GOLD COIN AND BULLION
TRANSFER TO RESERVE BANK By Telegraph—Press Association WELLINGTON, July 26. A notice in the Gazette prescribes a period of three months from August 1 within which every bank carrying on business in New Zealand shall transfer to the Reserve Bank, in exchange for the equivalent value of bank notes of the Reserve Bank or fox credit with that bank, all gold, coin and bullion held by it on its own accotint. Another Order-in-Council fixes September 1 as the date from which other b*nks will be required to maintam their balances in the Reserve Bank.
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Bibliographic details
Timaru Herald, Volume CXXXVIII, Issue 19862, 27 July 1934, Page 8
Word Count
98GOLD COIN AND BULLION Timaru Herald, Volume CXXXVIII, Issue 19862, 27 July 1934, Page 8
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