CEYLON CURBS IMPORTS
ATTEMPT TO RECTIFY TRADE BALANCE
‘Rec. 7 p.m.) COLOMBO, August 23. The Government of Ceylon has withdrawn all open general licences for purchases from non-sterling countries. The order is intended to save 40,000,000 dollars. Sir Oliver Goonetilleke, Financial Secretary to the Government explaining the decision, said that Ceylon wished to help in tiding over Britain’s financial crisis, and to rectify her own badly adverse trade balance. The Government was restricting the use of dollar exchange in the case of outstanding orders, while new licences for imports from non-sterling areas would be confined to food and other essential items. The Government was preparing a comnrehensive plan covering imports from all areas. More drastic action to adjust Ceylon’s growing adverse trade balance would be inevitable
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19470825.2.75
Bibliographic details
Press, Volume LXXXIII, Issue 25271, 25 August 1947, Page 7
Word Count
126CEYLON CURBS IMPORTS Press, Volume LXXXIII, Issue 25271, 25 August 1947, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.