Australia is losing trade in the Southern Pacific Islands due to New Zealand trade development. It is regarded as possible that a trade treaty with. New Zealand will be discussed after the Ottawa Conference.