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EXPORT OF MONEY.

CONTROL MORE RIGID. ! NEW QUESTION FOR TOURISTS. Tightening of the regulations regarding the export of capital is evident in the new form of question now asked applicants for permits to remit money, abroad. Formerly asked whether they had any moneys held to their credit in the country to which they .wished the remittance' made, applicants are now required to declare whether they have any moneys or investments overseas. - I'ho position appears to be that people in such circumstances are expected to 'meet their expenses from overseas investments. Permission to send abroad remittances duo as calls on - shares held outside the. Dominion has been.refused since the restrictions came into force. Share; brokers are speculating how .this will affect the shareholders" concerned. . dleports that huge quantities of copper coin are being taken abroad because it is English currency are not regarded seriously by bankers and Customs officials." Banks state .that there has been no special demand for copper coin. Export of copper coin was prohibited by Order-in-Council in 1935. Travellers attempting to take any _ substantial sums will run a grave risk.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19390210.2.53

Bibliographic details

Auckland Star, Volume LXX, Issue 34, 10 February 1939, Page 8

Word Count
182

EXPORT OF MONEY. Auckland Star, Volume LXX, Issue 34, 10 February 1939, Page 8

EXPORT OF MONEY. Auckland Star, Volume LXX, Issue 34, 10 February 1939, Page 8