SERIOUS RUMOURS IN LONDON
Hints of Restrictions On Exchange Views of Financial Journal United Press Association—By Electric Telegraph —Copyright (Received July 14, 1.8 a.m.) LONDON, July 14. Fresh rumours, detrimental to New Zealand are circulating in the city. The statement cf the New Zealand branch bank manager that application* for exchange, involving large transactions, would not be encouraged as tiiv bank was anxious to preserve the London funds led to reports of an embargo on remittances from Zealand was contemplated. “The Financial News” states ‘■.’mu trading concerns consider that certain New Zealand banks are attempting lo exercise a form of u; official control over exchange transactions to prevent the flight of capital abroad. f ew Zealand bonds were affected by the rumours.
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Bibliographic details
Timaru Herald, Volume CXLV, Issue 21088, 14 July 1938, Page 7
Word Count
122SERIOUS RUMOURS IN LONDON Timaru Herald, Volume CXLV, Issue 21088, 14 July 1938, Page 7
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