Lifting Of Exchange Will Affect Travel Fares
Press Assoeiation )
, Per
WELLINGTON, ^itg. 20. ■ "This thing has caught everyone on the hop," including the banks." ; This was the general reply tQ ih- ; quirieg today as ,to any changes that might be expected in overse'as fiij and sea travel fa.fes 'resulting from the lifting Qf -.the exehange rate. ' j ■ As far -as shipping eompanies are . ooncerned, ho immediate annauncement: as to variations in fares are expected,n The new position,. s.aid one - QfilfcC&l, woul'd- have to be examined fully befdre any 'decision was reaehed. . • V A National Airways Corporation spokesman said that nothing .qould be done until advice as to the new overseas exehange rates was received from 'the banks. Internal fares were unlikely to' be ehanged, at least in the near future, There would probably be some adjustment in the fares between Australia and New Zealand, but whether it would take the form of a reduetion at the New Zealahd end ar an increase in Australia he could not say. It. should not be long, however, before National Airways Corporation was in a position to make an announeement, [Details.of the Budget statement on the abolition of the 25 per cent exehange rate appear on page 6.1 .
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19480820.2.27.1
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Chronicle (Levin), 20 August 1948, Page 5
Word Count
204Lifting Of Exchange Will Affect Travel Fares Chronicle (Levin), 20 August 1948, Page 5
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