8. During the year exchange fluctuated from an average of 1s. 113⁄4d. in January to 1s. 53d. in December, and with a view to the better illustration of the trend of the trade of the Colony the following tables have been prepared in terms both of sterling and local currency:---

Imports (in £'s & $'s millions).

1923 1924 1925 1930 1931 1st Quarter £ 14.7 19.3 16.3 X 9.0 $130.7 165.4 139.7 X 186.9 2nd Quarter £ 15.2 17.1 14.5 9.2 8.7 $131.5 144.0 128.9 131.3 180.1 3rd Quarter £ 14.3 19.2 X 10.1 9.0 $127.1 161.7 X 156.8 182.3 4th Quarter £ 17.8 16.5 ... X 10.3 $155.3 136.6 X X 188.4 Total £ 62.0 72.1 30.8 29.6 38.5 $544.6 607.7 268.6 455.5 737.7

Exports (in £'s & $'s millions).

1923 1924 1925 1930 1931 1st Quarter £ 13.9 18.3 15.2 X 6.8 $123.5 156.8 130.3 X 140.1 2nd Quarter £ 16.3 15.2 14.1 7.4 6.4 $140.9 128.0 125.3 105.9 132.5 3rd Quarter £ 14.0 17.2 ... X 7.3 $124.4 150.1 X 113.7 130.6 4th Quarter £ 17.2 14.6 ... X 8.5 $150.1 122.9 X 137.2 138.7 Total £ 61.4 63.6 29.3 23.2 28.9 $538.9 536.0 255.6 356.8 541.9

x No statistics available from July 1925 to March 1930.

Note: Average rate of exchange 1923-2s. 3¼d.;

1924-2s. 4¼d.;

1925-2s. 3¼d.;

1930-1s. 3¼d.;

1931-1s. 0¾d.

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