CARGO FOR AMERICA

Poverty Bay Herald, Volume LIX, Issue 17947, 26 November 1932, Page 5

CARGO FOR AMERICA

FREIGHT PAYMENT BASIS

(Per Press Association.)

WELLINGTON, this day

It is announced by all steamship companies taking cargo for the States and Canada that freights to Pacific and Atlantic ports, and inland Canadian and States points, if paid at the destination, are, as usual, to be collected at par exchange. In the event of shippers specially desiring to .prepay at the port of shipment in New Zealand, a surcharge for conversion and exchange will be made to bring the freight in New Zealand currency to ■the "equivalent of the American or Canadian currency applicable on the day 'before the vessel commences loading lit tlie first port in New Zealand, such a surcharge applying to the vessel’s total loading in New Zealand. This will place freight paid as above on the same basis as freight payable at, the destination, •which is collected at the par rate of 4.815 dollars to the pound. This change is necessitated by the fact that the previous surcharge of 10 per cent, was not sufficient to meet, the current basis of conversion at the above points.