Import Licences

Manawatu Times, Volume 64, Issue 279, 25 November 1939, Page 7

Import Licences

HOLDERS URGED TO MAKE EARLY APPLICATION EXCHANGE REQUIREMENTS Per Press Association. WELLINGTON, Nov. 24. The Reserve Bank has announce ! that a printed memorandum, explain*’ ing the procedure in granting exchanga authorities respecting the third period} of import licences, had been dis-i tributed to the trading banks, and may be obtained by holders of licences fron* the trading bank with which their applications for remittance are lodged. The Reserve Bank’s ability to provide for remittances will depend largely on the extent to which exchange requirements are spread ove; the first eight months of 1940, and holders of licences are invited to make early application through their bankers, thus giving the Reserve Bank, when issuing exchange authorities, pome idea of requirements of the licence-holders in general as to tha date of remittance. IMPORT RESTRICTIONS BUYERS DISCUSS EFFECT OF POLICY ON TRADE Per Press Association. WELLINGTON, Nov. 24. Wholesale and retail buyers' discussed the effect the Government’■ policy of import restrictions was having on trade. The meeting was unanimous in expressing the opinion that retail employees would feel to even a greater extent than wholesale employees the serious position likely to develop after the Christmas trading. A committee was set up to make suggestions to a general meeting to be held at an early date.