IMPOST CONTROL.
FURTHER STRICTURES.. Per Press Association. AUCKLAND. July M. Indicated by refusals to issue import licenses, it is apparent that the Customs Department is closing down, or severely limiting, the scheme whereby it was" possible to obtain . overseas goods that did not come in conflict with Dominion manufactures under arrangements by which the lands tor payment remained lor a period in the Dominion.
Importers acknowledge that some limitation on the scheme was inevitable sooner or later, as a dangerous condition would arise in the future if there were a large accumulation ol funds in the Dominion awaiting transfer. The attitude of the department conforms to the policy it has adopted of refusing to grant import licenses where payment lias been arranged for the purchase ol overseas Rinds on the unofficial or “black” exchange market, and which otherwise might have been diverted into the official overseas sterling funds. The department, through the medium of import licenses, is insisting on payments for goods, unless it has previously authorised deferred payments, being made through the banks within normal time limits.
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https://paperspast.natlib.govt.nz/newspapers/MS19390715.2.42
Bibliographic details
Manawatu Standard, Volume LIX, Issue 192, 15 July 1939, Page 7
Word Count
178IMPOST CONTROL. Manawatu Standard, Volume LIX, Issue 192, 15 July 1939, Page 7
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