Dollar May Invite Scorn Of Tourists’

Press, Volume CIV, Issue 30930, 10 December 1965, Page 8

Dollar May Invite Scorn Of Tourists’

TNew Zealand Press dssociationj

DUNEDIN, December 8.

The chairman of the Dunedin Stoek Exchange, Mr W. F. Sligo, said today that he hoped the Government would give earneat consideration to the adoption of a distinctive name for the basic unit of the new decimal currency.

In bis address to the exchange’s annual genertl meeting Mr Sligo said: "South Africa is the only Commonwealth country which has actually switched to decimal currency in this decade, and it had the courage and indiriduaiNy to identify the country with the currency.”

He odd he thought Naw Zealand would be equally fanaginatlve and less imitative to avoid the term “dctlar.”

“To apply to our tourist trader the name would need to be prefixed ‘N.Z.’ or be complete!: meaningless and unnecessarily confusing."

Ha said New Zealand would be jeopardising good relations and nvtttag tourist acorn in islctag an American visitor for approximately one and a half of Ms bard dollars in exchange for a sisn4lartynamed unit of cur softer currency.”

An Australian vtettor would need 1.25 dollars Australian for one dollar New Zealand.