MONEY ORDERS BY RADIO

Dominion, Volume 30, Issue 171, 16 April 1937, Page 17

MONEY ORDERS BY RADIO

Service For Cook Islands By Telegraph—Press Association. Dunedin, April 15. An additional Post Office service which will tend to increase business between New Zealand and the Cook Islands is announced by the Post-master-General, Hon. F. Jones, who states that from May 1 money-order telegrams for transmission by radio will be issued at all money-order offices in New Zealand. “This will be a great advantage to residents of the group,” explained the Minister, “particularly for the reason .that there are no commercial banking facilities in Rarotonga. The charge for the service will be the usual rate of money-order commission paid in New Zealand, plus radio-telegram charges, and it will be possible to include private messages in the telegram of advice. Owing to the difficulty of carrying large funds in Rarotonga, it is intended to impose a limitation of £3OO on the amount which may be remitted by any one person in New Zealand during tiie period elapsing between the times of the departure of a steamer from Rarotonga on two consecutive trips. This restriction, however, will not apply to remittances from Rarotonga to New Zealand. The maximum amount of tiny single money-order is to be £4O, but larger sums may be sent by taking out additional orders. There is parity of exchange between New Zealand and Rarotonga, and it is hoped,” concluded the Minister, “that greater ease of transmission of funds through the Post Office will further develop trade between New Zealand and its island dependencies.”