IMPORTS OF CARS
3 “ New System Introduced (N.Z. Press Association) WELLINGTON, Feb. 26 No-remittance licences for >; built-up cars will be issued •'•now w’ithout the requirement • that 50 per cent of the overI j seas funds involved be remitted to New Zealand through • the banking system. This amends the decision ‘jof the Government already an- > nounced that this 12-month I! dispensation was to apply II from July. :! The Minister of Customs (Mr Adams-Schneider), said i; in a statement today: “1 also I want to make it quite clear •(that all cars imported under i ‘ no-remittance licences or by : passengers arriving in New ; Zealand are still subject to a i limitation on resale.” • The Minister emphasised ■ that the only covenant which had been waived was the one ■ attached to new cars bought ) from dealers without noremittance funds.
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Press, Volume CIX, Issue 32233, 27 February 1970, Page 22
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135IMPORTS OF CARS Press, Volume CIX, Issue 32233, 27 February 1970, Page 22
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