ANOMALIES CREATED
ACCEPTED EXCHANGE BILLS OPINION OF BUSINESS MEN A request was received by the Auckland Chamber of Commerce, at a meeting yesterday, from the Canterbury chamber for support for its representations to the Government with regard to anomalies created by the alteration of exchange. It was contended that anomalies had been caused in the case of bills of exchange already accepted at 30 to 90 days, and payments incurred where the goods had already been sold and charged on a lower exchange basis. It was decided to communicate with the Associated Chambers of Commerce expressing support, but also mentioning that it would appear to be logical to extend any such concession to all shipments on the water and to irrevocable orders not yet shipped. Mr. S. Takle said it was unreasonable that the banks should be insured against loss in connection with that aspect of the exchange situation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19330127.2.115
Bibliographic details
New Zealand Herald, Volume LXX, Issue 21401, 27 January 1933, Page 10
Word Count
149ANOMALIES CREATED New Zealand Herald, Volume LXX, Issue 21401, 27 January 1933, Page 10
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in