FINANCIAL STANDING OF DOMINION
“LITTLE REGARD BY PEOPLE IN THE EAST” (Special to The Times) AUCKLAND, March 16. “People in the East appear to have a great respect for our butter, beef and lamb, but they seem to have little regard for our currency or our legislation,” said Mr J. J. McGrath, a prominent Wellington barrister, who returned from a tour of Australia and the East Indies by the Maetsuycker. “Whether it is deserved or not, the Dominion has a poor financial reputation in practically all the countries I visited," he added. “Nowhere could one negotiate New Zealand currency,” he continued. “In Sydney it was refused in trams, trains, taxis, hotels and banks. In New Guinea, Java and Saigon our silver and Reserve Bank notes were useless.” In spite of all its troubles, however, New Zealand was “not a bad country” to come back to, he said. (
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Bibliographic details
Southland Times, Issue 23769, 17 March 1939, Page 6
Word Count
147FINANCIAL STANDING OF DOMINION Southland Times, Issue 23769, 17 March 1939, Page 6
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