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Wednesday, 30 May 1928

Mr BRUCE - On the 17th. May the honorable member for Wannon (Mr. Rodgers) referred to the balance of trade with New Zealand in 1926 as compared with 1928, and I promised to have a return prepared showing the variations of trade during the last two years. I now desire to furnish the following particulars relative to the trade between the two countries, as disclosed by the records of the Department of Trade and Customs during the period 1922-23 to 1926-27 :-

It will be observed that the balance in favor of Australia has declined in latter years, this unfavorable position being caused not only by diminishing exports from Australia, but by increasing imports from New Zealand. The following table shows the value of the principal imports from New Zealand: -



Although many items have been subject to variation, the chief factors in the diminution of the balance in favour of Australia have been on the one hand the decreases in the exports from Australia of wheat, tobacco, sugar, apparel, piece goods, rubber manufactures, leather and timber, and on the other hand, the increases in the imports from New Zealand of butter, potatoes and flax and hemp.

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