OVERSEAS SHARES
"Purposeless” Restrictions (N.Z. Press Association) WELLINGTON, Sept. 28. Members of the Wellington Stock Exchange today protested against the introduction of additional exchange control regulations in the current Budget. A statement said members believed the regulations to be unwarranted and purposeless restrictions on th" freedom of the public. The Wellington exchange accepted the scheme to allow a limited market in New Zealand for overseas securities only under strong protest. The chairran of the Wellington exchange (Mr J. M. Harcourt) said the general view of members was that the scheme, with its paperwork, would prove costly and troublesome to members, to the Reserve Bank, and, eventually, to investors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660929.2.29
Bibliographic details
Press, Volume CVI, Issue 31177, 29 September 1966, Page 3
Word Count
108OVERSEAS SHARES Press, Volume CVI, Issue 31177, 29 September 1966, Page 3
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.
Log in