FINANCIAL EXPERTS TO STUDY POSITION IN NEW ZEALAND

Manawatu Times, Volume LV, Issue 7321, 3 September 1930, Page 6

FINANCIAL EXPERTS TO STUDY POSITION IN NEW ZEALAND

Professor Gregory Arrives

SIR OTTO NIEMEYER ALSO

COMING

Per Pros? Association. WELLINGTON, Sept, 2. Professor T. E. Gregory, who has been associated with Sir Otto Niemeyer in Australia, arrived from Sydney by the Ulimaroa to-day as the guest of the Government.

Leaving- Sydney This Week MELBOURNE, Sept. 2. Sir Otto Niemeyer will leave Sydney for New Zealand on Thursday. Sir Otto Niemeyer states that t his visit to New Zealand is partly on holiday, but while there he will confer with lhe leading bankers.

Sir Otto Niemeyer, financial adviser to the Bank of England, and Professor T. E. Gregory and his party, have accepted an invitation to assist the New Zealand Government in connection with the banking, currency and exchange problems of the Dominion: In making this announcement yesterday, Hon. E. A. Ransom, Acting Prime Minister.

said that the present banking legislation in New Zealand was largely suspended by the war regulations, which were still in force and due for replacement by permanent enactment. “The Government,’’ ho said, “is anxious to avail itself of the expert advice of these two world-rccogniscd authorities in determining what system should be operative in future.’’ It was explained further by Mr Ransom that New Zealand’s invitation to Sir Otto to confer with the Government had been issued by the Prime Minister, lion. G. W. Forbes, on July 17. Sir Otto is duo here on Monday next.