COIN NOT LEGAL TENDER
IMPORTS FROM AUSTRALIA DOMINION EXCHANGE AFFECTED. CHECK ON SILVER FLOODING. \ By Telegraph.—Press Association. Wellington, July 24. In the course of a comment on the gazetted regulati ms with regard to the export and import of silver coin, Mr. G. W. Forbes said silver coin was intended only for internal circulation, but it had been found that Imperial coinage was being sent to England and that the Dominion was being flooded with Australian coin, which was not legal tender hero, for the purpose of avoiding the payment of exchange. „ This was one of the ways by which Australians were obtaining exchange on Londbn through New Zealand, with the conscquenbe of unwarranted pressure on the London-New Zealand exchange. In any case the Government could not allow the currency of the Dominion to be tampered with in this way, which was contrary to the public interest and prejudiced our credit abroad.
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Taranaki Daily News, 25 July 1931, Page 6
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152COIN NOT LEGAL TENDER Taranaki Daily News, 25 July 1931, Page 6
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