Early-bird banking role suggested for N.Z.

Press, 13 March 1985, Page 9

Early-bird banking role suggested for N.Z.

New Zealand could become a centre for international banking, using time as an advantage, said the Minister of Overseas Trade, Mr Moore, last evening.

“We have the capacity in New Zealand, if we are smart enough, to make this country an international trading centre.” Mr Moore said that al-

Opening the Southern Machinery Show at King Edward Barracks in Christchurch, Mr Moore said New Zealand had an advantage in that its stock exchange was the first in the world to

though research reports from Australia on the subject had been sent to the New Zealand Treasury, it was up to businesses in New Zealand to take the initiative.

open on each trading day. “The Government has “The sun sets and rises in frei r d “P New Zealand before any- U P to em to § et crac ta n 8where else,” he said. Some New Zealand busi-

nesses had already started “sniffing at the idea,” Mr Moore said.

The machinery show, organised by Xpo Exhibitions, is the second to be held. It was believed to be the largest trade fair held in the South Island, said the South Island manager, Mr John Clarke. Seventy companies have stands at the show, including 25 Australian firms exhibiting in Christchurch for the first time.

The show will run until Friday.