H.—44,
Trade Treaty. —Some extensions to the trade treaty with Canada were made as the result of Hon. Mr. Nash's visit to Canada in July, 1937, and, of these, reductions in the duty on meats, canned meat, hops, canned whitebait, Karitane products, and edible gelatine should improve our sales in Canada of these products. On Ist March, 1938, the Trade Agreement (Canada) Order 1938 became effective, increases in duty oil certain goods the produce of Canada being made with a view to protecting our local industries. TRADE WITH: UNITED STATES OF AMERICA. The total trade with the United States is set out in Table XII hereunder, and the increase of almost £2,000,000 in the value of our exports is very gratifying. Imports increased by £1,434,760. The United States took 7-19 per cent, of our total exports in 1937, as against 5-07 per cent, in 1936, while 12-39 per cent, of our total imports were of American origin, compared with 12-52 per cent, in the previous year.
Table XII. —Total Trade with United States.
From official Washington statistics Table XIII has been compiled, and from that it may be seen that in 1937 the predominating credit enjoyed by the United States was very materially reduced, being only $1,619,000, or approximately £(N.Z.)400,000. Indications during the first two months of 1938 are, however, that imports from New Zealand are in value only 20 per cent, of 1936 figures, however, due to the recession now' apparent in that country.
*Table XIII.—Total Trade with New Zealand.
Imports comprise a wide range of manufactured goods, and of these the most important is machinery, £2,168,004, an increase of £799,233 over 1936 figures. Table XIV below sets out the principal exports from New Zealand, and of these it will be seen that wool accounts in a large measure for the growth in our exports to the United States. Sheep-skins without wool present another marked rise. Butter has fallen considerably, as also have the exports of seeds, tallow, and rabbit-skins.
Table XIV. —Principal Exports.
2 —H. 44.
9
j Year ended 31st December, Exports to the ! Imports from the j Excess of Imports United states. United States. | over Exports. £(N.Z.) £(N.Z.) £(N.Z.) 1931 .. .. .. 920,931 4,227,550 3,306,639 1932 .. .. .. 690,015 3,565,846 2,875,831 1933 .. .. .. 1,188,972 2,952,009 1,763,037 1934 .. .. .. 1,250,364 3,749,559 2,499,195 1935 .. .. .. 2.468.066 4,534,086 2,066,994 1936 2,877,752 5,525,431 2,647,679 1937 .. .. .. 4,796,039 6,960,191 2,164,152
Exports to Imports from New Zealand. New Zealand. S $ 1933 .. .. .. 8,229,000 4,793,000 1934 ., .. .. 12,999,000 5,592,000 1935 .. .. .. 15,610,000 10,359,000 1936 .. .. .. 19,499,000 11,572,000 1937 .. .. .. 23,876,000 22,257,000 * From official statistics supplied by the Department of Commerce, Washington.
Commodity. j 1934. 1935. 1936. 1937. TTT , £(N.Z.) £(N.Z.) £(N.Z.) £(N.Z ) w ° o1 ■■ •• •• ■■ 104,005 302,476 660,777 2,281,082 Tallow •• •• •• 39,907 339,858 77,993 12,583 Calf-skins .. .. .. .. .. 43,684 56,931 86,240 180,123 Cattle-hides .. .. .. .. 17,360 32,766 30,567 65,063 Rabbit-skins .. .. .. .. 187,287 348,784 642,932 399,925 Sheep-skins, with wool .. .. .. 43,862 41,414 114,883 186,825 Sheep-skins, without wool .. .. .. 372,824 528,778 814,588 1,167,018 Sausage-casings .. .. .. .. 312,626 345,279 178,906 304,011 Grass and clover seeds .. .. .. 33,066 44,377 61,056 14,194 Butter •• •• •• •• 4,693 226,020 102,353 11,694 Kauri-gum.. .. .. .. .. 18,426 25,325 22,462 48,095