£10m Gold For I.M.F.
(N.Z. Press Association) WELLINGTON, July 4. The New Zealand Government will have to contribute between £lom and £llm in gold if it decides to join the International Monetary Fund, according to official sources. The Minister of Finance (Mr Lake) said last night that under present draft proposals New Zealand's proposed quota on joining the fund would be £44,600,000 Under the fund’s rules 25 per cent, of the quota has to be paid in gold and the balance in the country’s own currency.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19610705.2.98
Bibliographic details
Press, Volume C, Issue 29557, 5 July 1961, Page 14
Word Count
86£10m Gold For I.M.F. Press, Volume C, Issue 29557, 5 July 1961, Page 14
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.