120 



Transactions. — Miscellaneous. 



progress of our export trade, then, has not really been nearly 

 so chequered as the ordinary statistics would generally 

 suggest. 



It will further be noticed that the increase in the general 

 exchange values of the exports during the last few years has 

 been less rapid than that of the nominal values, which in- 

 dicates that part of the increase in our exports is only ap- 

 parent ; increased prices and the fall in the purchasing-power 

 of gold would diminish the amount of commodities purchas- 

 able by the exports or the credit assigned for the same. 



Imports. 



The following table indicates the application of the method 

 to the imports of New Zealand : — 



1880 

 1881 

 1882 

 1883 

 1884 

 1885 

 1886 

 1887 

 1888 

 1889 

 1890 

 1891 

 1892 

 1893 

 1894 

 1895 

 1896 

 1897 

 1898 

 1899 

 1900 



Nominal Values. 

 £ 



6,162,011 6 



7,457,045 7 



8,609,270 9 



7,974,038 8 



7,663,888 8 



7,479,921 9 



6,759,013 8 



6,245,515 8 



5,941,900 7 



6,308,863 7 



6,260,525 7 



6,503,849 7 



6,943,056 8 



6,911,515 8 



6,788,020 9 



6,400,129 9 



7,137,320 10 



8,055,223 11 



8,230,600 11 



8,739,633 11 



10,646,096 12 



Gentral Exchange 

 Valiif-s. 

 (1880)£ 

 162,011 

 720, 



019 

 557 

 874 

 142 

 620 

 082 

 469 

 710 

 651 

 949 

 985 

 944 

 481 

 084 

 296 

 433 

 317 

 310 

 491 



240 

 208 

 120 

 008 

 144 

 216 

 448 

 792 

 824 

 776 

 128 

 152 

 320 

 648 

 064 

 440 

 224 

 064 

 112 

 424 



This table is illustrated graphically in Plate XIII. 



The nominal values of the imports show a considerable 

 depression for many years after 1882. The value for that year 

 was not exceeded until as late as 1899, while the value for 

 1888 was less than that for 1882 by 31 per cent. 



The general exchange values of the imports, however, 

 show a much greater approach to regularity, though not one 

 as marked as in the case of the exports. There is a slight 

 depression- in the general exchange values between 1882 and 



