PAYMENT FOR IMPORTS

Press, Volume LXXV, Issue 22768, 21 July 1939, Page 13

PAYMENT FOR IMPORTS

Application Forms For Money NEW SYSTEM ANNOUNCED BY RESERVE BANK (P3ZSS ASSOCIATION TELIOEAM.) WELLINGTON, July 20. •The Reserve Bank of New Zealand, announces that in order to provide in as satisfactory a manner as possible for the requirements of the Dominion, forms of application for remittances in payment for licensed imports are. being distributed to the trading banks throughout the country. Importers desiring to remit in respect of imports licensed for the first or second half of the current year should therefore make the necessary application for overseas funds through their bankers on the form provided for the purpose. In order that the importers concerned may not be involved in unnecessary delay in completing their arrangements, applications should be submitted at the earliest possible moment and in no case later than Wednesday, August 2, 1939, except where thq relative import licences nave not been received by that date. Applications for remittances for purposes other than payment for licensed imports will continue to be received as hitherto, bift holders of unused or partially used permits who desire to remit are requested to arrange with . rhffr bankers for the relative forms to be submitted to the Reserve Bank in order that the approximate dates when such remittances can be provided may as far as possible be decided. It is understood that arrangements have been made for the forms to be available by the beginning of next week, even at the more distant branches of the trading banks.

LONDON METALS MARKET COPPER, LEAD, AND SPELTER EASIER

WAR LOAN FALLS SHARPLY ‘ LONDON. July 19. . Wfur Loan, 3J per cent., is quoted at *9O 12# fld. a M of £2 4s 3d.

LONDON. July 19. July 18. July 19. £ s. d. £ s, d. Copper- . 42 18 14 Standard, spot 43 1 10i Forward 43 8 li 43 4 44 Electrolytic .. 49 2 6 49 0 0 to 49 10 0 49 10 0 Wire bars .. 49 10 0 49 10 0 Lead— Spot 14 10 44 14 16 104 Forward ; 15 1 3 14 18 14 Spelter14 3 9 Spot 14 6 104 14 10 74 14 8 14 Tin— Spot 229 18 0 229 18 9 „ Forward 229 3 9 225 3 9 Silver— Standard, per 163d Wld . OZ. ' . Fine, per oz. 18 l-16d 18 l-16d: