OVERSEAS STOCK
Compulsory Sale To State Not Intended “The Government does not consider it advisable to take action as suggested,’’ said a written reply by the Prime Minister, Mr. Savage, to a question asked in the House of Representatives by Dr. McMillan (Government, Dunedin West) as to whether the Government would consider compelling New Zealand holders to sell their overseas securities to the Government to help meet the loan falling due next January. “While statistics are not available at the moment it is reasonably certain that the amount of sterling investments held by persons ordinarily domiciled in New Zealand is relatively small, and there is a much greater volume of New Zealand investments held by British investors,” the Prime Minister’s reply added.
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Dominion, Volume 32, Issue 262, 3 August 1939, Page 10
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122OVERSEAS STOCK Dominion, Volume 32, Issue 262, 3 August 1939, Page 10
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