MONEY REMITTANCE

Waikato Times, Volume 124, Issue 20841, 27 June 1939, Page 6

MONEY REMITTANCE

ORDERS FOR OVERSEAS NEW REGULATIONS IMPOSED LOCAL AUTHORISATION LIMIT The new regulations governing the transmission of money overseas by money-order came into force throughout New Zealand yesterday. The maximum remittance has not been reduced, but the method of procedure has been altered with regard to the issue of permits for the money orders. Although the new regulations were known to be pending, there was no rush at the Chief Post Office in Hamilton yesterday. Under the new conditions the maximum which can be transmitted by money-order under local authorisation is £3 instead of £5 as formerly. For amounts up to £1 the orders will be issued on demand, but from £1 to £3 there will be a delay of a few days before the money-order is made available. For amounts between £3 and £5 the ordinary application form is used, but the order may not be issued till permission has been received from Wellington. For all amounts over £5 a special form has to be Ailed in, and here again permission has to he received from Wellington. Applications for all amounts are still being accepted in Hamilton. Statement By Authorities The following statement with regard to the new conditions has been issued by the postal authorities: “With a view to conserving sterling funds, the amount that may be sent overseas by post office money-order under local authorisation is further limited as from yesterday. Locally-issued moneyorders generally will be subject to a maximum of £3. Orders for amounts under £l, Which are intended as subscriptions to magazines, membership in societies, repayments of small debts, assistance to relatives, religious and charitable donations, will be issued without delay, provided that a maximum of £3 or more has not been remitted during the previous three months.

“A special form of application for permits will be available a>t all money order offices. The form provides for a declaration by the applicant of the purpose for which the remittance is intended, the total amount remitted during the previous three months, and whether the application is made in his or her own behalf. In cases where the remittance is on behalf of another person the name and address of that person must be supplied.” When the shortage of sterling funds became acute the value of moneyorders issued to each applicant was reduced to £lO. Subsequently the maximum was further restricted to £5 with a weekly limit, but it was left largely to the individual to observe the conditions.