EXPORTS OF SILVER

Manawatu Standard, Volume LIII, Issue 166, 13 June 1933, Page 7

EXPORTS OF SILVER

DOMINION TO AUSTRALIA. HUGE AMOUNTS TRANSFERRED,

PROBLEM FOR AUTHORITIES.

(United Press Association—By Electric Telegraph.—Copyright.) Received Juno 13, 10.5 a.m.

SYDNEY, Juno 13

The Sydney Morning Herald says that tho police in New South Wales who have been working with the New Zealand authorities to prevent the importation of silver coin from that Dominion into Australia 'have been handicapped by their limited powers under tlie existing Acts. Since the differences in exchange have occurred thousands of pounds worth of silver havo been brought to Sydney by inter-Colonial liners. Although the New Zealand authorities made it an offence to export silver the practice persisted and the co-o'peia-tion of the New South Wales police was obtainedj but the authorities here found that it was not an offence to import silver coin into Australia. They questioned many offenders and discovered hundreds of pounds worth of coin on ships arriving from New Zealand, but could take no direct action.

RECOVERY FROM WANGANELLA,

SYDNEY, June 12. Detectives who searched the steamer Wanganella immediately after her arrival from Wellington on Sunday discovered £3OO worth of silver in a parcel. The silver is being returned to the Dominion under instructions from the New Zealand police.