OVERSEAS FUNDS.
FEW REMITTANCES. ONLY EXCEPTIONAL CASES. BANK'S NEW REGULATIONS. (By Telegraph.—n-ess Association.) CHPvISTCHURCH, Friday. Holders of permits to send funds overseas have been informed that for the next month or two remittances will not be possible in any but exceptional cases. The banks have reported this restriction to commercial firms. Holders of permits to send money away, who have not made use of their permits or have only partiv used them, are required under the new regulations to have their permits re-submitted to the Reserve Bank. Firms are required to submit details of the total amounts they still desire to send away to meet their minimum requirements, and to set out also the amount they wish to send each month, and the month or months in which they wish to send the money. Further remittances under unused or partially used permits will not be possible until an application is made to and approved by the Reserve Bank.
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https://paperspast.natlib.govt.nz/newspapers/AS19390729.2.149
Bibliographic details
Auckland Star, Volume LXX, Issue 177, 29 July 1939, Page 15
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158OVERSEAS FUNDS. Auckland Star, Volume LXX, Issue 177, 29 July 1939, Page 15
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