IMPORT PROHIBITED
BANK OF ENGLAND NOTES ACTION IN BRITAIN (United Press Assn.—Elec. Tel. Copyrlgtit) (Received Aug. 22, 2 p.m.) LONDON, Aug. 21 In view of the fact that a considerable amount of Bank of Englanu notes were held in France and other territories occupied by the enemy it has been decided to prohibit the importing of Bank of England notes into the United Kingdom. An Order-in-Council to this effect comes into force immediately. The value of sterling in the world markets will not be affected since commercial and financial transaction* are not carried out oy means oi banknotes but !;y cheques, cable transfers etcetera Nevertheless, special steps have been taken to give existing holders in neutral countries an opportunity to realise Bank of England notes now he’d by them. Bank o!‘ England notes held inside the sterling < -cr. will continue to be freely neg . infcla : 1 exchangeable with the currency at.charities cf the various countries concerned. The prohibitir a does net apply to notes b: ought < . c.-. •rn l ire into the United . . I :vcl’eis from overseas will bo : U v.c 1 to bring in £lO in Bunk cl Eng «au - its w*Ui
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Bibliographic details
Waikato Times, Volume 127, Issue 21198, 22 August 1940, Page 7
Word Count
193IMPORT PROHIBITED Waikato Times, Volume 127, Issue 21198, 22 August 1940, Page 7
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