DECEIT UNCOVERED
Censors Of Letters Discover Evasion Tactics REFUGEES AND EXCHANGE Rec. 1 p.m. CANBERRA, this day. Efforts to defeat the exchange control regulations have been uncovered by the mails censorship. This was stated before the Commonwealth Parliamentary Censorship Committee by the officer in charge of Economic Control in the Treasury, Mr. P. W. Neate, who said that within three months of the establishment of the liaison between the censorship and the Commonwealth Bank, attempted evasions involving 1,500,000 dollars (£468,750) were uncovered.
Early in the war some of the, large, refugee class in Sydney started to use skilful methods to defeat Australia's exchange control. One method was to arrange that the dollars thev owned in the United States should not appear to be really theirs, but held for them by relatives in Europe. Another was to create trusts to hold dollars for them. On the information being received from the censorship, the Exchange Control authorities contacted the holders of American securities and caused tobe reported items to the value of 4,200,000. dollars (£1,312,500 Australian).
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Bibliographic details
Auckland Star, Volume LXXV, Issue 141, 16 June 1944, Page 5
Word Count
174DECEIT UNCOVERED Auckland Star, Volume LXXV, Issue 141, 16 June 1944, Page 5
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