TRANSFERS OF STOCK
(Parliamentary Reporter) WELLINGTON, June 16. Anyone wishing to apply to transfer to New Zealand, Government stock issued in the United Kingdom, must have been the registered holder for not less than six months, the Budget says. Once the stock has been transferred to the New Zealand register, it may not be sold for six months except in special cases approved by the Reserve Bank. The transfer fee is raised from 2s 6d per cent to £l. The Minister of Finance (Mr Lake) said that the volume of these transactions over the last year had been excessive, and s had reduced receipts of foreign exchange through the banking system.
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Bibliographic details
Press, Volume CVI, Issue 31088, 17 June 1966, Page 10
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111TRANSFERS OF STOCK Press, Volume CVI, Issue 31088, 17 June 1966, Page 10
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