POOR FINANCIAL REPUTATION
Opinion Of New Zealand In The East Dominion Special Service. AUCKLAND, March 16. -People in the East appear to have a great respect for our butter, beef and lamb, but they seem to have little regard for our currency or our legislation,” said Mr. J. J. McGrath, a well-known Wellington barrister, who returned from a tour of Australia and the East Indies by the Maetsuycker. “Whether it is deserved or not. the Dominion has a poor financial repuation in practically all the countries I visited.” lie added. "Nowhere could one negotiate New Zealand currency. In Sydney it was refused in trams, trains, taxis, hotels, and banks. In New Guinea, Java, and Saigon our silver and Reserve Bank notes were useless.
“In spite of all its troubles, however, New Zealand was ‘not a bad country’ to come back to.” he said.
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Dominion, Volume 32, Issue 148, 18 March 1939, Page 12
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143POOR FINANCIAL REPUTATION Dominion, Volume 32, Issue 148, 18 March 1939, Page 12
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