MONEY FOR WOOL
FIRST PAYMENT FROM GREAT BRITAIN SUM PAID INTO BANK [Per Press Association.!
WELLINGTON. Dec 7 Advice was received from the Marketing Department,, in a cable from London to-day. that the first payment on account of the wool purenased from the New Zealand by the United Kingdom Government had been paid into the Reserve Bank’s account at the Bank of England. Making this announcement in a broadcast, the Minister of Marketing, Hon. W. Nash, said the amount of this cheque was £476,910. Payment was the first in connection with the new pro- ■ cedure, and was for wool appraised in . Auckland, Gisborne, Tologa Bay, and ; Tokomaru. The department was ready to make ) a payment to brokers on prompt dates, the first of which was Satur- ' day. However, payment could only be made on receipt of brokers’ invoice, some of which were not yet to hand.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19391208.2.84
Bibliographic details
Wanganui Chronicle, Volume 83, Issue 290, 8 December 1939, Page 8
Word Count
146MONEY FOR WOOL Wanganui Chronicle, Volume 83, Issue 290, 8 December 1939, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.