A—3

The following table gives details of revenue and expenditure each financial year for the past twentv years, together with expenditure on education, public health, and public works

27. Trade In the 1947 calendar year the value of both imports and exports reached record level, but this is undoubtedly the result of the general upward movement of prices rather than a quantitative increase. For the year, imports were valued at £253,243 and exports at £158,525, giving a total trade of £411,768. Foodstuffs comprised 33 per cent, of the imports and piece-goods and apparel of all kinds 14-3 per cent. For the 1946 year, respective percentages were 36-9 and 17-5. A large citrus crop brought exports of oranges to a higher level than the average for recent years. The price of copra has increased further and is now at a record figure of approximately £56 per ton f.o.b. Establishment and expansion of the local clothingfactory has resulted in a notable growth in exports of manufactured goods in recentyears. Comparative trade statistics for the last five years are set out below :

Cook Islands (other than Niue)

20

Subsidies and Revenue Expenditure Amount spent on Year. Grants from Obtained in of the New Zealand the Territory. Territory. Education. Health. j Public Works. £ £ £ £ £ £ 1928-29 17,857 20,313 37,994 • 9,631 8,724 3,814 1929-30 16,919 19,107 34,739 8,613 7,331 4,368 1930-31 17,483 22,888 37,852 9,499 4,658 4,905 1931-32 17,464 25,430 40,582 7,730 5,534 5,217 1932-33 13,850 27,458 40,896 7,891 8,482 2,724 1933-34 11,013 25,518 38,744 8,800 8,155 2 742 1934-35 11,343 26,468 41,430 8,115 8,965 2^163 1935-36 15,568 24,989 40,692 8,786 6,548 2,093 1936-37 13,816 30,268 42,713 9,318 9,179 3,307 1937-38 11,000 45,599 47,207 9,046 8,326 3,827 1938-39 22,112 27,967 58,016 9,306 12,380 5,995 1939-40 24,000 24,943 53,204 8,993 10,069 4,937 1940-41 24,000 26,889 48,345 9,332 10,940 3,709 1941-42 24,000 25,395 46,951 9,513 10,795 4,975 1942-43 19,000 29,748 47,857 8,989 10,370 2,967 1943-44 27,000 40,818 59,798 9,846 10,116 ! 5,504 1944^-45 79,469 40,228 120,239 10,707 16,202 10,153* 1945-46 43,669 49,337 93,017 15,035 31,429 8,230 1946-47 18,313 73,999 107,530 19,796 25,176 18.874 1947-48 70,991 78,773 147,106 25,644 29,398 33,147 * Excludes expenditure on airfield, £48,992.

— 1943. 1944. 1945. 1946. ■ 1947. Imports Values £ £ £ £ £ New Zealand 91^598 124,161 123,245 157,870 201,769 Australia 3,186 7,008 3,713 5,652 5,301 United Knigdom 3,043 17,768 11,693 18,504 23,647 Canada 58 622 135 1,191 2,743 United States of America 7,403 4,541 2,876 8,037 16,501 Other 1,917 1,130 2,408 4,342 3,282 Totals 107,205 155,230 144,070 195,596 253,243