OVERSEAS TRAVEL
TRANSFER OF FUNDS
PASSENGER RATES
A travel agency official stated today that quite a number of clients with plans for trips overseas, believing that the rate of exchange New Zealand on London might be raised, had been quick in taking steps to complete the transfer of funds overseas.
Although he thought it was too early yet to say whether overseas travel might be affected by the steps taken by the Government to control exports and imports, his view was that, on present indications, the Government had no desire or intention of imposing restrictions which might tend to be embarrassing in this connection. There might be some people, he thought, who would cancel their reservations.
Shipping officials said that they did not think the new regulations were likely to affect overseas passenger rates. The practice largely followed by the companies was to quote on a sterling basis. The rates had been increased 10 per cent, last year to meet added costs, and the only possibility they saw of New Zealanders wishing to travel overseas having to pay more for their passages was if the exchange rate was increased. They did not think the companies would increase the fares.
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Bibliographic details
Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 10
Word Count
199OVERSEAS TRAVEL Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 10
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