the recent BUDGET

Press, Issue 31095, 25 June 1966, Page 7

the recent BUDGET

Possible Effect Upon

Holders of Overseas

Funds And Securities

I * is to early at this juncture . to assess with any degree of accuracy what the full effects j of the Government’s recent Budget will be upo"h the holders of overseas funds and securities. ' However, the general impression at the moment seems to be that holders of sterling area currency securities and shares Australian) will feel less inclined to part with their holdings unless they can replace with an investment of at least equal or better return value. This applies particularly to the purchase of cars under the no remittance scheme—it is also generally conceded that the recent regulations will have a marked effect upon the volume of cars Imported into N Z. under no remittance. Fortunately for the Australian manufacturers and the New Zealand franchise holders one car that will still continue to find favour with many buyers under the no remit-i tance scheme is General Motors' Australian manufactured Holden. Supply of these popular vehicles, is still at a premium and they continue to commend an excep-: tionally high re-sale and trade in value—(frequently in excess: of original cost). This fact is, readily confirmed by reading the cars for sale notices in various centres and visiting used car showrooms throughout the Country. It is interesting to note that during 1965 Holden captured over 41 per cent of the total no remittance car sales in New Zealand, a figure far ahead of any other car on the New Zealand market. It’s not only the lower price of the Holden (and the much better value it represents) but the fact that the rugged, proven allround quality of the car makes it such a good Investment, even long after the original purchase date. Holden is still a fine investment for holders of overseas funds and intending purchasers of one of the new 1966 models (offered with a choice of three turbo smooth six cylinder engines) •hould contact the Christchurch distributors for Holden, Messrs Blackwell Motors, Ltd., corner Durham and Kilmore streets. With shipping strikes, an escalating war and generally unsettled world conditions an increasing number of people are inclining to the view that there’s no time like the present to get what they want. It’s just the old story of a bird in the hand. At the moment if a person i« fortunate enough to have eligible overseas funds and orders now he can enjoy a handsome new Holden this spring and also know that he has a No. 1 investment that will more than hold its original cost value even after many thousands of motoring miles have been enjoyed. Blackwell Motors, L.M.V.D., ’Phone 62-999 have a special department to handle no remittance sales and will gladly attend to all details for you and answer any inquiries. —Advt.