NEW ZEALAND WOOL FOR FRANCE
PROPOSED RATIFICATION OF AGREEMENT (N.Z. Press Association—Copyright) (Rec. 8.30 p.m.) PARIS. August 26. The French Assembly’s Economic Commission has recommended that the agreen ent for the purchase of New Zealand weol be ratified. [A financial agreement designed to facilitate the sale of New Zealand wool to France and making available to France a credit of up to £5.000,000 for the purchase of New Zealand produce during the five years ending June 30, 1952, was signed on July 2 by the Minister of Finance (Mr W. Nash) and the Minister of the French Republic to New Zealand (Mr A. Gazel). Mr Nash said the credit would be made available to the French Government to the value of one-half of the cost of the wool bought by French buyers, the reirairing one-half to be provided in the normal manner. The total advances were tG be repaid not later than December 31, 1957, with interest at the rate of 2J per cent.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19470828.2.131
Bibliographic details
Press, Volume LXXXIII, Issue 25274, 28 August 1947, Page 8
Word Count
164NEW ZEALAND WOOL FOR FRANCE Press, Volume LXXXIII, Issue 25274, 28 August 1947, Page 8
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.