OVERSEAS FUNDS PERMITS

Grey River Argus, 7 September 1939, Page 6

OVERSEAS FUNDS PERMITS

RESERVE BANK REQUEST. WELLINGTON, September 6. As a consequence o'f the outbreak of war, it is probable that many holders of Reserve Bank “permits” for overseas funds for travelling or other purposes will no longer need the exchange allocated to them, states the Reserve Bank. The holders of such permits will be rendering the national service by arranging with their bankers, as soon as possible, for the reduction or cancellation of their permits, in order that the relative overseas funds mav be released for essential purposes. Holders of "exchange authorities” in respecv u to licenses for imports are requested to advise their bankers promptly if they find they will not require to avail themselves of the whole or part of the exchange allocated to them.