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3

H.—44

The actual figures are set out in the following table : —

It will be noticed that while the quantity of butter and the number of pelts exported show decreases of 5,969 cwt. and 128,656 respectively, the values of these commodities increased during the period by £387,434 and £214,470, due to better prices being received. The direction of our export trade is of interest. The following table records the values of our main markets in 1925, 1926, 1927, and 1928 : —

This table so far as it relates to the statistics for 1928 is satisfactory in several respects, particularly so in regard to the increased value of sales to Great Britain, to Canada, and to the United States. The declining proportion of our trade with the United Kingdom as compared with our total trade, to which we have previously referred, appears to have been maintained, and is demonstrated in percentages in the following table. The favourable position of our trade with Canada is most reassuring, and is dealt with in more detail in another section of this report. The following percentages show the proportions of our total exports taken by our leading customers in 1925, 1926, 1927, and 1928

Item. | 1927. j 1928. Increase. Decrease. Butter .. .. Cwt. 1,455,539 1,449,570 .. 5,969 Cheese .. .. „ 1,492,792 1,567,272 74,480 Beef (frozen).. .. „ 425,823 699,274 273,451 Lamb (frozen) .. „ 1,720,906 1,832,079 111,173 Mutton (frozen) .. „ 1,051,243 997,420 .. 53,823 Hides and calf-skins .. No. 1,171,933 1,201,147 29,214 Rabbit-skins .. Lb. 2,128,990 1,868,743 .. 260,247 Pelts .. ..No. 8,945,923 8,817,267 .. 128,656 Wool .. .. Bales 645,254 657,849 12,595 Tallow .. .. Tons 23,875 25,748 1,873 Kauri-gum .. .. „ 4,674 4,394 .. 280 Gold " .. .. Oz. 130,171 118,722 .. 11,449 Sausage-skins .. Lb. 3,445,350 3,771,636 326,286

— 1925. 1926. 1927. | 1928. British Possessions, Protectorates, &c.— £ £ £ £ United Kingdom .. .. .. 44,073,323 35,102,087 36,877,887 40,510,075 Australia .. .. .. .. 2,502,113 3,054,433 3,665,962 3,402,655 Canada .. .. .. .. 423,068 861,717 1,666,598 2,469,150 AH other British countries .. .. 594,128 508,380 551,130 873,783 47,592,632 39,526,617 42,761,577 47,255,663 Foreign Countries and Possessions — United States of America .. .. 4,349,758 3,818,232 2,681,091 4,260,315 France .. .. .. .. 600,814 681,668 1,008,291 1,800,897 Germany .. .. .. .. 1,614,090 364,629 1,139,654 1,290,071 All other foreign countries .. .. 1,104,978 884,429 905,741 1,581,535 7,669,640 5,748,958 5,734,777 8,932,818 Totals, all countries .. .. 55,262,272 45,275,575 48,496,354 56,188,481

1925. 1926. 1927. 1928. ; . - . - £ £ £ £ United Kingdom .. .. .. 79-76 77-53 76-04 72-09 United States of America .. .. 7-87 8-43 5-53 7-58 Australia .. .. .. .. 4-53 6-75 7-56 6-05 Canada 0-77 1-90 3-41 4-39 France .. .. .. . . 1-07 1-51 2-08 3-20 Germany .. .. .. • • 2-92 0-80 2-35 2-30 Belgium .. .. .. .. 0-35 0-38 0-34 0-54 Japan .. .. .. .. 0-42 0-36 0-52 I 1-17