AUSTRALIAN BANK NOTES
In '-The Post"' of. 2Sth . November, it was-pointed out that the exchange rate on Commonwealth Bank notes is £4 7s. 6d per cent!, .or approximately Vis in tho £1. It is now. explained that, this rate applies only in. cases- where the notes have been secured-.by- the holders with the object of, making an exchange profit, or if the. notes are:sent-torNew Zeaiarid-fot1 invest? to en t.purposes or .the purchase of London Exchange' through the ' banks or' otherwise.- .For, ordinary trade transactions and the >legitimate-■ "requirements ,of- tourists the 'notes'are negotiated at".ss'per cent., •rath a.-minimum-,of 6d.' -
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https://paperspast.natlib.govt.nz/newspapers/EP19301206.2.110.4
Bibliographic details
Evening Post, Volume CX, Issue 137, 6 December 1930, Page 12
Word Count
98AUSTRALIAN BANK NOTES Evening Post, Volume CX, Issue 137, 6 December 1930, Page 12
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