LIMITING REMITTANCES.

Auckland Star, Volume XLIX, Issue 128, 30 May 1918, Page 5

LIMITING REMITTANCES.

i REGULATIONS GAZETTED. The latest issue of the "Gazette" contains regulations restricting the remittance of money from the Dominion for the purpose of investment abroad. The Acting-Finance Minister, the Hon. Arthur JL Myers, states that the Imperial Government had found it necessary to issue regulations under the | Defence of the Realm Act, making it I ilk-gal for any person resident in the I United Kingdom, without the permission of the Treasury, to send any remittance [out of the United Kingdom for the pur- , pose of subscribing to any loan issued ! outside the United Kingdom, or for the 1 purchase of stock or other securities other than merchandise, if the securities !Iwere not in the United Kingdom. The (Government of New Zealand has considered there regulations with a view of I applying the same principle to persons j residing within this Dominion, and, accordingly, a set of regulations had been drafted by the law officers of the frown on the same lines as those promulgated in England. The effect of the New Zealand regulations, therefore, was !to prevent any person in New Zealand sending any sums of money exceeding . CloWro.it of the Dominion without the Consent of the Minister for FmM£« ! cept in cases where the money ja»» IferVed in the ordinary course ****%& for the purchase of ?**£%■ JR. | regulations were afco drawn i way as to prevent a « -New Zealand i person non-resident in >«*:£*, of money for investment abroad. |. Mr. Struan = of the NZ. 2*2?£rS&S3**» 'chief draughtsman iwtnrfcteways, has been »??<££• = Traßr ww mana-er oi the H?"' 30 reari Mr. Hohertson was f****°: Ctapacy.