ACCOUNTING MACHINES
Conversion By Govt. (N Z. Press Association) WELLINGTON, Nov. 18. The Government would pay for the conversion of the three main types of office machines for the change-over to decimal currency, the undersecretary of finance (Mr Muldoon) told the South Wellington Rotary Club today. Adding machines installed on or after January 1, 1956, would be converted at Government expense.
At the time of the changeover to decimal currency in July, 1967, the Government would pay for the conversion of adding machines up to 12 years old, cash registers up to 15 years old, and accounting machines up to nine years old, he said.
“Beyond these ages a form of cash grant will be available to compensate owners for loss of residual life. This will apply to adding machines over 12 years and up to 16 years old, cash registers over 15 and up to 20 years, and accounting machines over nine years and up to 12 years old.” Machines could, however, be declared unconvertible by the Decimal Currency Board regardless of age.
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Bibliographic details
Press, Volume CIII, Issue 30602, 19 November 1964, Page 12
Word Count
174ACCOUNTING MACHINES Press, Volume CIII, Issue 30602, 19 November 1964, Page 12
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