FLIGHT OF CAPITAL
GOVERNMENT'S ACTION EFFECTIVE REGULATIONS TRADING IN STOCKS REDUCED [BY TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Tuesday "The New Zealand Government's recent regulations have proved most effective in preventing the flight of capital to Australia," said Mr. H. 1?. Nettheim, a Sydney stockbroker, who arrived at Wellington by the Awatea yesterday. "The regulations have reduced trading in stocks between Australia and New Zealand almost to vanishing point," he added. Mr. Nettheim said he thought New Zealand visitors to Australia should not have much difficulty in exchanging a limited number of New Zealand pound notes. They would be foolish, he thought, to accept as little as 14s 3d, as some people were reported to have done. The value should be about par.
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New Zealand Herald, Volume LXXV, Issue 23231, 28 December 1938, Page 8
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121FLIGHT OF CAPITAL New Zealand Herald, Volume LXXV, Issue 23231, 28 December 1938, Page 8
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