MONEY ORDERS

Timaru Herald, Volume CXLV, Issue 21215, 9 December 1938, Page 8

MONEY ORDERS

LIMIT ON REMITTANCES ABROAD By Telegraph—Press Association WELLINGTON, December 8. With the announcement of the Government's new measures for the conservation of London funds, fresh regulations were issued regarding Post Office money orders and the sending of remittances abroad. The regulations came into force yesterday and the limit fixed on money orders is £lO a week. Before yesterday there was no limit to the amount of money a person could send abroad, though single money orders for more than £4O were not issued. Under the new regulations, however, no person is permitted to obtain more than £lO in money orders in one week. The limit on British postal orders is £1 a week. Money orders for smaller amounts than the limit specified may be purchased each week, but the total value of orders must not exceed £lO. The same principle applies to British postal orders. In the past a person could purchase several money orders to the value of £4O each with no limit on the total sums remitted. A person wishing to send £4O by money order to London for example, would be required to obtain a £lO money order each week for four weeks unless special permission was obtained from the Treasury to remit the money in a lump sum.