BRITISH IMMIGRANTS TRANSFER LARGE SUMS OF MONEY TO N. Z.

Wanganui Chronicle, 3 October 1947, Page 5

BRITISH IMMIGRANTS TRANSFER LARGE SUMS OF MONEY TO N. Z.

(Special N.Z.P.A. Correspondent.) Recd. 7 p.m. London, Oct. 2.

A large number of British people going to New Zealand continue to transfer cons.derable sums of money with which to establish themselves in the Dominion. One family recently transferred £90,000, and there are many more who have taken more than £IO,OOG 'The majority of these sums—at least 70 per cent, of the total—will be used to establish bus.ness or to buy farms and similar property. The remainder have been transferred by British residents who wish to spend their retirement in New Zealand. An increasing number of people who are unable to secure .steamer: passages are using the air route to I New Zealand, via the United States. I The cost is approximately double that of a first-class steamer berth, but many people who are tired of waiting for shipping accommodation prefer to pay the extn. The recent criticism of conditions and treatment in New Zealand expressed by the Reverend Clough, is not supported in any way by letters received in London from many hundreds of British emigrants who recently have gone to the Dominion. To offset Mr Clough’s criticism, which definitely is an isolated case, both in New Zealand House and banks handling business for emigrants have received many hundreds ot letters thanking them for the arrangements made and expressing pleasure at their reception. Difficulties are not overlooked, but are accepted cheerfully. _