MONEY ORDER EXCHANGE

Taranaki Daily News, 29 January 1931, Page 3

MONEY ORDER EXCHANGE

DOMINION TO BRITAIN.

FURTHER INCREASE MADE;

An increase of 3d in the pound in th® rates of exchange on money orders, postal notes and savings hank transfers from New Zealand to Great Britain and foreign countries has been announced. The new money order rate of Is 3d in the pound is the highest ever recorded. The rate has been increasing gradually since March, 1930, when it was 3d in the pounds. The new schedule came into operation on Thursday., Under it the rhStric* tion which places £lOO as tho maximum amount rVhich. any person can forward weekly by money order to Great'. Britain, Ireland, Canada and foreign countries remains unaltered. ■

The rate for savings' bank transfers is the same as that for money orders. The maximum amount of transfer,.: £2OO for each depositor, has not been altered. The charges for New Zealand postal notes, which are negotiable only in'‘New Zealand, have not, been changed, but the new rates of commission on British postal orders, Which can be cashed overseas, are as follows, the .rates charged previously being ■ given in parentheses:— 2s, 2d (Id), 2s 63, 2d (Id), 3s, 3d (2d), ss, 4d (3d), W 83 (6d), 15s, lid (9d), £1 Is 3d (is).'.. ,