NEW ZEALAND MONEY

Evening Post, Volume CXII, Issue 26, 30 July 1931, Page 11

NEW ZEALAND MONEY

POURS INTO .AUSTRALIA

THE NEW LOTTERY

(From "The Post's" Representative.)

SYDNEY, 23rd July.' "

New Zealand money has begun 'to, pour into New South Wales—and-cer-tain it is that New South Wales i'jne'ads all the money it can get. Of course, NewZealanders are not moved by any pity for the plight of this unhappy State. Every New Zealander who sends 5s 3d expects to take out of the country £5000, which will be the prize in the first lottery. This week's mails brought scores of letters from New Zealand, and ;the majority of them included a postal note. The postal notes were not made payable to anybody in particular, but the banks are always ready to cash them. The lottery office waits until it has £100 of New Zealand money, and at the present rato of exchange this realises £118 18s absolute profit to the New South Wales Government. The lottery officials are making hay while the sun shines, for they fear that the time will gome when the New Zealand Government will ban participation in the lottery.

'.What a change has come over tho 'state of affairs in Now South Wales. ■The lottery office is housed in the great £2,000,000 bank which . not many months ago closed its doors. Not so long ago people poured their thousands into numerous savings accounts. Their thousands are still locked up in. the institution. Now people arc rushing to the same building in their hunt for a fortune, their get-rick-quick hopes running high. Actually the lottery office has not yet commenced business, but it has on hand nearly 20,000 applications for tickets. The other day the police Sad to control the queue formed by those who wanted to lodge their applications so that thoy couM rjo certain of being in the first ballot, which will .not be drawn for * about three weeks. A phenomenal rush is only to be expected at the beginning, but in view of the shortage of cash generally it is doubtful ■whether there can be a draw every ten flays, as planned. ' New Zealand is not the only country represented in the applications so far received. They have come from England, Scotland, tho United States, and Canada, litany of the applicants living hi distant parts had no idea of the price »f the tickets, but forwarded an amount which they hoped would be sufficient. They have (tisplaj'ca1 remarkable trust In the lottery officials. Each day this ifoek the lottery mail has fillod several jruJtcases, and tho staff has had such a tjnsy tujae thfifc 'it has been called upon jSrororfc- o v eritnie.