BRINGING MONEY FROM BRITAIN

Press, Volume LXXVII, Issue 23366, 27 June 1941, Page 6

BRINGING MONEY FROM BRITAIN

Minister Explains New Restrictions (P.A.) WELLINGTON. June 26. . “In the Gazette published to-night,” states the Minister for Customs (the Hon. W. Nash), "notice is given of two Orders-in-Council, the Customs Import Prohibition Order, 1941, No, 1, and the Customs Export, Prohibition Order, 1941, No. 1. The Import Prohibition Order prohibits the importation of money, currency, and certain securities, while the Export Order prohibits the exportation of gold, silver, and bronze coin. “Recently," said Mr Nash, “we have been advised by the United Kingdom authorities that persons leaving the United Kingdom would be issued with a certificate covering the money and certain securities which they would be permitted to take away with them from that country. The purpose of clause 10 of the Importation Prohibition Order in conjunction with the schedule is to prevent persons arriving in New Zealand, directly or indirectly, from the United Kingdom, from bringing into this country any gold, bullion, currency, or securities which the United Kingdom Exchange Control has not authorised them to take when leaving the United Kingdom, There is no restriction on the importation by travellers from the United Kingdom of money orders, postal notes, bills of exchange, travellers’ cheques, letters of credit, etc., which are—expressed in sterling—of the United Kingdom; but travellers bringing with them gold, bullion, securities, British or foreign bank notes, or currency—other than sterling—in the form of money orders, postal notes, bills of exchange, travellers’ cheques, etc,, will be required #to produce the certificate issued by the United Kingdom Exchange Control as evidence of their authority to take the items concerned out of the United Kingdom, Any item in excess of the amount shown on the United Kingdom certificate must be surrendered to the customs official concerned pending investigation of the legitimacy of its acquisition by the traveller. “Persons who'arrive in New Zealand, whether temporarily or permanently, may not negotiate any overseas currency except at a trading bank, and persons arriving to take up or resume permanent residence, are required by the Finance Emergency Regulations to offer to the Reserve Bank all overseas currency in their possession, and make a return to the Reserve Bank of all their overseas securities. “Opportunity has been taken,” continued Mr Nash, “to incorporate in the new orders the prohibitions dnd restrictions previously- in force covering the importation and exportation of gold, silver, and bronze coin, and the importation of bank notes of the Bank of England or of banks in Scotland or Northern Ireland.”