TIGHTENING UP

King Country Chronicle, Volume XXXIII, Issue 4802, 26 June 1939, Page 5

TIGHTENING UP

MONEY FOR OVERSEAS. Restrictions governing the remittance of money overseas by money order are shortly to be tightened up. A new method is to be introduced involving the filling in of a special application form. The new system is obviously designed to prevent further flight of money out of New Zealand. It is a protective measure to trap people who, in the past, have, by various methods, evaded the £5 limit. Big business houses, suspected of remitting money overseas by means of money orders through their employees, and agents of overseas sweepstakes, will lay themselves open to detection if the new application form is falsified. The new forms have arrived at the post offices, but so far instructions as to when they are to be distributed among branches or when the new system is to come into operation, have not been received from the GeneralPost Office, Wellington. The new form requires a statement as to the purpose for which the money is required, the total amount already remitted during the previous three months, whether the application is made on own behalf, and if on behalf of another person, his or her name and address and a declaration by the applicant that the statements in the application are true and correct in every particular. Under the present system a written application has to be made for a money order by any person who wants to send money overseas, but the application is the same for overseas as for sending from one New Zealand town to another.