MONEY FOR TOURS ABROAD

Evening Star, Issue 23146, 21 December 1938, Page 8

MONEY FOR TOURS ABROAD

PROCEDURE EXPLAINED AGAIN fPEit United Press Association.] WELLINGTON, December 20. In an interview to-day the Minister of Finance (Hon. Walter Nash) stated that inquiries being marie at his office and at the Treasury indicated that many people were still unaware of the procedure to be followed to obtain a permit to remit moneys overseas for their own expenses as tourists or travellers or for other legitimate purposes. Under the arrangements made any person desiring to remit moneys overseas for any purpose not involving tho importation of goods should call at the branch of the trading bank normally used by him or, if he had no bank account at any branch of any bank, and at the bank ho -would be asked to fill in an application, form. Applications would be sent forward by the bank for approval, and a permit for the approved amounts would bo sent back to tho branch of the bank through which the application wag made.

Since tiie first announcement was made, continued the Minister, it had been decided that applications for permits would be dealt with by tho Re-

serve Bank, and not by tho Treasury, and the trading banks had been advised accordingly. If practicable, persons desirous of remitting moneys overseas should make application at least a month prior to the date on which tho funds were required, but, if the funds were urgently required, the banks would arrange for a prompt decision. He would again like to make it clear that reasonable requirements for tourists ami travellers or for the maintenance or expenses of relatives abroad will, bo provided.